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[ May 3, 2026 ] NMDPRA warns marketers, backs Dangote’s ₦1,820 Jet A1 price News
[ May 3, 2026 ] NUPRC moves to boost domestic gas supply with NLNG push 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

Tapping opportunities for sustainable growth

Cape Town, South Africa — Africa’s natural gas and LNG potential is a cornerstone of the continent’s energy future. According to the African Energy Chamber’s (AEC) State of African Energy 2025 Outlook Report, Africa’s gas […]

HSBC lowers Brent price forecast on sluggish demand

London — HSBC revised down its Brent crude price forecasts for 2025 and 2026, citing escalating trade tensions that have trimmed expectations for global crude demand growth. The UK lender said, in a report released […]

Iraq to cut oil exports amid OPEC+ pressure to comply with production limits

(Bloomberg) – Iraq plans to cut oil exports next month as OPEC+ presses members to adhere to production targets, according to an official with knowledge of the matter. OPEC’s second-largest producer aims to […]

Vista buys Petronas’ Argentina oil stake in $1.5 billion deal

Vista Energy has acquired Petronas’ 50% stake in a region of the Vaca Muerta shale basin in a deal valued at $1.5 billion USD. The purchase price is comprised of US$ 900 million […]

PENGASSAN orders workers to resume duties at Newcross after suspension lifted

– Union vows to resist job insecurity tactics Mkpoikana Udoma Port Harcourt — The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has ordered its members at Newcross Exploration and Production Ltd to […]

FG flags off CNG mother station for SS, SE in Akwa Ibom

*Dr. Ekperikpe Ekpo, performing the groundbreaking of Guelph Gas Limited’s Compressed Natural Gas, CNG, mother station in Ibesikpo, Akwa Ibom State. Mkpoikana Udoma Port Harcourt — Nigeria’s drive to expand natural gas access and reduce […]

MODEC strengthens Malaysia presence, FPSO capability with new execution center

MODEC, a leading floating solutions provider in the global FPSO industry, has opened its new execution center in Kuala Lumpur, affirming its commitment to Malaysia as a strategic hub for regional business operations […]

TotalEnergies signs 20-year LNG purchase agreement with NextDecade

TotalEnergies has signed a Sales and Purchase Agreement (SPA) with NextDecade to buy 1.5 million tons per annum (Mtpa) of liquefied natural gas (LNG) from the future Train 4 liquefaction unit at the Rio Grande […]

Petrol import drops by 30m litres per day

*Fuel dispenser pump Sam Ikeotuonye Lagos — The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, says Nigeria’s imports of the Premium Motor Spirit, PMS – more popularly known as petrol – dropped by 67 […]

BW Energy makes final investment decision for the Golfinho Boost project, offshore Brazil

BW Energy has made its final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 barrels per day of incremental oil production from 2027 at […]