The Management staff of Nigerian Content Development and Monitoring Board (NCDMB) and Seplat Energy Plc met earlier during this week with principal officers of the Delta State University (DELSU), at Abraka, Delta State, to deliberate on critical processes toward the take-off of a Centre of Excellence in Gas Development, approved for the institution by the […]Read More
The Nigeria Liquefied Natural Gas (NLNG) has disbursed ₦250 million in grants to 51 entrepreneurs following the conclusion of its 2026 Vocational Innovation and Business Empowerment Scheme (VIBES), which commenced with the induction of 103 participants from its host communities in Rivers State. The grants followed a competitive pitch-a-thon that brought the programme to a […]Read More
April 15, 2026 An analysis by The Guardian has revealed that the world’s largest Oil & Gas companies, as well as major oil producers such as Saudi Arabia and Russia, will make an extra $234 billion in windfall profits by the end of the year if oil prices continue to average $100 per barrel. According […]Read More
April 14, 2026 IEA-Just as oil prices on the futures market slip again on hopes for a quick end to the war in the Middle East, the head of the International Energy Agency issued a warning: prices are going to go higher yet. “Prices are already high, but they are not reflecting the severity of […]Read More
AOW:Energy: Nigeria’s onshore, swamp, and shallow-water basins remain among the most technically rich and commercially attractive in Africa; it could even be argued, in the world. The momentum we are seeing around interest in marginal fields, mature assets, and brownfield redevelopment reflects a significant shift in how nations and investors are approaching upstream value creation. […]Read More
April 14, 2026 BP expects to have booked an “exceptional” oil trading result for the first quarter of 2026, amid the extreme volatility in prices since the war in the Middle East began. The UK-based supermajor said on Tuesday in a trading statement that its exceptional oil trading result would compare with weak trading profits […]Read More
April 14, 2026 Saudi Arabia is pressing the United States to lift its blockade on Iranian ports, the Wall Street Journal reported, citing unnamed “Arab officials”. Riyadh’s concern, per the report, is that the blockade could push Iran to further escalation instead of negotiations, and could result in the closure of the Bab el-Mandeb Strait […]Read More
April 13, 2026 UK-based supermajor BP has agreed to buy 60% in three offshore exploration blocks in Namibia as part of its ongoing strategy to grow its upstream portfolio. The company will buy from Canada-based Eco Atlantic Oil & Gas a majority 60% stake in each of the PEL97, PEL99, and PEL100 exploration blocks offshore […]Read More
April 13 2026 Key Points President Donald Trump ordered a naval blockade of the Strait of Hormuz on Sunday, dimming hopes for a quick end to the conflict in the Middle East and escalating a standoff with Iran that has already triggered the worst energy shock in history. The blockade would take effect at 10 a.m. […]Read More
Sahara Group has urged African governments, investors and industry leaders to accelerate intra African investment as a critical lever for industrialisation, stressing that the continent’s growth challenge is no longer about ideas or endowment, but about execution at scale. Speaking at the African Refiners and Distributors Association (ARDA) Week, currently underway in Cape Town, Temitope […]Read More
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