May 05, 2026 Chemical: Hyper-industrial-scale plastic production has become an industrial-scale health, environmental, and remediation problem. It is challenging to put a dollar figure on burying ourselves alive. The damage appears to have no endpoint. The UNDP estimates that up to $600 billion in environmental damage and ecosystem losses so far, but that figure fails […]Read More
May 04, 2026 A Russian tanker carrying crude from Sakhalin Island is set to arrive in Japan today in the latest sign energy-strapped importers are intent on securing any supply they can find, even from sanctioned suppliers. In fairness, the Sakhalin-2 project has been exempted from sanctions precisely because of the importance of this source […]Read More
May 04, 2026 Elevated oil prices for a sustained period of time would tip the global economy into a recession, Moody’s Analytics’ head of international economics, Gaurav Ganguly, told CNBC, pegging the game-changing price at $125 per barrel of Brent crude. If prices go that high and stay that high long enough, the world will […]Read More
May 04, 2026 The Iranian Armed Forces on Monday warned the U.S. it would attack forces that intend to approach or enter the Strait of Hormuz, after U.S. President Donald Trump launched ‘Project Freedom’ to help escort vessels stranded in the Gulf out of the Middle East. President Trump on Sunday announced that “Project Freedom” […]Read More
May 01, 2026 Venezuela has signed agreements with two U.S. energy firms to operate in the country as a growing number of international oil and gas companies are vying to return to the world’s biggest crude resource holder. The Venezuelan government of interim President Delcy RodrÃguez has just signed agreements with U.S. firms Hunt Overseas […]Read More
May 01, 2026 Crude oil prices may have retreated from the highs reached on Thursday, but they are still set for a strong weekly gain. At the time of writing, Brent crude was trading at 112.10 per barrel, and West Texas Intermediate was trading at 106.30, with the gap between the two benchmarks shrinking once […]Read More
May 01, 2026 TotalEnergies will keep its fuel prices in France capped for as long as the Middle East crisis lasts, the French supermajor said, extending the policy first introduced two weeks into the conflict. TotalEnergies is capping the price of gasoline and diesel at its stations in France to protect consumers from the “exceptional […]Read More
The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in the expansion of Nigeria’s national gas transmission network. The successful crossing unlocks the full potential of the OB3 Pipeline, a strategic infrastructure designed […]Read More
The Central Bank of Nigeria(CBN) has announced a new set of guidelines governing the Bank Verification Number (BVN) system, set to take effect from May 1, 2026, as part of efforts to enhance financial security and combat fraud across the banking sector. Olayemi Michael Cardoso, Governor of the Central Bank of Nigeria (CBN), In a […]Read More
Seplat Energy Plc has declared $840.7 million gross revenue in its unaudited results for the for the first quarter 2026 (January-March), representing a 4% increase from $809.3 million recorded same period last year. The oil firm also grew its profit after tax (PAT) to $37.9 million, while declaring US 9.0 Cents total dividend per share […]Read More
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