July 3, 2025 Nigeria’s energy sector received a major boost as Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the number of active oil rigs operating in the country has risen to 44 as of July 2, 2025, up from 32 recorded in May 2025, arising from a reduction in oil theft credited to kinetic […]Read More
July 2, 2025 Shell Companies in Nigeria (SCiN) on Tuesday kicked off their participation at the 24th Nigeria Oil and Gas Conference and Exhibition in Abuja with a massive exhibition on their operations which drew commendation from top government functionaries and other conference participants. Among the visitors to the stand were the Minister of State for […]Read More
Jul 01, 2025 Reports and rumors have intensified this year that BP is in the crosshairs of rivals, especially Shell, for a potential takeover that would be the largest deal in the oil industry since the Exxon and Mobil merger in 1999. Five years of U-turns in strategy and the abrupt departure of the architect […]Read More
Governor Otu has recorded a major breakthrough in its quest to transform the state into a maritime hub with the official presentation of the Hydrographic, Geotechnical, geophysical Report and New Navigational Chart for the proposed Bakassi Deep Seaport project. Governor Bassey Otu, speaking at a formal ceremony held in the State Executive Council Chamber, described […]Read More
Jul 01, 2025 UK energy regulator, Ofgem, has given the provisional green light to an investment program of $33 billion (£24 billion) to maintain essential gas distribution networks and expand the power grid in a move to boost energy security and allow more renewables to enter the electricity system. A total of $20.7 billion (£15 […]Read More
Jul 01, 2025 Kazakhstan’s crude oil output jumped 7.5% in June to 1.88 million barrels per day (bpd), matching the country’s all-time high set in March, according to figures leaked to Reuters. This puts Kazakhstan well over its official OPEC+ quota of 1.5 million bpd, and continues a pattern of months-long noncompliance that’s frustrating the […]Read More
Minister of Interior, Dr Olubunmi Tunji-Ojo has disclosed that the recently launched electronic visa (e-visa) regime, has achieved significant success, processing over 14,000 applications within its first six weeks. Tunji-Ojo stated this on Monday at a stakeholder sensitization workshop on major immigration innovations held at the Nigeria Immigration Service (NIS) headquarters in Abuja. He further […]Read More
Jun 30, 2025 U.S. gas prices have dropped to their lowest Independence Day level in four years, with the national average now at $3.14 per gallon, according to GasBuddy. The dip is driven by a retreat in Middle East tensions and consistent supply from both U.S. shale producers and OPEC+ exporters. Brent crude futures have fallen […]Read More
Jun 30, 2025 US power utilities are projected to spend a record $212.1 billion in capital expenditures this year, primarily driven by the need to secure new electricity supply for data centers. Investment in transmission and distribution infrastructure by US investor-owned utilities has nearly doubled in the past decade, reaching over $100 billion in 2025, […]Read More
Jun 30, 2025 Crude oil prices began trading with a loss this week as traders anticipated another OPEC+ supply boost next month at a rate of 411,000 barrels per day, taking the cumulative increase this year to 1.78 million barrels daily, according to preliminary reports. At the time of writing, Brent crude was trading at $67.63 per barrel, […]Read More
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