NNPC Ltd Launches Cawthorne Crude onto Global Market

…Exports First Cargo to Netherlands, Reinforcing Production Growth, Export Diversification Strategy The Nigerian National Petroleum Company (NNPC) Limited, has commenced export of its new crude grade – Cawthorne, marking a significant milestone in the Company’s drive to increase Nigeria’s crude oil production and expand its portfolio of globally competitive export streams. Cawthorne blend crude, the […]Read More

Shell Expects ‘Significantly Higher’ Oil Trading Profits in Q1

April 08, 2026, 8:30 Shell expects its adjusted earnings in marketing and oil trading for the first quarter to be “significantly higher”, the UK-based supermajor said in a trading update on Wednesday in a preview for the Q1 earnings.  Shell, which will publish its first-quarter results on May 7, sees marketing adjusted earnings significantly higher […]Read More

Dangote Refinery’s crude oil supply doubles, marking significant boost in

…Rising import costs are exerting pressure on profit margins The Dangote Refinery, Africa’s largest, doubled its intake of Nigerian crude oil in March, receiving 10 cargoes compared to just five in February. This increase is aimed at bolstering Nigeria’s fuel supply in light of the global crude and refined product shortages triggered by the ongoing […]Read More

Tinubu Unveils Investment in Modern Law Enforcement Systems during National

April 7, 2026 President Bola Ahmed Tinubu has disclosed plans to deepen investment in police training, intelligence gathering, and modern law enforcement systems, as part of a broader plan to transform the Nigeria Police Force (NPF) into a world-class institution. He said the Nigerian state owes a permanent moral duty to empower its security agencies, […]Read More

OPEC Commits to Boost Output Once Hormuz Reopens

April 06, 2026 OPEC on Sunday agreed to boost oil production by another 206,000 barrels daily, which will be theoretical only as production in the Middle East remains constrained by the Strait of Hormuz crisis. The move was expected, with reports saying the eight OPEC members that are managing their production stand ready to start […]Read More

REA disburses N9.006bn for seven mini-grid projects from REA–Lotus Bank

The Rural Electrification Agency (REA), in its latest disbursement of funds for renewable energy projects nationwide, has allocated N7.95 billion to Havenhill to support the procurement of critical equipment for four mini-grid projects spanning Taraba, Kwara, and Kogi States. Similarly, N1.056 billion was released to Faraday & Otstred Limited for mini-grid deployments across three sites […]Read More

Trump Says US Could ‘Take the Oil’ in Hormuz Push

April 03, 2026 President Donald Trump said Friday the United States could reopen the Strait of Hormuz and “take the oil and make a fortune,” framing control of the world’s most critical energy chokepoint as both a strategic and economic opportunity. The Strait carries roughly 20% of global oil supply. Traffic through the waterway has […]Read More

Nigeria’s daily oil production surged to 1.84 million barrels.

April 3, 2026 Nigeria’s daily oil output has soared to 1.84 million barrels in recent days, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed. He expressed his satisfaction, noting, “It is encouraging to hear that production has reached 1.84 million barrels per day. This is excellent progress and aligns perfectly with President Bola Tinubu’s directive.” […]Read More

China Resells Record LNG Volumes as Global Gas Crunch Bites

April 01, 2026 Since the start of the Middle East war, China has been reselling record volumes of LNG to other Asian buyers as its own demand has been tepid and stocks and gas supplies sufficient. In March alone, China resold up to 10 cargoes of LNG—a record-high for any month ever, according to data […]Read More

BP’s New CEO Pledges Consistency as Company Tries to Rebuild

April 01, 2026 BP’s new chief executive officer Meg O’Neill has pledged consistency and clear direction in her first message to staff as she takes over the top job at the UK-based supermajor effective April 1, amid very turbulent times for both the company and the energy industry. “I’m committed to providing clear direction and […]Read More

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