• February 26, 2026
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NUPRC Announces February 27 Deadline for Registration and Applications for 2025 Licensing Round

NUPRC Announces February 27 Deadline for Registration and Applications for

February 26, 2026

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

Saudi Arabia Boosting Oil Output In Anticipation of U.S. Attacks On Iran

Saudi Arabia Boosting Oil Output In Anticipation of U.S. Attacks

February 26, 2026

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

OPEC+ To Consider Oil Output Hike By 137,000 bpd For April

OPEC+ To Consider Oil Output Hike By 137,000 bpd For

February 25, 2026

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

Trump Slaps 126% Tariff on Indian Solar Panels in Escalating Trade Fight

Trump Slaps 126% Tariff on Indian Solar Panels in Escalating

February 25, 2026

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

Group seeks phased exit from JV, PSC deals following Tinubu’s executive order

Group seeks phased exit from JV, PSC deals following Tinubu’s

February 25, 2026

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

Chevron Moves to Acquire Lukoil’s Major West Qurna 2 Oilfield in Iraq

Chevron Moves to Acquire Lukoil’s Major West Qurna 2 Oilfield

February 23, 2026

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

Stakeholders To Examine Financing Options For Africa’s Energy Future At

February 23, 2026

The annual Aret Adams Memorial lecture, now in its 23rd iteration, is scheduled for the 27th of February, 2027, at the Muson Centre (Agip Recital Hall), Marina, Onikan, Lagos, commencing promptly at 11:00 AM. This year’s lecture theme is titled “The African Energy Bank: Financing Africa’s Energy Future.” Mr. Akin Jokojeje, the Programmes Manager of […]Read More

Tinubu Mourns passing of Former UBA Chairman, Chief Israel Ogbue

Tinubu Mourns passing of Former UBA Chairman, Chief Israel Ogbue

February 23, 2026

February 23, 2026 President Tinubu has commiserated with the family, friends, and associates of the late Chief Israel Ogbue, former Chairman of the United Bank for Africa (UBA), who passed away at the age of 99. With a distinguished career in the Federal Civil Service, the National Insurance Corporation (NICON), and NAL Merchant Bank, Chief […]Read More

Saudi Oil Exports to India Surge to Highest Level Since 2020

Saudi Oil Exports to India Surge to Highest Level Since

February 20, 2026

February 20, 2026 Saudi oil exports to India are on course to book the strongest month since 2020, according to data from Kpler cited by Bloomberg. India has been under intense pressure from the United States to stop importing crude from Russia, and while New Delhi has been wary of making any formal commitments, oil […]Read More

KEDCO Spending ₦500M to Boost Power Supply in Katsina

February 19, 2026

The Kano Electricity Distribution Plc. (KEDCO) is investing ₦500 million to revive the IBB Way Injection Substation and other critical power infrastructure in Katsina, in a strategic move aimed at boosting supply capacity, improving network stability, and delivering more reliable power to our customers in the Katsina city metropolis. Since the acquisition of KEDCO by […]Read More

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