February 27, 2026 Average daily crude oil production in the United States eased in December to the lowest daily production rate in months, according to the latest EIA data. Total December production, however, was higher than in November. According to the EIA, U.S. crude oil output averaged 13.655 million barrels per day in December, down […]Read More
NIPCO Gas Limited’s Managing Director, Nagendra Verma, says the 18-inch, 80-km natural gas line from Sagamu to Ibadan hits 80% done. It tracks for handover in June or July 2026. MD NIPCO, Verma spoke in Lagos Friday. He restated the firm’s promise to hit the deadline on this key project. The pipeline will ramp up […]Read More
February 27, 2026 Abu Dhabi’s national oil company, ADNOC, has offered additional barrels of Murban crude to its international minority partners in the onshore concession where the grade is being produced, sources with knowledge of the plan told Bloomberg on Friday. Some of the partners have already sold part of the additional barrels, of yet […]Read More
February 27, 2026 Economists and oil market analysts have hiked their oil price forecasts for 2026 amid rising geopolitical tensions and heightened war premium due to the U.S.-Iran standoff. Both crude oil benchmarks are now expected to average above $60 per barrel this year, with price forecasts higher by about $1.50 per barrel compared to […]Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has presided over the formal handover of the OLO Oilfield Host Community Development Trust (HCDT) from TotalEnergies to Aradel Holdings Plc, marking a milestone in the implementation of the Petroleum Industry Act (PIA) and the Commission’s commitment to protecting host community interests during operator transitions. The ceremony, which […]Read More
February 27, 2026 India seeks to slash imports of thermal coal used in its power sector by 30% this year as it wants to use more of its domestic coal supply, industry and government sources have told Reuters. Last year, India’s power sector burned almost 50 million tons of imported thermal coal. This year, the […]Read More
February 26, 2026 Eni’s oil and gas production rose by 7% in the fourth quarter from a year earlier as the Italian energy major started up six major new projects in 2025. Fourth-quarter output was 1.84 million barrels of oil equivalent per day (boe/d), up by 5% from the previous quarter, Eni said in its […]Read More
February 26, 2026 Sonangol is seeking stakes and footprints in the development of critical minerals domestically, Sebastiao Gaspar Martins, the chief executive of Angola’s state-held oil company, has said. Sonangol on Wednesday reported slightly lower net profit for 2025 compared to 2024, but the company wants to capitalize on the critical minerals momentum. Sonangol has […]Read More
The Federal Government has set up a Steering Committee and a Joint Technical Working Group (JTWG) to facilitate the creation of the National Gas Infrastructure Command Centre (NGCC), a centralized digital system designed to enhance transparency, collaboration, and operational effectiveness throughout Nigeria’s gas value chain. Endorsed by President Bola Ahmed Tinubu and enabled by the […]Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that the period for registration and the submission of applications for the Pre-Qualification phase of the Nigeria 2025 Licensing Round will officially end at 4:30 p.m. on Friday, February 27, 2026. As stated by the NUPRC, this deadline adheres strictly to Section 11.2 of the Guidelines […]Read More
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