Shell Nigeria Exploration and Production Company Limited (SNEPCo) has started a turnaround maintenance project on its Bonga Floating Production Storage and Offloading (FPSO) vessel. This initiative is part of a commitment to statutory and integrity assurance, with the goal of extending the operational life of this key facility. Ronald Adams, Managing Director of SNEPCo, shared, […]Read More
January 30, 2026 The OPEC+ group is expected to maintain its oil production policy unchanged this weekend and affirm a pause in output hikes in March even as Brent Crude prices hit $70 per barrel this week for the first time in five months, delegates from the alliance told Reuters on Friday. The OPEC+ group […]Read More
January 30, 2026 Venezuelan legislators have voted for an updated oil industry law that the country’s leadership hopes will bring in much-needed foreign investment to reverse a decline resulting from mismanagement and U.S. sanctions. Acting President Delcy Rodriguez signed the new law late on Thursday, the AP reported, hours after the parliament voted in favor […]Read More
Dangote refinery has reaffirmed its ability to supply fuel volumes well above the nation’s estimated needs, set at around 50 million litres daily. In addition to the 75 million litres of Premium Motor Spirit (PMS), Dangote Petroleum Refinery can also provide 25 million litres of Automotive Gas Oil (AGO), compared to an estimated daily demand […]Read More
January 28, 2026 Nigeria offered investors oil blocks near its northeastern border, where a conflict with Islamist insurgents has been ongoing for decades. Out of 50 oil blocks in the latest bidding round offered by Africa’s top crude producer, four are in the Lake Chad basin, the Nigerian Upstream Petroleum Regulatory Commission told investors on […]Read More
Jan 29, 2026 Africa is set to dominate high-impact exploration in 2026, accounting for roughly 40% of planned wells, driven by ultra-deepwater Atlantic margin plays. Operators are increasingly prioritizing frontier and capital-intensive prospects to secure large, long-life resources as mature basins deliver diminishing returns. North America’s exploration outlook remains constrained, underscoring a broader global pivot […]Read More
January 28, 2026 UK-based supermajors Shell and BP are seeking U.S. licenses to develop gas fields that Trinidad and Tobago shares with Venezuela, the Caribbean island’s Energy Minister Roodal Moonilal said on Wednesday. BP and Shell have sought to develop two separate cross-border gas fields in Venezuelan and Trinidad and Tobago waters, but progress has […]Read More
January 28, 2026 India is on track to import record-high volumes of crude oil and condensate in January as refiners boost non-Russian purchases to replace barrels lost to U.S. sanctions, energy flow tracking firm Vortexa said in a report on Wednesday India’s crude and condensate imports will likely hit 5.2 million barrels per day (bpd) […]Read More
January 27, 2026 Venezuela expects fresh oil investments of some $1.4 billion this year, which would be up from $900 million last year, interim president Delcy Rodriguez said, as quoted by Reuters. The investments will come from production-sharing agreements, the report noted, which are currently being discussed by the Venezuelan government and oil companies as part of […]Read More
The Nigerian National Petroleum Company Limited (NNPC Ltd) has congratulated Chevron Nigeria Limited (CNL), operator of the NNPC Ltd/CNL Joint Venture, on the successful completion of the Awodi-07 appraisal and exploration well located in the shallow offshore western Niger Delta. The Awodi-07 well was drilled as part of the Joint Venture’s ongoing efforts to further […]Read More
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