September 24, 2025 TechnipFMC has won a significant contract from Petrobras to supply subsea production systems, following a competitive bidding round. The award, valued between $75 million and $250 million, covers the design, engineering, and manufacturing of subsea equipment for Petrobras’ offshore portfolio. The systems will support both new greenfield projects and brownfield expansions, while […]Read More
September 23, 2025 China has received a sixth LNG cargo from Russia’s heavily sanctioned Arctic export project in a sign that the Chinese-Russian trade from Arctic LNG 2 has been flourishing in recent weeks despite U.S. and European sanctions on the project. The Arctic Mulan discharged its LNG cargo at the Chinese terminal of […]Read More
Indicators 2025: The Pennsylvania-New Jersey-Maryland (PJM), which coordinates the movement of electricity throughout its region, reports that there will be significant growth in electricity demand over the next 20 years. Summer electricity use is expected to triple, and winter demand is also expected to grow. PJM estimates that the current generating capacity will not meet […]Read More
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
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