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
oil-and-gas~offshore|oil-and-gas:Oil and Gas
Solid minerals
Why U.S. is Scrambling for Central Asian Critical Minerals
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
Oil and Gas
oil-and-gas~offshore|oil-and-gas:Oil and Gas
SNEPCo Kicks Off Turnaround Maintenance at Bonga
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
oil-and-gas~offshore|oil-and-gas:Oil and Gas
Uncategorized
Tinubu approves targeted incentives to unlock jobs, FX inflows from
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
December 26, 2025 Russia’s crude oil production this year will remain unchanged from the previous year at some 516 million tons, Deputy Prime Minister Alexander Novak said today, adding that in 2026, oil production should rise to 525 million tons, Interfax cited the official as saying. The 2025 total is equal to around 10.36 million barrels daily, […]Read More
oil-and-gas~offshore|oil-and-gas:Oil and Gas
Israel-Egypt Natural Gas Deal ‘Purely Commercial,’ Says Cairo
December 18, 2025 Israel’s agreement to supply Egypt with 130 billion cubic meters of natural gas worth $35 billion through 2040 has been approved after pressure from Washington, with Egypt emphasizing the deal is “purely commercial,” according to Egypt’s State Information Service, adding that the deal was struck by private energy companies with zero government […]Read More
oil-and-gas~offshore|oil-and-gas:Oil and Gas
EU Targets Russia’s Oil Shadow Fleet With New Sanctions
December 15, 2025 The European Union on Monday slapped sanctions on nine entities and individuals for supporting Russia’s shadow fleet moving oil, as the bloc seeks to further restrict Moscow’s ability to generate revenues from energy exports.   The Council of the EU sanctioned five individuals and four entities responsible for supporting Russia’s shadow fleet and its value […]Read More
December 04, 2025 The daily rates for chartering a vessel to transport commodities have surged this year, with oil tanker rates skyrocketing by 467%, as shippers of a growing commodity supply are grappling with a series of route disruptions and sanctions.  Despite the typically weaker commodity demand period toward the end of each year, the […]Read More
oil-and-gas~offshore|oil-and-gas:Oil and Gas
OPEC+ Holds Output Steady, Approves New Capacity Framework Through 2026
November 30, 2025 OPEC and its allies agreed on Sunday to keep oil output levels unchanged through the end of 2026, reaffirming their production control framework amid mounting concerns over a looming supply glut and weakening prices. The decision came at the 40th OPEC and non-OPEC Ministerial Meeting, where members endorsed a new mechanism to assess national […]Read More
