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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

Russia can meet domestic gasoline demand, energy minister says

*Nikolai Shulginov, Russia’s Energy Minister Moscow — Russia’s energy minister Nikolai Shulginov said on Friday that there was enough gasoline to meet Russian domestic demand, downplaying the possibility of restrictions on exporting the fuel. Last […]

US drillers cut oil and gas rigs for seventh week in a row

*US rig count News wire — U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row for the first time since July 2020, […]

Oil heads for weekly gain as supply cuts balance demand concerns

*Oil prices – China’s May refinery runs hit second-highest total on record– Potential supply deficit in focus as OPEC+ cuts kick in– Russia says ‘realistic’ for oil prices to reach $80/bbl– Bank of England expected […]

Iran’s oil exports hit 5-year highs as US holds nuclear talks

*A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf. REUTERS/Raheb Homavandi – Iranian oil output holds at 3 million bpd – source– Crude exports exceed 1.5 million […]

Nigeria regains position as Africa’s biggest oil producer

…Pushes Libya to second place *Oil production Lagos — The Organization of the Petroleum Exporting Countries, OPEC, says Nigeria’s oil production increased by 185,000 barrels per day, bpd, to 1.184 million bpd in May 2023. […]

Amarinth gets order of API 610 pumps for another North Sea project

With the renewed interest in the exploitation of the remaining North Sea oil and gas reserves, Amarinth has secured another major order, this time for API 610 12th Edition OH2 horizontal centrifugal pumps. The produced […]

Nigerian authorities restore immigration documents of Brown, Seplat Energy CEO

*Roger Brown, Seplat Chief Executive Officer Lagos — Seplat Energy says the Ministry of Interior and the Nigeria Immigration Service, NIS, have restored the working permit, combined expatriate residence permit and aliens card, CERPAC, and […]

New CEO to boost Shell dividend, keep oil output steady

*Wael Sawan, Shell’s Chief Executive Officer. London — Shell (SHEL.L) will ramp up dividends and share buybacks while keeping oil output steady into 2030 as part of CEO Wael Sawan’s efforts to regain investor confidence […]

Fresh oil spill from Shell facility pollutes Okulu River in Rivers States

…Renders fishermen jobless *Oil-polluted River Mkpoikana Udoma Port Harcourt — Over 300 registered fishermen have been rendered jobless following a fresh oil spill from a facility operated by the Shell Petroleum Development Company of Nigeria […]

TotalEnergies makes oil and gas discovery in offshore OML 102

*Nicolas Terraz Paris – TotalEnergies announces the Ntokon oil and gas discovery on OML102 offshore Nigeria. Located in shallow waters, 60 km off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 meters […]