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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

Nigeria targets 12Bcf gas output, eyes top 10 global ranking by 2030

*Ekperikpe Ekpo Mkpoikana Udoma Port Harcourt — The Federal Government has issued a directive to major gas producers in Nigeria to ramp up daily gas output by at least 1billion standard cubic feet, bscf, annually […]

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Eni in talks to sell 49.99% stake in carbon capture business to GIP

Eni has signed an agreement with Global Infrastructure Partners (GIP), a global infrastructure investor and a part of BlackRock, for exclusive talks to potentially sell 49.99% in its carbon capture, utilization and storage […]

Oil steadies amid EU trade talks, OPEC+ meeting

(Bloomberg) – Oil was steady as the market weighed the prospect for easing trade tensions between the European Union and the U.S. ahead of an OPEC+ meeting on supply policy. Brent traded below $65/bbl, after a […]

Crude oil prices see volatility risks as supply and geopolitical concerns affect sentiment

*Oil prices Lagos — Crude oil futures could face additional volatility as markets face output increases and geopolitical risks. Geopolitical concerns could affect the market and support prices. Heightened tensions in the Middle East and Eastern […]

BPP mulls tripartite framework for CNG rollout across MDAs

*Presidential Compressed Natural Gas Initiative. – CNG adoption will ease cost burden on Nigerians Mkpoikana Udoma Port Harcourt — The Bureau of Public Procurement, BPP, is considering the establishment of a tripartite coordination framework involving […]

Oil shifts as traders consider OPEC+ outlook, easing trade tensions

(Bloomberg) – Oil fluctuated as the market weighed easing trade tensions against the outlook for rising OPEC+ supply. Brent traded below $65 a barrel, erasing earlier gains. U.S. President Donald Trump extended the deadline for […]

First oil achieved from Mero-4 field in Santos basin, offshore Brazil

Oil production has started from the fourth development phase of the Mero field off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos basin. The field is operated […]

Troops smash 19 illegal refineries, recover petroleum products in Niger Delta

*Nigeria Army destroys illegal refining sites in Rivers State. Mkpoikana Udoma Port Harcourt — The Nigerian Army has announced a major breakthrough in its ongoing anti-crude oil theft operations across the Niger Delta, with troops […]

OPEC+ discusses making another large output hike in July

*People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. Bengaluru […]

Canada’s new energy chief pushes oil sands to build carbon-capture systems

(Bloomberg) — Canada’s new energy minister said it’s critical to build carbon-capture systems for the oil sands and identified crude and natural gas exports as a major priority for Prime Minister Mark Carney’s government. […]