March 10, 2026 Saudi Aramco reported net profits of $104.7 billion for 2025, down by 12% on the year amid persistently low oil prices last year. The company also said it would buy back up to $3 billion over the next 18 months. The company’s free cash flow at the end of 2025, however, was […]Read More
March 10, 2026 Crude oil imports into China climbed 15.8% over the first two months of the year, with the information likely to continue to a reversal of the recent decline in oil prices, signalling strong demand from the world’s largest importer. Per official data from Beijing, China imported crude oil at a daily rate […]Read More
Sahara Group has reinforced its Beyond Energy philosophy at the 2026 Entrepreneurship, Innovation and Business Certification (EIBIC) Programme hosted by the University of Lagos (UNILAG), calling on young Africans to move beyond conventional entrepreneurship and actively design solutions to the continent’s most pressing energy and development challenges. Now in its third year, the EIBIC Programme […]Read More
Mar 06, 2026 Oil prices surged again on Friday, putting crude on track for its biggest weekly gain in years as disruptions to Middle East supply and tanker traffic through the Strait of Hormuz rattle global energy markets. Brent crude was trading above $88 per barrel in early trading, up more than 4% on the […]Read More
… imagined effects on Nigeria’s oil and consumers An LNG market crisis, such as the March 2026 disruption in Qatari supplies, creates immediate global price shocks, intensified Asia-Europe competition for cargo, and severe shipping bottlenecks. It threatens to significantly increase energy costs, force fuel switching, and trigger supply shortages in import-dependent regions, similar to the […]Read More
Mar 05, 2026 Shell and Kazakhstan have signed an agreement for oil and gas exploration in the Zhanaturmys block in western Kazakhstan, the Kazakh Energy Ministry said on Thursday. The agreement – signed by Kazakhstan’s Deputy Energy Minister Yerlan Akbarov and Suzanne Coogan, Senior Vice President and Country Chair at Shell Kazakhstan – entails seismic […]Read More
Mar 05, 2026 The global LNG shipping market has turned sharply higher in recent days, with charter rates for modern LNG carriers surging from roughly $40,000 last week to around $300,000 per day as traders scramble to secure vessels amid escalating disruption in the Middle East. According to shipbroker Fearnleys’ latest weekly LNG report, cited […]Read More
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
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