December 05, 2025 Digital innovation is rapidly emerging as a defining force for the oilfield services (OFS) sector as it adapts to changing market conditions, creating opportunities for steady, long-term growth. Rystad Energy predicts that in the next five years, the oil and gas industry could save more than $320 billion by further digitalizing operations […]Read More
The Federal Government has approved the payment of N185bn in outstanding debts owed to natural gas suppliers in a move aimed at easing liquidity constraints in the sector and improving electricity generation nationwide The significant milestone was achieved as President Bola Ahmed Tinubu made strategic moves to promote upstream gas development and enhance gas-to-power generation. The […]Read More
December 02, 2025 Nigeria has tendered 50 oil and gas blocks, eyeing $10 billion in new investments over the next ten years and 400,000 barrels daily in additional production capacity, local media report. The blocks on offer include 15 offshore deposits, 19 frontier fields, and one deepwater block, the head of the Nigerian Upstream Petroleum Regulatory […]Read More
... Urges Ndi Anambra to attract generation investors The South East Electricity Consumers Association (SEECA) has praised Governor Charles Chukwuma Soludo of Anambra State for his administration’s commitment to protecting the rights of electricity consumers in the state, especially following the recent actualisation of the transfer of regulatory oversight of the electricity market to the […]Read More
… seeks legislative backing for Nigeria First Policy President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has no justification for importing crude or refined petroleum products if existing laws are properly enforced. Speaking during a visit by the South South Development Commission (SSDC) […]Read More
December 01, 2025 Iraq’s Khor Mor gas field, the country’s largest non-associated gas field, has resumed operations after it shut down following a recent drone attack. Last week, a rocket struck a storage tank at the Khor Mor site, stopping production and triggering widespread power outages. The drone attack was one of the largest since terrorist […]Read More
November 28, 2025 Oil prices were headed for a fourth consecutive monthly loss early on Friday as a data center glitch forced CME Group to halt trading in futures and options, disrupting oil futures trades as well as equities, bonds, and foreign exchange. “Due to a cooling issue at CyrusOne data centers, our markets are […]Read More
November 28, 2025 Brazil’s energy major Petrobras has revised its spending plans for the next five years, prompted by the steady and persistent decline in oil prices. The company now plans to spend 2% less than previously expected over the period between 2026 and 2030. Petrobras will also pay less dividend, Reuters reported, citing the company’s […]Read More
November 26, 2025 Venture Global has accused Shell of trying to damage its business by waging a “campaign” against it over the past three years, the Financial Times has reported, citing an internal message that Venture Global’s owners sent out to staff. “[Shell’s] action relies on completely baseless claims and is an unfortunate continuation of their […]Read More
November 23, 2025 Lenders and industry leaders have raised concerns that the high-risk legacy debts of Distribution Companies ,DisCos, and unclear regulatory frameworks are significant barriers to the financing and development of new grid-connected power projects in Nigeria. Speaking during panel sessions at the recently held Lagos Chamber of Commerce and Industry ,LCCI, Power Conference […]Read More
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