Dangote Cement Plc (DCP), a subsidiary of Dangote Industries Limited, at the weekend in Lagos signed a landmark agreement with Sinoma International Engineering for the construction of 12 new projects and expansion of others across Africa. The landmark agreement, with an estimated investment of over $1 billion, reinforces the Company’s long-term growth strategy and aligns […]Read More
February 27, 2026 Economists and oil market analysts have hiked their oil price forecasts for 2026 amid rising geopolitical tensions and heightened war premium due to the U.S.-Iran standoff. Both crude oil benchmarks are now expected to average above $60 per barrel this year, with price forecasts higher by about $1.50 per barrel compared to […]Read More
February 26, 2026 Sonangol is seeking stakes and footprints in the development of critical minerals domestically, Sebastiao Gaspar Martins, the chief executive of Angola’s state-held oil company, has said. Sonangol on Wednesday reported slightly lower net profit for 2025 compared to 2024, but the company wants to capitalize on the critical minerals momentum. Sonangol has […]Read More
The Federal Government has set up a Steering Committee and a Joint Technical Working Group (JTWG) to facilitate the creation of the National Gas Infrastructure Command Centre (NGCC), a centralized digital system designed to enhance transparency, collaboration, and operational effectiveness throughout Nigeria’s gas value chain. Endorsed by President Bola Ahmed Tinubu and enabled by the […]Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that the period for registration and the submission of applications for the Pre-Qualification phase of the Nigeria 2025 Licensing Round will officially end at 4:30 p.m. on Friday, February 27, 2026. As stated by the NUPRC, this deadline adheres strictly to Section 11.2 of the Guidelines […]Read More
February 25, 2026 Saudi Arabia has started to increase its oil output as part of a contingency plan in the event the United States attacks Iran and oil flows are disrupted, Reuters reported on Wednesday, as OPEC’s biggest oil producer positions itself as a “reliable supplier” looking to take up its traditional role as a […]Read More
Feb 25, 2026 OPEC+ is likely to consider increasing oil output by 137,000 barrels per day (bpd) for April 2026, ending a three-month pause in hikes as they prepare for peak summer demand and navigate market share strategies, Bloomberg reported on Wednesday ahead of a scheduled cartel meeting on March 1.  The group had previously […]Read More
February 25, 2026 President Trump announced a massive new tariff hit on India, saying imports of solar panels to the United States would be subject to tariffs of 126%. The move was motivated by the discovery that India was subsidizing its solar panel industry at the same rate of 126%. Laos and Indonesia were also […]Read More
A group, the Oil and Gas Governance Practice Group, has urged the Federal Government to ensure a structured withdrawal from Joint Venture (JV) and Production Sharing Contract (PSC) arrangements with International Oil Companies. Mr Olisa Agbakoba, a renowned lawyer made the call on Monday in a submission he signed on behalf of the group, through […]Read More
February 23, 2026 Chevron has signed a preliminary deal with Iraq’s Basra Oil Company to discuss the potential sale of the giant Iraqi oilfield West Qurna 2, formerly operated by Russia’s Lukoil, to the U.S. supermajor. The preliminary agreement, signed on Monday, allows exchange of confidential data and could lead to exclusive talks for Chevron […]Read More
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