• March 29, 2026
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NESI Meeting: Minister Signals Electricity Supply Boost as Reforms Gain Traction

NESI Meeting: Minister Signals Electricity Supply Boost as Reforms Gain

March 29, 2026

NESI: The Minister of Power, Adebayo Adelabu, has highlighted significant progress in Nigeria’s power sector under the administration of Bola Ahmed Tinubu, including the attainment of the highest electricity generation level recorded to date. Speaking at the first quarter 2026 Nigerian Electricity Supply Industry (NESI) Stakeholders’ Meeting in Lagos on Thursday, 26 March 2026, the […]Read More

Outcome of what will fuel the grid in 2030 is still uncertain

Outcome of what will fuel the grid in 2030 is

March 29, 2026

…Peculiarities to the world and why GRID OUTCOME: AI’s escalating demand for energy has prompted tech companies to aggressively explore alternative energy sources, driving significant investments into fusion and fission innovations. For many, natural gas remains the go-to solution for consistent, 24/7 baseload power due to its reliability, affordability, and widespread availability. However, recent geopolitical […]Read More

Russia, Warns of Force Majeure on Oil Cargoes after Port Disruptions

Russia, Warns of Force Majeure on Oil Cargoes after Port

March 28, 2026

March 27, 2026 Russia’s oil exporters are warning buyers of force majeure that cargoes from its key Baltic ports may not be delivered at all. Russian producers are now saying they may declare force majeure on cargoes from key Baltic Sea ports after a sustained wave of Ukrainian drone strikes knocked out critical infrastructure this […]Read More

Tinubu remains determined to reform, strengthen power sector – Shettima

Tinubu remains determined to reform, strengthen power sector – Shettima

March 28, 2026

March 27, 2026 The Vice President, Senator Kashim Shettima, has said the administration of President Bola Ahmed Tinubu remains determined to reform and strengthen Nigeria’s power sector. He noted that while the promise of every nation rests on its abundance, Nigeria cannot afford to gamble with energy security. The Vice President, who spoke on Thursday […]Read More

Saudi Oil Exports to China and India Set to Fall Amid War Disruptions

Saudi Oil Exports to China and India Set to Fall

March 26, 2026

March 26, 2026 Saudi crude oil exports to its two biggest clients, India and China, are on course to decline in April because of the production disruptions in the Middle East, Bloomberg reported earlier today, citing traders. The traders said Saudi oil exports to the Chinese market were seen at some 40 million barrels, down […]Read More

China’s Top Shipper Resumes Middle East Trips Amid Iran Ceasefire Talks

China’s Top Shipper Resumes Middle East Trips Amid Iran Ceasefire

March 25, 2026

March 25, 2026 COSCO Shipping Lines, China’s largest shipping company, has officially resumed new booking services for container shipments from the Far East to several key Middle Eastern destinations, with the United States and Iran currently engaged in ceasefire talks, despite statements by Tehran that the U.S. military is “negotiating with itself”.  COSCO has reinstated […]Read More

Nigeria to strengthen its position in global energy market as NNPCL forecasts increase output, despite supply challenges

Nigeria to strengthen its position in global energy market as

March 25, 2026

The Nigerian National Petroleum Company Limited (NNPCL) has announced strides toward reasserting Nigeria’s position as a reliable global energy supplier, highlighting improved security, policy reforms, and growing investor trust in its oil and gas sector. As reported by ‘ThisDay’, NNPCL emphasized that this repositioning comes amidst a volatile global energy landscape, exacerbated by the geopolitical […]Read More

Minister of Power apologies to Nigerians for recent nationwide electricity outages

Minister of Power apologies to Nigerians for recent nationwide electricity

March 24, 2026

The Minister of Power, Adebayo Adelabu, has extended a formal apology to Nigerians for the recent nationwide electricity outages, acknowledging the significant disruptions they have caused to households, businesses, schools, and industries. He characterized the situation as a temporary issue and addressed the nation during a press briefing in Abuja on Tuesday. In his remarks, […]Read More

Chevron, Parties Sign Agreement For Aseng Gas Monetization Project In Equatorial Guinea

Chevron, Parties Sign Agreement For Aseng Gas Monetization Project In

March 24, 2026

Noble Energy EG Ltd. (a Chevron company) with its co-venturers, and the government of Equatorial Guinea have signed agreements for the Aseng Gas Monetization Project.  The execution of the agreements is subject to relevant approvals and is a critical milestone towards the approval and implementation of the project, a statement has said.  Speaking on the […]Read More

Indian Refiners Remain Wary of Iranian Oil Despite U.S. Waivers

Indian Refiners Remain Wary of Iranian Oil Despite U.S. Waivers

March 24, 2026

India, the world’s third-largest importer of crude oil, is showing little enthusiasm for resuming purchases of Iranian crude, even after the United States issued a temporary waiver easing sanctions. According to sources familiar with the matter, Indian state refiners are hesitating due to ongoing concerns about shipping logistics, insurance coverage, and payment mechanisms, Bloomberg reported […]Read More

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