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[ June 24, 2026 ] FG mobilises EFCC, DSS, police to tackle LPG hoarding, diversion News
[ June 24, 2026 ] NUPRC, Defence target 1.8mbpd growth with new oil assets security strategy News
[ June 23, 2026 ] Sub-$80 oil tests Nigeria’s deregulation resolve News
[ June 23, 2026 ] Nigeria eyes LPG imports to close 165,000MT supply gap News
[ June 22, 2026 ] PTDF seeks stronger talent pipeline for oil industry growth News

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OPEC+ extends deep oil production cuts into 2025

*The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC’s headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger London/Dubai — OPEC+ agreed on Sunday to extend most of […]

PTDF moves to commercialize oil & gas research products

*Vice Chancellor of Uniport, Prof George will Owunari with members of PTDF Professoral Chair on Gas Engineering and officials of PTDF in Port Harcourt. Mkpoikana Udoma Port Harcourt — The Petroleum Technology Development Fund, PTDF, […]

OEUK challenges UK Parliament candidates to support domestic offshore industry

(WO) – As the UK Parliament is dissolved and campaigns enter their second full week, leading trade body Offshore Energies UK (OEUK) has challenged every candidate standing in the July 4th General Election to back […]

Subsea7 secures “super major” contract from Petrobras for Búzios 9 field offshore Brazil worth over $1.25 billion

(WO) – Petrobras has awared Subsea7 a “super major” contract for the development of the Búzios 9 field approximately 180 km offshore Rio de Janeiro, Brazil, at 2,000 m water depth in the pre-salt Santos […]

Oil price forecasts cut as supply risks trend lower, Reuters poll finds

*Crude oil barrels News wire — Analysts have lowered their 2024 oil price forecast for the first time since February, reflecting lower risks to supply from ongoing wars in the Middle East and Ukraine, a […]

Hess shareholders approved Chevron acquisition by “thin majority” on ExxonMobil arbitration uncertainty

(Bloomberg) – Hess Corp. shareholders approved the company’s proposal to be acquired by Chevron Corp. for $53 billion by a razor-thin majority of 51% of shares outstanding. Investors holding 157.6 million shares voted […]

Equinor to accelerate digital transformation with Seeq analytics, AI platform

(WO) – Seeq, a leader in industrial analytics, AI, and monitoring, and Equinor announced a multi-year commercial agreement for the Seeq Industrial Analytics and AI platform, to be leveraged across Equinor’s global assets to further […]

Indonesia buys $3.8bn oil & gas from Nigeria in 2023

*Permanent Secretary, Federal Ministry of Petroleum Resources, Amb. Nicholas Ella, with Indonesian Ambassador to Nigeria, Dr. H. Usra Hendra Harahap, on Thursday. – Seeks collaboration with Nigeria on oil &gas development Mkpoikana Udoma Port Harcourt […]

‘How Nigeria’s economy will benefit from $5bn AEB’

*Abuja metropolis Michael Eboh Dublin, Ireland — The Ministry of Petroleum Resources has disclosed that the African Energy Bank (AEB), to be cited in Abuja, would boost the country’s Gross Domestic Product (GDP), propel economic […]

NNPCL agree to $1.28bn divestment deal between ExxonMobil & Seplat

*Headquarters of the Nigeria National Petroleum Company Ltd, Central Business District, Garki, Abuja. Lagos — The Nigerian National Petroleum Company Limited (NNPCL) has announced the signing of a settlement agreement to facilitate the divestment of […]