Nigeria begins shipping a fresh crude grade next month. As Africa’s top OPEC oil maker, it seeks higher production, exports, and a bigger OPEC+ quota. The state oil firm NNPC launches Cawthorne, a sweet crude much like its main Bonny Light. A source close to the plan says the first shipment hits in March’s third […]Read More
February 24, 2026 Supertanker rates to ship crude oil on the key Middle East-to-China route have surged to a six-year high as Persian Gulf supply to India soars and traders rush shipments to precede a potential U.S. military campaign in Iran, industry data and sources tell Reuters. The daily rate for hiring a very large […]Read More
February 24, 2026 Italy’s Eni is poised to reach next month a final investment decision to develop two offshore gas fields in Indonesia, the head of the Southeast Asian country’s upstream regulator said on Tuesday.  Eni is set to approve in March the development of the Geng North and Gendalo-Gendang gas projects in the Kutei […]Read More
February 19, 2026 Following a 4% surge on Wednesday, oil prices advanced by another 1.6% in European trade early on Thursday to send Brent to above $71.50, the highest level in six months, as concerns about a U.S. military campaign in Iran intensified. The international benchmark, Brent Crude, was up by 1.71% at $71.55 in […]Read More
At the 20th Nigeria Oil and Gas Industry Games (NOGIG), which concluded Saturday in Abuja,NLNG was voted Overall Champion and Best Sports Company after a dominant demonstration of physical prowess and teamwork. Nigerian National Petroleum Company Limited (NNPCL), the reigning champion, finished second with 49 medals (14 gold, 15 silver, and 20 bronze), while Team […]Read More
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have reinforced their dedication to enhancing Nigeria’s investment landscape through improved inter-agency collaboration. This commitment was the central focus of discussions during a working visit by Dr. Dayo Mobereola, Director-General of NIMASA, to the NUPRC’s corporate headquarters in Abuja, […]Read More
February 12, 2026 Global oil demand is expected to rise by 850,000 barrels per day this year, the International Energy Agency (IEA) said on Thursday as it cut its growth estimate from 930,000 bpd expected last month.  All the 850,000 bpd growth this year is poised to come from developing economies, with China leading […]Read More
Seplat Energy Plc, a partner in a Joint Venture with NNPC Ltd and a key provider of natural gas to the NNPC Gas Infrastructure Company (NGIC) pipeline system, has initiated a planned maintenance operation on its gas production facilities from February 12 to February 15, 2026. This maintenance is part of routine procedures focused on […]Read More
The Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, has identified shared infrastructure, policy alignment, coordinated investment frameworks, cross-border knowledge and technology exchange, integrated gas market development, and sustained regional diplomacy among National Oil Companies (NOCs) as key pillars for securing Africa’s energy future. Ojulari disclosed this during a fireside chat with […]Read More
February 09, 2026 Indian refiners are still avoiding Russian oil as deals for delivery in April begin to be made, Reuters has reported, citing unnamed sources from the refining industry as well as traders. According to the report, the avoidance comes in anticipation of the trade deal between New Delhi and Washington, scheduled to be […]Read More
