Jul 14, 2025 Freight rates for Russian Urals Crude oil from Baltic ports to India have dipped again in July, falling to $5.0–$5.3 million per Aframax shipment—down from $5.5–$5.7 million in June—as more tankers become available. But traders warn: don’t get too comfortable. A new round of EU sanctions and a pending statement from Donald […]Read More
July 13, 2025 Sahara Energy Resource Limited (Isle of Man) (“Sahara”) is pleased to announce the successful closing of a USD 225 million unsecured, committed Revolving Credit Facility (RCF). The facility was significantly oversubscribed, underscoring the confidence of the international financial community in Sahara’s business model, performance, and strategic vision of bringing energy to life […]Read More
Former President Muhammadu Buhari is dead. He died today, Sunday, July 13 in London. His spokesman, Garba Shehu, announced this afternoon. “INNA LILLAHI WA INNA ILAIHIRRAJIUUN. “The family of the former president has announced the passing on of the former president, Muhammadu Buhari, this afternoon in a clinic in London.“May Allah accept him in Aljannatul […]Read More
July 11, 2025 The Office of the Vice President has noted with serious concern the gross misrepresentation of remarks made by His Excellency, Senator Kashim Shettima, Vice President of the Federal Republic of Nigeria, during the public presentation of the book “OPL 245: The Inside Story of the $1.3 Billion Oil Block” by Mohammed Bello […]Read More
Lagos, Nigeria – July 11, 2025 Asharami Square, energy experts and government functionaries unanimously affirmed natural gas as Africa’s transformational fuel for bridging energy and powering industrialisation. It was asserted during the second edition of Sahara Group’s thought leadership forum. The forum which held today in Lagos, Nigeria highlighted Gas as the bridge between energy […]Read More
Managing Director and CEO of Renaissance Africa Energy Company Limited, Tony Attah, has called for a review of the Petroleum Industry Act (PIA) to align with current economic and sector realities. Speaking on the theme “Nigeria Oil and Gas: From Reforms to Recovery,” at the 2025 BusinessDay Annual CEO Nigeria Forum held in Lagos on […]Read More
Contrary to fake news circulating online, President Bola Ahmed Tinubu has never stopped issuing 5-year multiple-entry visas for US citizens, in accordance with the principle of subsisting bilateral agreements and reciprocity. Immediately after assuming office, President Tinubu’s administration issued a service-wide directive that Nigeria implement all bilateral agreements with other nations and adhere to the […]Read More
July 08, 2025 Africa’s upstream oil and gas sector is undergoing a transformative shift. In recent years, majors have scaled back their exposure to mature, non-core assets across the continent, opening the door for a new wave of regional independents, traders, and non-African national oil companies (NOCs) to step in as consolidators and value creators. […]Read More
TotalEnergies is taking a bold step in supporting Nigeria’s energy goals with the Ubeta gas field project in the OML 58 onshore license in Nigeria, now in its execution phase. The project is set to deliver a plateau of around 70,000 barrels of oil equivalent per day including condensates, a significant contribution to Nigeria’s gas […]Read More
…Hosts Sensitisation Talkshop On Contract Financing Unveiling New Initiatives To Strengthen Nigerian Content. The Nigerian Content Development and Monitoring Board (NCDMB) has launched a sensitisation campaign aimed at educating contractors and stakeholders on the Nigerian Content Compliance Certificate (NCCC) system. The NCCC system is a key regulatory tool for ensuring compliance in the oil and […]Read More
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