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
January 21, 2026 The world’s oil demand growth is set to rise by 930,000 barrels per day (bpd) in 2026, thanks to lower oil prices and a normalization of economies after the 2025 tariff chaos, the International Energy Agency (IEA) said on Wednesday, raising its demand growth estimate by 70,000 bpd from last month. Oil […]Read More
January 20, 2026 TotalEnergies expects higher oil and gas production and stronger refining margins in the fourth quarter to have offset a drop of more than $10 per barrel in oil prices, the French supermajor said on Tuesday. “Once again, despite a year?on?year decline of more than $10/b in oil prices, the cash flow from […]Read More
January 07, 2026 Four key Opec+ producers have pledged to deepen their compensation cuts in the first half of 2026 as the organization looks to improve compliance amid oversupplied oil markets. The UAE, Iraq, Kazakhstan and Oman will implement output cuts totaling 829,000 barrels per day by June, three times higher than their previous pledge. Kazakhstan will […]Read More
January 2, 2026 Manufacturing stakeholders, including the Manufacturers Association of Nigeria and the Centre for the Promotion of Private Enterprise, have projected that the country’s manufacturing sector will record a real growth of 3.1 per cent in 2026, with its contribution to real Gross Domestic Product rising to 10.2 per cent, provided key policy reforms […]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
Lagos, Nigeria December 10, 2025 The Sahara Group Foundation has unveiled the Sahara Community Impact Project (SCIP), a transformative initiative designed to foster sustainable, community-led entrepreneurship and economic growth across Africa. With over 2.18 million social enterprises generating $96 billion in annual revenue and creating at least 12 million jobs, according to the World Economic […]Read More
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