Feb 25, 2026 OPEC+ is likely to consider increasing oil output by 137,000 barrels per day (bpd) for April 2026, ending a three-month pause in hikes as they prepare for peak summer demand and navigate market share strategies, Bloomberg reported on Wednesday ahead of a scheduled cartel meeting on March 1.  The group had previously […]Read More
February 25, 2026 President Trump announced a massive new tariff hit on India, saying imports of solar panels to the United States would be subject to tariffs of 126%. The move was motivated by the discovery that India was subsidizing its solar panel industry at the same rate of 126%. Laos and Indonesia were also […]Read More
February 25, 2026 Shell and Greek energy and metals firm Metlen have signed a cooperation deal for LNG supply and trading, which would boost deliveries to Greek import terminals and supply to southern and central Europe. Metlen and the UK-based supermajor, which is the world’s top LNG trader, will supply and trade 0.5 to 1.0 […]Read More
February 25, 2026 Crude oil inventories in the United States increased by 16 million barrels during the week ending February 20, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 435.8 million barrels according to government data, which is still 3% below the five-year […]Read More
A group, the Oil and Gas Governance Practice Group, has urged the Federal Government to ensure a structured withdrawal from Joint Venture (JV) and Production Sharing Contract (PSC) arrangements with International Oil Companies. Mr Olisa Agbakoba, a renowned lawyer made the call on Monday in a submission he signed on behalf of the group, through […]Read More
Nigeria begins shipping a fresh crude grade next month. As Africa’s top OPEC oil maker, it seeks higher production, exports, and a bigger OPEC+ quota. The state oil firm NNPC launches Cawthorne, a sweet crude much like its main Bonny Light. A source close to the plan says the first shipment hits in March’s third […]Read More
Nigeria’s push for electricity for all got a big lift. The Rural Electrification Agency (REA) signed a key Memorandum of Understanding (MoU) with Lotus Bank. This opens a N100 billion fund for renewable energy access. The deal sets up a clear plan for funding. It aims to close Nigeria’s energy gap. It speeds up power […]Read More
February 24, 2026 Supertanker rates to ship crude oil on the key Middle East-to-China route have surged to a six-year high as Persian Gulf supply to India soars and traders rush shipments to precede a potential U.S. military campaign in Iran, industry data and sources tell Reuters. The daily rate for hiring a very large […]Read More
February 24, 2026 Italy’s Eni is poised to reach next month a final investment decision to develop two offshore gas fields in Indonesia, the head of the Southeast Asian country’s upstream regulator said on Tuesday.  Eni is set to approve in March the development of the Geng North and Gendalo-Gendang gas projects in the Kutei […]Read More
TotalEnergies showcased a remarkable performance at the 20th Nigeria Oil and Gas Industry Games (NOGIG 2026), placing fourth in the overall medals standings with five gold medals and ten bronze medals. This accomplishment signifies a notable advance compared to the firm’s sixth-place outcome at the 19th event held in 2024. The weeklong competition, which commenced […]Read More
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