News

…Nigeria, Iraq production drops  *Oil supply News wire – The Organization of the Petroleum Exporting Countries, OPEC, oil output fell in April due to a halt in some of Iraq’s exports and delays to Nigerian […]

Mkpoikana Udoma Port Harcourt — The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA says more collaborations and interventions are needed to improve domestic gas utilization in the country, despite the various initiatives and policy […]

Lagos — With rising inflation and an increasing capital cost borrowing environment posing challenges for upcoming oil and gas projects, the overall oil and gas industry’s disclosed contract value saw a significant quarter-on-quarter (QoQ) decrease […]

*Fifth offshore Guyana development – Uaru project receives government approvals; production targeted to begin in 2026– Fifth Stabroek block development will have a daily production capacity of around 250,000 barrels– $12.7 billion of additional investment […]

*Cushing, Okla., is a major oil storage site. London — Oil extended losses on Wednesday after plunging 5% in the previous session, as investors priced in expectations for interest rate hikes in the U.S. and […]