November 13, 2025 Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 at 11:01 a.m. ET, as traders reassessed the latest OPEC shift toward a more balanced 2026 market outlook. The passage of the U.S. funding deal that ended the government shutdown removed one macro problem, […]Read More
Speaking at the opening ceremony of the 43rd Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference & Exhibition in Lagos, the Chief Operating Officer, Seplat Energy, Samson Ezugworie, said that the nation must increase oil production — not just to boost national revenues and reduce current shortfall to meet its budgetary needs, but also […]Read More
11 November 2025 The total number of metered customers in Nigeria rose to 6,579,818 in August this year, improving the metering rate nationwide to 55.01 per cent, according to the latest data from the Nigerian Electricity Regulatory Commission (NERC) However, the numbers showed that while more households were supplied the measuring devices by the Distribution […]Read More
November 13, 2025 French Big Oil major TotalEnergies is considering a divestment from some wind and solar power assets in Asia to reduce its debt load, Bloomberg reported today, citing unnamed sources. A potential sale could fetch several hundred million dollars, the sources told the publication. TotalEnergies is currently gauging potential buyer interest with advisers, they also […]Read More
November 12, 2025 Namibia, the southwestern African country that has become an exploration hotspot for the supermajors, is moving to consolidate control over the oil resources and nascent industry under the president’s office. The government has proposed an amendment to the country’s Petroleum Act, Defense and Veterans Affairs Minister Frans Kapofi, who is also acting Minister of […]Read More
SAIPEC 2026: The Sub-Saharan Africa International Petroleum Exhibition and Conference will return to the Eko Convention Centre in Lagos from 10-12 February 2026, marking the 10th edition of Africa’s largest energy, oil, and gas event. For a decade, SAIPEC has been at the heart of the energy sector, uniting stakeholders from across Sub-Saharan Africa to […]Read More
November 10, 2025 Dual-listed Nigerian independent, Seplat Energy PLC, said it has been awarded the ISO 45001:2018 certification in line with its strides towards operational excellence and employee wellbeing. The certification, it said in a statement yesterday was officially presented to the company at its headquarters in Lagos by officials of Bureau Veritas (VS). Seplat Energy informed […]Read More
November 07, 2025 Japan will start buying liquefied natural gas for an emergency reserve from January next year, Reuters has reported, citing two unnamed sources from the country’s trade and industry ministry. The purchases aim to boost Japan’s Strategic Buffer LNG program at a monthly rate of at least 70,000 tons, the sources told Reuters, for […]Read More
The African Energy Chamber (AEC) is urging global financiers and policymakers to prioritize pragmatic, deal-ready investment over ideology. On November 21 in Johannesburg, the G20 Africa Energy Investment Forum, hosted by the AEC, will bring together G20 governments, institutional investors and African energy stakeholders to channel global capital toward Africa’s most urgent energy and infrastructure […]Read More
Femi Otedola, the Chairman of First Bank of Nigeria, has described the implementation of the 15 percent import tariff on petroleum products by President Bola Tinubu as “bold and decisive”. The businessman, in a post, Otedola said the policy was crucial to securing and sustaining investments in the downstream sector. He wrote: “I commend President […]Read More
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