…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
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
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
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
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
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
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
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
The technology, applied as a small additive during plastic production, remains stable during usage but activates when exposed to environmental elements such as heat, air, and ultraviolet light. Once triggered, it breaks down plastic into a biodegradable substance that is consumed by microorganisms, leaving only carbon dioxide, water, and biomass. Importantly, the solution is designed […]Read More
March 31, 2026 Chevron’s Wheatstone LNG plant offshore Australia has suffered “extensive damage” from a cyclone that recently passed through Australia. The two liquefaction trains at the facility remain shut, Reuters quoted Chevron’s Australian director of operations and maintenance as saying. “We have a number of fin fans or air-cooled heat exchangers that sustained some […]Read More
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