December 18, 2025 Norway ramped up its pipeline gas exports, Qatar raised its LNG supply, and the United States saw LNG exports hit a record high in October, just as demand in the northern hemisphere started to grow with the fall in temperatures. Global gas demand jumped by 12 bcm in October compared to September, […]Read More
December 17, 2025 BP plc has announced a major leadership transition, naming Meg O’Neill as its next chief executive officer, effective April 1, 2026, as the company looks to accelerate strategic and financial performance under new leadership. O’Neill, currently CEO of Australia’s Woodside Energy, will take over from Murray Auchincloss, who is stepping down as CEO and […]Read More
December 17, 2025 President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the […]Read More
December 17, 2025 Oil prices should improve next year, driven by healthy demand, TotalEnergies’ chief executive Patrick Pouyanne told Bloomberg, noting that a supply response from OPEC will also likely contribute to the rebalancing of oil markets. “Demand continues to grow,” Pouyanne said. “I trust also OPEC countries to manage the situation” in case oil prices fall […]Read More
Dec 15, 2025 Key crude prices in the Middle East have dropped to their weakest level against the Brent benchmark in two months, signaling oversupplied markets as output from both the Middle East and the Americas rises amid tepid demand. The premium of Abu Dhabi’s flagship Murban grade over Brent, the international benchmark, has narrowed in recent […]Read More
December 15, 2025 The European Union on Monday slapped sanctions on nine entities and individuals for supporting Russia’s shadow fleet moving oil, as the bloc seeks to further restrict Moscow’s ability to generate revenues from energy exports. The Council of the EU sanctioned five individuals and four entities responsible for supporting Russia’s shadow fleet and its value […]Read More
Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL, proudly participated in award ceremony of the 2025 Awokoya Memorial Chemistry Competition held at the PTI Conference Centre, Effurun. The event featured representatives of the Delta State Ministry of Education, the Chemical Society of Nigeria (CSN), […]Read More
Emmanuel Nlewedum, Port Harcourt The Nigeria National Petroleum Corporation Limited (NNPCL) has set its targeted crude oil production for 2026 at over two million barrels per day. Engr. Akponime Omojevwhe, Head Field Operations, Eastern Corridor, Project Monitoring Office (PMO NNPCL) made the disclosure at the monthly stakeholders meeting with host communities of the Trans Niger […]Read More
December 12, 2025 Nigeria’s Heirs Energies and the Nigerian National Petroleum Company Limited (NNPC Ltd.) said on Wednesday they had signed agreements with five investors to capture and monetise gas that would otherwise be wasted through flaring, where the fuel is burned in the open. It holds Africa’s largest proven gas reserves and is betting […]Read More
The Dngote Refinery has announced again sliced down of petrol price by 15.58% from ₦828 to ₦699 per litre, effective December 11, 2025. The latest adjustment marks about the 20th price review this year, reinforcing the refinery’s aggressive pricing strategy as the festive travel season intensifies across Nigeria. The reduction in price is not due to yuletide period as insinuated but […]Read More
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