Nigeria

Mkpoikana Udoma Port Harcourt — The Nigerian National Petroleum Company Limited, NNPCL, says it has cleared the  outstanding $3.8 billion joint venture cash-call debts owed to international oil companies, IOCs, operating in the country. NNPCL’s Executive […]

*Vessel Energos Grand © Energos Infrastructure Lagos — Technology group Wärtsilä will supply the reliquefaction system for a retrofit project on an LNG carrier vessel converted to operate as a floating storage unit (FSU). The […]

*OPEC oil demand – Cites US debt ceiling risks– Chinese oil demand growth increased to 800,000 bpd– OPEC output falls by 191,000 bpd in April– Says non-OPEC supply investment still below 2014 high– OPEC+ meets […]

*Petrol dispenser nozzle. Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria has urged the federal government to suspend the planned removal of subsidy on premium motor spirit by the end of […]

*Crude oil spill offshore Nigeria London — The UK Supreme Court ruled on Wednesday that it was too late for Nigerian claimants to sue two Shell (SHEL.L) subsidiaries over a 2011 offshore oil spill they […]

…Nigeria, Iraq production drops  *Oil supply News wire – The Organization of the Petroleum Exporting Countries, OPEC, oil output fell in April due to a halt in some of Iraq’s exports and delays to Nigerian […]

Mkpoikana Udoma Port Harcourt — The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA says more collaborations and interventions are needed to improve domestic gas utilization in the country, despite the various initiatives and policy […]

Lagos — With rising inflation and an increasing capital cost borrowing environment posing challenges for upcoming oil and gas projects, the overall oil and gas industry’s disclosed contract value saw a significant quarter-on-quarter (QoQ) decrease […]

*Fifth offshore Guyana development – Uaru project receives government approvals; production targeted to begin in 2026– Fifth Stabroek block development will have a daily production capacity of around 250,000 barrels– $12.7 billion of additional investment […]

*Cushing, Okla., is a major oil storage site. London — Oil extended losses on Wednesday after plunging 5% in the previous session, as investors priced in expectations for interest rate hikes in the U.S. and […]