April 24, 2026 Reliance Industries, the biggest oil refiner in India, is expected to report a drop in profits for its fourth quarter to March, driven by the oil price surge caused by the war in the Middle East. Based on a poll of brokerages, Reuters reported Reliance Industries could book a 3.7% decline in […]Read More
Chevron recently announced that, through its subsidiaries with interests in Venezuela, it has agreed to an asset swap with Petroleos de Venezuela, S. A. (“PDVSA”) and PDVSA’s subsidiaries, in a mutually beneficial agreement that will consolidate all parties’ focus on strategic assets in the country. Under the agreement, Chevron will receive an additional 13.21% working […]Read More
April 23, 2026 Japan’s Prime Minister Sanae Takaichi on Thursday requested cooperation from the world’s top crude oil exporter, Saudi Arabia, in expanding energy deliveries to Japan amid the ongoing supply crunch. In a telephone call with Saudi Arabia’s Crown Prince Mohammed bin Salman today, Takaichi “expressed her appreciation for Saudi Arabia’s continued supply of […]Read More
The NNPC Foundation Limited/Gte, the Corporate Social Responsibility arm of NNPC Ltd., has been honoured with the CSR Champion Award (Health) 2025 by Independent Newspapers, in recognition of its impactful healthcare interventions across Nigeria. The award was presented at the Silver Jubilee edition of the Independent Newspapers Awards, themed “Game Changers: Breaking Barriers and Shaping […]Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on the Independent Petroleum Producers Group (IPPG) to adhere to industry standards in order to enhance human capital development. The commission also encouraged the group to prioritize the promotion of strong corporate governance practices. Mrs. Oritsemeyewa Eyesan, the Commission Chief Executive of the NUPRC, made this […]Read More
Nigeria’s Minister of Power, Adebayo Adelabu, set to formally resign from his position following a high-level meeting with President Bola Ahmed Tinubu at the Presidential Villa in Abuja. The meeting, held on Tuesday, provided an opportunity for Adelabu to present a comprehensive account of his stewardship of the nation’s power sector over the past two […]Read More
April 21, 2026 Mr. Adeleye Falade, Managing Director and Chief Executive Officer of NLNG, has praised the Rivers State Police Command for its dedication to protecting critical national assets and ensuring the security of NLNG’s operations and key infrastructure. According to a statement issued by Anne-Marie Palmer-Ikuku, NLNG’s Corporate Communication and Public Affairs Manager, Falade […]Read More
…Appoints New Minister of Finance President Bola Tinubu has sacked Wale Edun, Minister of Finance and Coordinating Minister of the economy. Edun was sacked alongside Ahmed Muda Dangiwa, Minister of Housing and Urban Development. The Secretary to the Government of the Federation, Senator George Akume, who announced this in a memo, said Edun has been […]Read More
April 21, 2026 China is likely to return to buying large volumes of oil within weeks after selling down inventories during the peak of the Iran supply disruption, according to Mercuria. Marco Dunand, chief executive of the trading house, said at the FT Commodities Summit that China has been drawing from commercial stocks accumulated ahead […]Read More
…Plans Underway to Increase Pipeline Capacity Utilization by 45% by 2026 The Committee of Ministers for the West African Gas Pipeline Project convened in Abuja, emphasizing its pivotal role in advancing the regional energy agenda across West Africa. Ministers and senior representatives from Nigeria, Benin, Togo, and Ghana convened for the meeting, joined by officials […]Read More
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