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In the News

  • In the News

    Angola’s ASSEA Partners with AOG 2024 to Boost Oil Industry

    by Adenike Adeodun July 29, 2024
    by Adenike Adeodun July 29, 2024

    Angola’s ASSEA partners with AOG 2024 to enhance local content and foster global partnerships in the oil and gas sector.

  • In the News

    Oil Prices Rise Amid Middle East Tensions

    by Motoni Olodun July 29, 2024
    by Motoni Olodun July 29, 2024

    Oil prices rise due to escalating Middle East tensions, with concerns over supply disruptions driving Brent crude above $85 per barrel. Analysts watch closely for further developments.

  • In the News

    Oil Prices Drop 1.5% Amid China Demand Concerns

    by Victor Adetimilehin July 29, 2024
    by Victor Adetimilehin July 29, 2024

    Oil prices dropped 1.5% due to declining Chinese demand and potential easing of Middle East tensions, with Brent and WTI crude ending the week lower.

  • In the News

    Baker Hughes Cuts North America Outlook, Banks on Global Growth

    by Victor Adetimilehin July 28, 2024
    by Victor Adetimilehin July 28, 2024

    Baker Hughes cuts North American spending outlook due to reduced drilling activity but raises full-year revenue forecasts, banking on robust international growth and gas equipment demand.

  • In the News

    Eskom Pushes for Regulatory Changes Allowing Multiple Suppliers in One Area

    by Ikeoluwa Juliana Ogungbangbe July 27, 2024
    by Ikeoluwa Juliana Ogungbangbe July 27, 2024

    Eskom pushes for regulatory changes to allow multiple suppliers in one area, promoting competition and efficiency in South Africa’s energy sector.

  • In the News

    Cape Town: Golden Arrow Secures 120 Electric Buses from BYD

    by Ikeoluwa Juliana Ogungbangbe July 26, 2024
    by Ikeoluwa Juliana Ogungbangbe July 26, 2024

    Golden Arrow secures 120 electric buses from BYD, marking a significant step towards fleet electrification and renewable energy goals in Cape Town.

  • In the News

    Shoprite Group Rolls Out Electricity Wheeling at a Third Site

    by Ikeoluwa Juliana Ogungbangbe July 26, 2024
    by Ikeoluwa Juliana Ogungbangbe July 26, 2024

    Shoprite embraces renewable energy with electricity wheeling at its Brackenfell office, marking progress towards its carbon-neutral goals.

  • In the News

    IEA Reports Stable Global Coal Demand Amid Rising Electricity Needs

    by Adenike Adeodun July 26, 2024
    by Adenike Adeodun July 26, 2024

    Despite the rise of renewables, global coal demand remains stable due to surging electricity needs, reports the International Energy Agency (IEA).

  • In the News

    Oil Prices Inch Up Amid Strong US GDP Data and Asia’s Economic Concerns

    by Motoni Olodun July 26, 2024
    by Motoni Olodun July 26, 2024

    Oil prices rise slightly on robust US GDP growth, but concerns over Asia’s economic outlook limit gains. The market balances optimism with caution amid uncertainties.

  • In the News

    Mexican Crude Output Decline Threatens Energy Independence Dream

    by Victor Adetimilehin July 26, 2024
    by Victor Adetimilehin July 26, 2024

    Mexico’s incoming President Claudia Sheinbaum is set to confront a significant challenge: fulfilling the dream of energy independence amidst declining domestic crude supply. Despite being a major crude producer, Mexico’s …

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Nigeria’s Oil Boom: Record Production in September 2023

Nigeria’s oil output climbs to 1.459 million bpd but still misses OPEC target
NNPC Remits N14.7 Trillion to Government, Posts N5.76 Trillion Profit in 2025

Latest Stories

Nigeria’s oil output climbs to 1.459 million bpd but...
NNPC Remits N14.7 Trillion to Government, Posts N5.76 Trillion...
NNPC Warns of Temporary Gas Supply Cut to Power...

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