Jun 27, 2025 France’s TotalEnergies is in advanced talks to sell its shale oil assets in Argentina, with at least two suitors having submitted bids, according to sources familiar with the matter. The move aligns with CEO Patrick Pouyanné’s earlier statement that the company would consider divesting its stakes at the right price. While Total […]Read More
Jun 26, 2025 The United States ( U.S. ) has lifted a restriction on exports of ethane, a petrochemical feedstock, to China, but only under certain conditions, Reuters has reported, citing an unnamed source and a letter sent by the government to the two largest exporters, Energy Transfer, and Enterprise Products. China is the largest importer […]Read More
Jun 26, 2025 Shell said on Thursday it hasn’t actively considered an offer for BP and has no intention of making such a bid, after a media report earlier this week rekindled speculation about a giant energy tie-up of the two UK-based rivals. On Wednesday, BP shares jumped by nearly 7% before paring the bulk of those gains after The […]Read More
June 25,2026 Crude oil inventories in the United States fell by 5.8 million barrels during the week ending June 20, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The drop brings commercial stockpiles to 415.1 million barrels, roughly 11% below the five-year average for this time of year. Crude […]Read More
Jun 24, 2025 LNG shipping costs have surged to the highest in eight months as shipowners assess Middle East risks and hold off chartering vessels, reducing available ships, while price signals in Asia are favoring cargoes going to the Pacific market. Both the Atlantic and Pacific freight rates jumped on Monday to their highest levels […]Read More
The Nigerian National Petroleum Company Limited (NNPCL), said it is expanding clean energy access nationwide with additional Compressed Natural Gas (CNG) stations in Abuja, Ibadan, and Abeokuta. The stations are part of a broader initiative to promote the adoption of CNG as a cleaner and more affordable alternative to traditional fuels like petrol. “We are […]Read More
The prices of oil rose on Wednesday, June 18, 2025, extending a 4% gain from the previous session on worries that the Iran-Israel conflict could disturb supplies. Brent crude futures rose 26 cents, or 0.3%, to $76.71 a barrel by 0440 GMT, while U.S. West Texas Intermediate crude futures rose 35 cents, or 0.5%, to […]Read More
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has warned that the Dangote Refinery’s forward integration strategy could lead to monopoly and loss of jobs. This is predicated on the statement that Dangote refinery would begin the nationwide distribution of diesel and petrol nationwide come August 15, 2025 PETROAN’s National Public Relations Officer, […]Read More
The Association of Local Distributors of Gas (ALDG) marked a significant milestone to promote activities in the downstream natural gas distribution value chain by successfully hosting its inaugural Business Forum on June 3, 2025, at the Petroleum Technology Development Fund (PTDF) Tower in Abuja. The landmark event brought together key stakeholders from Nigeria’s gas distribution […]Read More
In a remarkable demonstration of Delta State’s growing reputation as a business-friendly environment, Governor Sheriff Oborevwori has officially commissioned a new fuel station in Asaba, established by Virgin Forest Energy. Represented by the Commissioner for Special Duties, Government House, Asaba, Dr. Ifeanyi Osuoza, the Governor extended warm congratulations and reaffirmed the State government’s commitment to […]Read More
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