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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

Indonesia to launch much awaited IPOs for PalmCo, PHE in coming months

Jakarta — Indonesia is planning to launch much-anticipated initial public offerings (IPOs) for its state palm oil planter and upstream oil and gas company in coming months, a deputy cabinet minister said on Friday. IPO […]

Russia sets plans for oil export cuts in August

*Stacks of crude oil barrels Moscow — Russian oil exports from western ports are set to fall by some 100,000-200,000 barrels per day next month from July levels, a sign Moscow is making good on […]

Environmentalist slams NNPCL for destroying vessel with 800,000 barrels stolen crude

*Arrested vessel, MT Turall, partially destroyed by the military Mkpoikana Udoma Port Harcourt — A renowned environmentalist and Executive Director of Health of Mother Earth Foundation, Dr Nnimmo Bassey, has berated the NNPC Ltd for […]

Aker BP’s Q2 operating profit jumps amid record output

Oslo — Norwegian oil group Aker BP on Thursday reported a rise in second-quarter earnings that matched expectations as record output offset weaker prices for oil and gas. Norway’s second-largest listed oil company, partly owned […]

Oil markets set to tighten, economic headwinds to hit growth, IEA says

*Crude oil barrels; and a splash of oil appearing in the form of the map of the world London — Oil demand is set to hit a record high this year and the market is […]

Angola, DRC to ink agreement for Chevron operated block 14

Johannesburg, South Africa — Angola and the Democratic Republic of Congo (DRC) are set to make history with the signing of an agreement for the development of Block 14 on Thursday 13 July in Kinshasa. […]

Navy foils oil theft attempts at OML18 facility in Rivers

* NNS Pathfinder Commander, Commodore Ibrahim Sulaiman, patrols OML18 theft points Mkpoikana Udoma Port Harcourt — The Nigerian Navy Ship, NNS Pathfinder has again recorded another success in the fight against oil theft in the […]

Army parades 12 illegal oil bunkering suspects, fake personnel

*Nigerian army parades illegal oil bunkering suspects Mkpoikana Udoma Port Harcourt — The sixth Division of the Nigerian Army in Port Harcourt, has paraded 12 illegal oil bunkering suspects involved in illegal oil bunkering activities, as […]

‘NNPC has President Tinubu’s backing for IPO’

Abuja — State-owned Nigerian National Petroleum Co. Ltd. will launch an initial public offering (IPO) “soon”, its group CEO said on Tuesday after securing the backing of Nigerian President Bola Tinubu. NNPC runs joint venture […]

Oil market to tighten with China demand and OPEC+ cuts, says IEA

*North Sea Brent oil. London — Oil demand from China and developing countries, combined with OPEC+ supply cuts, is likely to keep the market tight in the second half of the year despite a sluggish […]