In the News

KEY POINTS Qatar has confirmed that one of the two production trains at Shell’s Pearl gas-to-liquids (GTL) plant will remain offline for at least one year after sustaining damage from …

KEY POINTS Chevron has agreed to sell its stakes in two offshore oil blocks in Angola to Energean in a deal valued at $260 million, marking another step in the …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has commenced an investigation into a gas bubbling incident reported in the Bille community of Rivers State, raising concerns over public …

KEY POINTS The Transmission Company of Nigeria (TCN) confirmed that Tower T99 along the Ughelli–Benin 330kV line collapsed because of vandals on March 15, 2026. The incident occurred in Coconut …

KEY POINTS The International Monetary Fund, IMF, has raised concerns that a sustained surge in global energy prices could drive inflation higher and weaken economic growth worldwide. The warning comes …

KEY POINTS Nigeria is grappling with the fallout of a fresh global oil shock as crude prices climb above $100 per barrel, intensifying fears of stagflation across major economies. The …

KEY POINTS Energy economist Wumi Iledare has urged the Federal Government to focus on ensuring steady fuel supply rather than controlling prices, warning that global oil disruption, sespecially from the …

KEY POINTS Nigeria’s external trade profile experienced a significant shift in 2025, as the Dangote Petroleum Refinery imported crude oil worth $3.74 billion, according to the Central Bank of Nigeria …

KEY POINTS The United States has eased sanctions on Venezuela’s state-owned oil company, Petróleos de Venezuela, in a move aimed at increasing global oil supply. The decision was announced by …

KEY POINTS Residents and businesses in Lagos, particularly in the Amuwo-Odofin area, may experience a prolonged blackout lasting up to four months due to planned maintenance on a 132kV substation. …