Mar 02, 2026 Saudi Arabia shut its largest domestic oil refinery on Monday after a drone strike, as a widening cycle of attacks across the Middle East forced precautionary shutdowns at key oil and gas facilities from Iraqi Kurdistan to offshore Israel, tightening regional supply and sending crude prices sharply higher. State oil giant Saudi […]Read More
Mar 02, 2026 Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered a temporary suspension of production on security grounds, marking the second time in less than a year that hostilities with Iran have disrupted Eastern Mediterranean gas flows. Israel’s energy ministry directed operator Chevron to shut in Leviathan […]Read More
Mar 02, 2026 The price of key petroleum fuels soared on Monday as markets opened after the Iran conflict escalated over the weekend, with the jump in diesel futures prices outpacing the surge in crude prices as supply from the Middle East is in disarray.   Gasoil, or diesel, faces the most acute risk to […]Read More
Dangote Cement Plc (DCP), a subsidiary of Dangote Industries Limited, at the weekend in Lagos signed a landmark agreement with Sinoma International Engineering for the construction of 12 new projects and expansion of others across Africa. The landmark agreement, with an estimated investment of over $1 billion, reinforces the Company’s long-term growth strategy and aligns […]Read More
A cutting-edge Clinical Skills and Simulation Laboratory, comprehensively outfitted by the Nigerian Content Development and Monitoring Board (NCDMB), was inaugurated on Friday at the Bayelsa Medical University (BMU), Yenagoa, with the objective of positioning the institution to conform to international standards in medical education, and “enhancing local capacity within Bayelsa State and Nigeria as a […]Read More
The Managing Director of Zamam Offshore Services Limited, Mr Oluwole Asalu, has called for stronger financing frameworks, deliberate infrastructure investment, and accelerated technology adoption to unlock Nigeria’s domestic gas potential. He made this call during a panel session at Lagos Energy Week on Wednesday, February 18, 2026. Speaking during the session titled “Advancing Domestic Gas […]Read More
Aradel Holdings Plc, Nigeria’s leading integrated indigenous energy company, has successfully attained the ISO 45001:2018 certification for its Occupational Health and Safety Management System, reinforcing the Company’s steadfast commitment to operational excellence and workplace safety. ISO 45001:2018 is an internationally recognised standard that specifies the requirements for an occupational health and safety management system. It […]Read More
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
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