March 29, 2026 The ongoing Middle East conflict has upended global energy markets, cutting off supplies of approximately 8 million barrels of crude per day and 20% of liquefied natural gas (LNG). Brent crude has surged more than 50% to around $110/bbl since the conflict erupted in late February, while the U.S. stock market has […]Read More
ESSO Exploration and Production Nigeria Limited (EEPNL) an ExxonMobil affiliate, has commenced the development of a permanent Shore Base facility at the Lagos Deep Offshore Logistics Base (LADOL). LADOL is building the purpose‑built Shore Base facility, with full funding support from EEPNL as a long‑term investment under a Logistics Base Contract. When completed, the facility […]Read More
March 19, 2026 President Bola Tinubu on Thursday said Nigeria and the United Kingdom must build on their longstanding relationship by strengthening trade ties and expanding mutually beneficial economic cooperation. President Tinubu met with United Kingdom Prime Minister Sir Keir Starmer at Downing Street, where the two countries agreed on a deal to refurbish two […]Read More
March 09, 2026 The Middle East war and the resulting production halt at the world’s second-largest LNG exporter, Qatar, are erasing the projected glut of the fuel that was expected before the region was set on fire, according to Morgan Stanley. Qatar’s state energy firm QatarEnergy last week halted LNG production at its Ras Laffan […]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
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
February 09, 2026 A US-Central Asia business forum highlighted a significant, US government-backed $1.1 billion deal for California-based Cove Capital to develop two tungsten deposits in Kazakhstan, representing the first major American venture into the region’s critical minerals sector. The deal is intended to challenge China’s control of over 80 percent of the world tungsten […]Read More
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has started a turnaround maintenance project on its Bonga Floating Production Storage and Offloading (FPSO) vessel. This initiative is part of a commitment to statutory and integrity assurance, with the goal of extending the operational life of this key facility. Ronald Adams, Managing Director of SNEPCo, shared, […]Read More
January 22, 2026 President Bola Ahmed Tinubu has approved thegazetting of targeted, investment-linked incentives to support the proposed Bonga South West deep-offshore oil project by Shell and its partners. The President also directed the Special Adviser to the President on Energy, Mrs. Olu Verheijen, to facilitate the gazette of the incentives in line with Nigeria’s […]Read More
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