September 12, 2025 Crude oil prices were on course to end the week with a decline, as the latest prediction of softening demand growth reinforced bearish moods among traders. The prediction came from the International Energy Agency, which said in its latest monthly oil report that it expected oil demand this year to grow by 750,000 barrels […]Read More
September 10, 2025 Crude oil price climbed in early trading on Wednesday following the news of an Israeli attack against Hamas leaders in Doha, Qatar, along with reports that President Donald Trump had asked the European Union to slap a 100% tariff on China and India to make them stop buying Russian crude. At the […]Read More
*As Masters Energy Group President, Uche Ogah to be Conference Chairman *Maiden NAEC Industry Awards to be unveiled NAEC: On Thursday October 9, 2025, high profile stakeholders in the Nigerian oil & gas, power, mines, steel and solid minerals sectors including ministers, regulators, and operators will converge at Eko Hotel Lagos for the ANNUAL NAEC […]Read More
September 08, 2025 Chevron plans to invest heavily in petrochemicals and heavy oil upgrading in South Korea as part of a global strategy to pursue a balanced downstream portfolio, Brant Fish, president of International Products at the U.S. supermajor, said on Monday. “There’ll be places like Korea where we go investment heavy in petrochemicals and […]Read More
Sep 05, 2025, Tight supply of uranium could interfere with global plans for a boost in nuclear generation capacity growth, the World Nuclear Association has warned. According to the industry body, global uranium demand is set to increase by over 30% to 86,000 tons over the next four years, further rising to 150,000 tons by […]Read More
03 September 2025 China-based Huaxin Cement delivered a one-two combo this week by first announcing that it had completed its acquisition of Lafarge Africa from Holcim and then revealing plans to amalgamate all of its overseas businesses into a single subsidiary. The first action feeds into the second but it’s a big move for the […]Read More
6th August 2025 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has proposed fresh rules on the safe decommissioning of filling stations, sparking opposition from retail outlet owners in the downstream sector. The draft regulation, currently undergoing public scrutiny at the Stakeholders’ Consultation Forum on the Proposed Midstream and Downstream Petroleum Safety and Environmental […]Read More
Lagos, Nigeria, July 28, 2025: Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL, confirms that it is aware of media reports alleging an ongoing spill in CNL’s Berth Offshore Platform (“BOP”) impacting communities in Ilaje Local Government Area of Ondo State in CNL’s western operations […]Read More
In order to further strengthen the relationship between Nigeria and USA, the Mayor of Houston, Mayor John Whitmire has called for direct flights between Nigeria and Houston as well as opening a Nigeria Consulate in the state. This was the highlight of the meeting between Hon. Abike Dabiri-Erewa, Chairman/CEO Nigerians in Diaspora Commission and Mayor […]Read More
ExxonMobil has appointed Mr. Jagir Baxi as Chairman and Managing Director, and Lead Country Manager, of its affiliates in Nigeria, including Esso Exploration and Production Nigeria Limited and Esso Exploration and Production Nigeria (Offshore East) Limited, succeeding Mr. Shane Haris. Jagir brings a wealth of experience and proven leadership to his new role, where he […]Read More
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