Shell Nigeria Exploration and Production Company Limited (SNEPCo) and the Nigerian National Petroleum Company Limited (NNPC) last week donated an Endobronchial Ultrasound (EBUS) system and a Body Plethysmograph to the University of Lagos Teaching Hospital (LUTH), enabling one of Nigeria’s foremost health institutions to provide advanced diagnostics in pulmonary or respiratory care. The EBUS system […]Read More
April 09, 2026 The state refiner of Taiwan and commodity trading giant Glencore have each booked a tanker to travel to the Middle East and load oil, in a sign that crude customers are hoping for a re-opening of the Strait of Hormuz after the announcement of the U.S.-Iran ceasefire. CPC, Taiwan’s state refiner, has […]Read More
April 09, 2026 India’s Oil Minister Hardeep Puri is visiting Qatar on Thursday and Friday as India seeks to secure LNG and liquefied petroleum gas (LPG) supply amid the fragile U.S.-Iran ceasefire. Puri will be on an official visit to the State of Qatar on April 9-10, 2026, India’s Ministry of Petroleum and Natural Gas […]Read More
…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
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
April 07, 2026, 2:30 PM CDT Oil prices pulled back on Tuesday while physical crude markets surged to record highs, with traders taking a breather even as the underlying supply crisis worsens. WTI crude was trading at $113.7, up modestly on the day, while Brent slipped to $109.2, reflecting a cooling in futures after a […]Read More
Nigeria’s oil and gas industry may be defined by production volumes, high-value investments, and policy direction, but a quieter, less visible force is increasingly being recognised as central to its survival and growth — indigenous service providers under the umbrella of the Petroleum Technology Association of Nigeria (PETAN). In a strong industry intervention, PETAN’s Publicity […]Read More
…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 07, 2026 U.S. and Israeli air strikes hit multiple locations across Iran, including infrastructure and the strategic Kharg Island, as an evening deadline from Washington for Tehran to agree to a deal to end the war approached with neither side signaling the intention to back down. Iranian media reported explosions across Tehran and the […]Read More
April 06, 2026 The key Russian oil export terminal at Novorossiysk was on fire early on Monday following an overnight drone attack, as Ukraine intensifies strikes on Russia’s oil infrastructure to reduce its export capabilities amid surging oil prices. The attack comes as another of Russia’s ports, Ust-Luga, resumed oil loadings after multiple days of […]Read More
