February 03, 2026 Equatorial Guinea has signed a Heads of Agreement with Chevron to finance a major expansion of state participation in the Aseng Gas Project, marking a strategic step in the country’s broader gas monetization strategy. Under the agreement, national oil company GEPetrol will increase its stake in the Chevron-operated Aseng project in Block […]Read More
Dangote refinery has reaffirmed its ability to supply fuel volumes well above the nation’s estimated needs, set at around 50 million litres daily. In addition to the 75 million litres of Premium Motor Spirit (PMS), Dangote Petroleum Refinery can also provide 25 million litres of Automotive Gas Oil (AGO), compared to an estimated daily demand […]Read More
January 07, 2026 Four key Opec+ producers have pledged to deepen their compensation cuts in the first half of 2026 as the organization looks to improve compliance amid oversupplied oil markets. The UAE, Iraq, Kazakhstan and Oman will implement output cuts totaling 829,000 barrels per day by June, three times higher than their previous pledge. Kazakhstan will […]Read More
January 5, 2026 President Bola Tinubu has written two letters to the Senate, seeking confirmation of 21 nominees for the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In the first letter, President Tinubu nominated Senator Magnus Abe to serve as the NUPRC board […]Read More
January 02, 2026 Despite the public spat between two of OPEC’s top producers, Saudi Arabia and the United Arab Emirates (UAE), the wider OPEC+ group is expected to confirm at a Sunday meeting that it would hold output steady through the first quarter of 2026, delegates from the alliance told Reuters on Friday. In recent days, OPEC’s […]Read More
December 31, 2025 NNPC Limited has announce the successful restoration of the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State. ”Following the unexpected explosion on December 10, 2025, we immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with multidisciplinary teams to ensure the damaged section was repaired, pressure-tested, and safely recommissioned. […]Read More
December 29, 2025 Chevron has unloaded Venezuelan crude oil at U.S. ports under its existing Treasury licence, according to a Bloomberg report on Monday, even as U.S. enforcement actions disrupt other Venezuelan export routes and tighten pressure on unauthorised shipments. Bloomberg did not disclose the number of cargoes involved or the timing of the deliveries. The arrivals […]Read More
December 25, 2025 Heritage Energy Operational Services Limited, operators of Oil Mining Lease 30, on Tuesday signalled a turnaround in the asset’s fortunes, declaring that years of behind-the-scenes restructuring, investment and governance reforms are now translating into rising production, stronger reserves and improved stakeholder confidence. Speaking at a media stakeholders’ engagement in Lagos, the General […]Read More
December 22, 2025 Russia is expected to deliver 25% higher volumes of natural gas via pipeline to China this year, compared to 2024, an anonymous source with knowledge of the flows told Reuters on Monday. Russia has been boosting both its pipeline and liquefied natural gas (LNG) exports to China this year, as its sales are being […]Read More
December 18, 2025 U.S. natural gas futures have reversed their recent decline, climbing more than 3% on Thursday to trade above $4 per MMBtu thanks to near-record flows of natural gas to LNG export plants. Gas deliveries to the eight major U.S. LNG facilities have averaged 18.6 Bcf/d so far this month, above November’s average at 18.2 […]Read More
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