Some time ago, the Chinese government offered to help Iran build its air defenses. The Tehran authorities rejected this offer. In a further snub to China, Iran turned over port management for Chabahar in southeastern Iran to India, instead of Chinese companies. Chabahar is close to the Pakistan port of Guadar on the Indian ocean, […]Read More
…Exports First Cargo to Netherlands, Reinforcing Production Growth, Export Diversification Strategy The Nigerian National Petroleum Company (NNPC) Limited, has commenced export of its new crude grade – Cawthorne, marking a significant milestone in the Company’s drive to increase Nigeria’s crude oil production and expand its portfolio of globally competitive export streams. Cawthorne blend crude, the […]Read More
April 08, 2026, 8:30 Shell expects its adjusted earnings in marketing and oil trading for the first quarter to be “significantly higher”, the UK-based supermajor said in a trading update on Wednesday in a preview for the Q1 earnings. Shell, which will publish its first-quarter results on May 7, sees marketing adjusted earnings significantly higher […]Read More
Nigeria’s oil and gas industry may be defined by production volumes, high-value investments, and policy direction, but a quieter, less visible force is increasingly being recognised as central to its survival and growth — indigenous service providers under the umbrella of the Petroleum Technology Association of Nigeria (PETAN). In a strong industry intervention, PETAN’s Publicity […]Read More
…Rising import costs are exerting pressure on profit margins The Dangote Refinery, Africa’s largest, doubled its intake of Nigerian crude oil in March, receiving 10 cargoes compared to just five in February. This increase is aimed at bolstering Nigeria’s fuel supply in light of the global crude and refined product shortages triggered by the ongoing […]Read More
April 07, 2026 U.S. and Israeli air strikes hit multiple locations across Iran, including infrastructure and the strategic Kharg Island, as an evening deadline from Washington for Tehran to agree to a deal to end the war approached with neither side signaling the intention to back down. Iranian media reported explosions across Tehran and the […]Read More
April 06, 2026 OPEC on Sunday agreed to boost oil production by another 206,000 barrels daily, which will be theoretical only as production in the Middle East remains constrained by the Strait of Hormuz crisis. The move was expected, with reports saying the eight OPEC members that are managing their production stand ready to start […]Read More
April 03, 2026 President Donald Trump said Friday the United States could reopen the Strait of Hormuz and “take the oil and make a fortune,” framing control of the world’s most critical energy chokepoint as both a strategic and economic opportunity. The Strait carries roughly 20% of global oil supply. Traffic through the waterway has […]Read More
April 03, 2026 Operations at the Habshan gas facilities, the biggest gas processing site in the United Arab Emirates, were suspended early on Friday following a fire that erupted after an attack, Abu Dhabi Media Office said. The Habshan onshore facilities are part of one of the world’s largest gas processing plants, which is operated […]Read More
April 3, 2026 Nigeria’s daily oil output has soared to 1.84 million barrels in recent days, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed. He expressed his satisfaction, noting, “It is encouraging to hear that production has reached 1.84 million barrels per day. This is excellent progress and aligns perfectly with President Bola Tinubu’s directive.” […]Read More
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