November 28, 2025 Oil prices were headed for a fourth consecutive monthly loss early on Friday as a data center glitch forced CME Group to halt trading in futures and options, disrupting oil futures trades as well as equities, bonds, and foreign exchange. “Due to a cooling issue at CyrusOne data centers, our markets are […]Read More
November 27, 2025 The Nigerian National Petroleum Company (NNPC) and its partner, Heirs Energies, have successfully doubled natural gas production at a key oil block, OML 17, as part of a broader strategy to boost domestic supply and ease the country’s electricity shortages. The increase comes from the OML 17 oil and gas field, operated by Heirs […]Read More
The NNPC/Renaissance Joint Venture (JV) has donated the sum of Three Hundred Thousand US Dollars ($300,000) to the National Hospital, Abuja, for the maintenance of the hospital’s cancer treatment machine. The state-of-the-art Linear Accelerator (LINAC) Radiotherapy Machine was donated by the JV in 2019 under its Corporate Social Responsibility (CSR) project which encompassed enhancement of […]Read More
November 25, 2025 Italy’s Eni has signed an agreement to acquire a 50% stake and operatorship of Uruguay’s offshore exploration block OFF-5 from Argentine state energy firm YPF, marking a new phase in the companies’ strategic partnership across the Southern Cone. The deepwater block, which spans roughly 17,000 square kilometers about 200 kilometers off the Uruguayan coast, […]Read More
November 26, 2025 Energean plc (LSE: ENOG) reported a 35% quarter-on-quarter jump in third-quarter output and confirmed it remains on track to meet its 2025 production targets, despite a turbulent geopolitical backdrop and a temporary shutdown of its Israeli operations earlier this year. It averaged 151,000 boe/d in the first nine months of 2025 and generated $828 […]Read More
November 25, 2025 Oil prices recovered slightly in early Asian trading on Wednesday after falling to one-month lows in Tuesday’s session. Sentiment in markets remains bearish, with traders focused on a potential peace deal between Ukraine and Russia. At the time of writing, Brent crude was trading at around $62.72 a barrel while West Texas Intermediate was changing hands […]Read More
Seplat Energy has reaffirmed confidence in its capacity to broaden crude production with asset expansion in line with its growth forecast agenda in Nigeria. Demonstrating this capability, Seplat showcased its portfolio of Nigerian offshore assets at the Wider African Energy Summit in Aberdeen on Tuesday, emphasizing opportunities for North Sea service companies to bring their […]Read More
The world is projected to fall significantly short of its methane reduction commitment under the Global Methane Pledge, with current national plans capable of delivering only an 8 percent reduction by 2030 compared to 2020 levels, far below the 30 percent target endorsed by 159 countries and the European Union, according to the first Global […]Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has in the past 10 months given approval to major field development plan valued at about $20 billion. The Commission said the milestones reflect the stability and renewed confidence in Nigeria’s upstream sector. The Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, while speaking […]Read More
November 18, 2025 LNG carrier rates for the Atlantic route between the U.S. and Europe have surged close to a two-year high on strong demand for American liquefied gas as Europe fills up its storage ahead of winter. The spot rate hit $98,250 per day on Monday, Bloomberg reports, which was a 19% increase and the […]Read More
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