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[ May 3, 2026 ] NMDPRA warns marketers, backs Dangote’s ₦1,820 Jet A1 price News
[ May 2, 2026 ] Rivers workers decry pension crisis, demand reforms amid economic hardship News
[ May 1, 2026 ] Court halts $150m vessel sale over corporate governance breach News
[ May 1, 2026 ] Organised labour demands living wage amid economic strain News
[ April 30, 2026 ] Uphold highest standards of corporate governance, accountability, Akume charges NUPRC board News

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EOG takes leading Utica position with $5.6 billion Encino deal

EOG Resources today announced a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion. The deal positions EOG as a leading Utica E&P company, adding 675,000 net acres for a combined 1,100,000 acres, […]

Tinubu issues Executive Order to slash oil production costs

*Olu Verheijen Mkpoikana Udoma Port Harcourt — In a major policy move aimed at revitalizing Nigeria’s upstream oil and gas sector, President Bola Ahmed Tinubu has signed the Upstream Petroleum Operations Cost Efficiency Incentives Order, […]

Chevron to cut nearly 800 jobs in Texas Permian basin

(Bloomberg) — Chevron Corp. plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. The bulk of the reductions will come from Chevron’s Midcontinent campus on the […]

NLNG launches Train-7 Human Capacity Development BTSP in Rivers

*NLNG Train-7 project’s Human Capital Development, HCD, Basic Training Supplementary Programme. Mkpoikana Udoma Port Harcourt — The Nigeria LNG Limited has affirmed its commitment to youth empowerment and local content development with the official launch […]

Shell to buy TotalEnergies’ stake in Nigeria deepwater field for $510 million

TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The OML118 Production Sharing Contract (PSC) is located deep offshore at ~74 mi […]

TotalEnergies sells 12% Bonga oilfield stake to Shell for $510m

*A logo of TotalEnergies is seen at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2023. REUTERS/Sarah Meyssonnier/File Photo News wire — French oil major […]

Nigeria pushes intra-African gas trade agenda at AET conference

*Ekperikpe Ekpo Mkpoikana Udoma Port Harcourt — Nigeria has reaffirmed its commitment to driving intra-African gas trade as a cornerstone for regional energy security and sustainable development, with the Minister of State for Petroleum Resources […]

OPEC+ gathers to review production quotas ahead of July decision

(Bloomberg) – OPEC+ gathers online on Wednesday to review production quotas for this year and next, before eight key members decide at the weekend whether to bolster output again in July. Several delegates […]

BW Offshore acquires FPSO Nganhurrah with 100,000 bpd capacity

BW Offshore has signed an agreement to acquire the FPSO Nganhurra, securing a high-quality production unit in a market where comparable opportunities are becoming increasingly scarce. The transaction includes a limited upfront payment, […]

OPEC+ drives crude oil prices up again

*Global oil flow. Port Harcourt — Crude oil prices have seen a significant rebound following the latest OPEC+ meeting, reaching $62.50 per barrel for WTI and $65.00 for Brent. This increase is a result of […]