Jul 28, 2025 Talks between Iran and the European Troika (France, Germany, UK) over the weekend, initiated under U.S. guidance, aimed to gauge Iran’s willingness to revive the JCPOA before an October 18 EU deadline for reimposing snapback sanctions. Europe is increasingly aligned with Washington’s harder stance, citing Iran’s expanding military ties with Russia and […]Read More
Nigeria’s ambitious gas industrialization drive has recorded a major milestone, as the Nigerian National Petroleum Company Limited, NNPCL, has announced a $3.5bn investment to develop key gas infrastructure projects in Akwa Ibom State. The announcement was made at the South-South Gas Utilisation Forum, where the Akwa Ibom State Government also signed a landmark Memorandum of […]Read More
Oil prices settled down on Monday by more than $1, as investors weighed new threats from U.S. President Donald Trump for sanctions on buyers of Russian oil that may affect global supplies, while still worried about Trump’s tariffs. Brent crude futures settled $1.15, or 1.63%, lower to $69.21 a barrel. U.S. West Texas Intermediate crude […]Read More
Jul 11, 2025 The crude oil market traded with sharp volatility this week as traders balanced OPEC+ production increases, renewed geopolitical risks, and the threat of U.S. tariffs against evidence of strong underlying demand. This interplay shaped price action, with the market testing downside levels but finding bids on signs that supply additions may be […]Read More
Jul 09, 2025 Global oil markets have been soaking up the additional barrels OPEC+ has been producing since the spring without inventory builds, suggesting that the market needed the higher supply, according to Suhail al-Mazrouei, the energy minister of one of OPEC’s top producers, the United Arab Emirates (UAE). “You can see that even with […]Read More
Jun 30, 2025 Crude oil prices began trading with a loss this week as traders anticipated another OPEC+ supply boost next month at a rate of 411,000 barrels per day, taking the cumulative increase this year to 1.78 million barrels daily, according to preliminary reports. At the time of writing, Brent crude was trading at $67.63 per barrel, […]Read More
The Nigerian Liquefied Natural Gas, NLNG, on Thursday, commissioned a state-of-the-art modern laboratory complex at Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH), reaffirming its commitment to improving access to quality healthcare across the country. NLNG’s Manager, Corporate Communication and Public Affairs, Mrs. Anne-Marie Palmer-Ikuku disclosed this in a statement made available to newsmen in Port […]Read More
Oilserv Limited, the contractor handling the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, says the pipeline has successfully crossed the River Niger, using the Horizontal Directional Drilling special technique, minimising environmental impact. Dr Emeka Okwuosa, Group Chief Executive Officer, Oilserv Limited, said this on Friday in Abuja during a chat with newsmen. While confirming the development, Okwuosa […]Read More
Jun 27, 2025 The total number of active drilling rigs for oil and gas in the United States U.S. fell yet again this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior. The total rig count in the US fell by 7 to 547 rigs, […]Read More
27, 2025 Shell and its partners have started up two subsea compressors to boost the recovery rate at the Ormen Lange natural gas field in the Norwegian Sea, the UK-based supermajor, which operates the field, said on Friday. Shell expects the compression stations to raise the gas recovery rate to 85% from the current 75%. The two […]Read More
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