April 4, 2026 The Labour Party’s 2023 presidential candidate, Peter Obi, has called on Nigerians not to re-elect President Bola Tinubu in the upcoming 2027 general election, over what he described as failure to fulfill a 2023 campaign promise to improve power supply if elected. He made a call in a statement posted on his […]Read More
April 03, 2026 China plans to phase out some of its outdated petrochemical plants by 2029 and upgrade others, under new directives issued by the authorities on Friday. The Chinese authorities will review which facilities will be upgraded and which will be closed, using lists of outdated petrochemical plants compiled by local governments in recent […]Read More
April 03, 2026 President Donald Trump said Friday the United States could reopen the Strait of Hormuz and “take the oil and make a fortune,” framing control of the world’s most critical energy chokepoint as both a strategic and economic opportunity. The Strait carries roughly 20% of global oil supply. Traffic through the waterway has […]Read More
April 03, 2026 Operations at the Habshan gas facilities, the biggest gas processing site in the United Arab Emirates, were suspended early on Friday following a fire that erupted after an attack, Abu Dhabi Media Office said. The Habshan onshore facilities are part of one of the world’s largest gas processing plants, which is operated […]Read More
April 3, 2026 Nigeria’s daily oil output has soared to 1.84 million barrels in recent days, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed. He expressed his satisfaction, noting, “It is encouraging to hear that production has reached 1.84 million barrels per day. This is excellent progress and aligns perfectly with President Bola Tinubu’s directive.” […]Read More
Adeleye Falade has officially assumed office as the Managing Director and Chief Executive Officer of NLNG. He took up the role on Wednesday at the company’s Corporate Head Office in Port Harcourt, succeeding Philip Mshelbila, who was recently appointed Secretary-General of the Gas Exporting Countries Forum (GECF). General Manager, External Relations and Sustainable Development, Sophia […]Read More
April 02, 2026 Crude oil price moved higher today, adding some 5% from Wednesday, following President Donald Trump’s address to the nation, in which he said the United States would continue attacking Iran. Brent crude was trading at $107.49 per barrel at the time of writing, up by over 6% from Wednesday. WTI was up […]Read More
April 02, 2026 India on Thursday temporarily abolished the import tax on 40 key petrochemicals to provide relief to a range of industries as domestic petrochemical output is now diverted to the production of liquefied petroleum gas (LPG), the primary cooking fuel in the country. India’s Ministry of Finance said today it is providing full […]Read More
April 2, 2026 President Bola Ahmed Tinubu, GCFR, has appointed Professor Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF). He replaces Ahmed Galadima Aminu, who recently resigned to participate in the 2027 governorship election in Adamawa State. President Tinubu has also renewed Engineer Sule Ahmed Abdulaziz’s appointment as the […]Read More
April 01, 2026 BP’s new chief executive officer Meg O’Neill has pledged consistency and clear direction in her first message to staff as she takes over the top job at the UK-based supermajor effective April 1, amid very turbulent times for both the company and the energy industry. “I’m committed to providing clear direction and […]Read More
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