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Iran war erases LNG glut fears as market shifts toward deficit
Attacks linked to the ongoing conflict involving Iran and disruptions to oil and gas production across the Middle East have rapidly changed the outlook for the global liquefied natural gas (LNG) market. Security concerns around shipping through the Strait of…
Dangote knocks off N100/l from petrol price as crude oil price drops
Sopuruchi Onwuka Nigeria’s dominant fuel producer, Dangote Petroleum Refinery says it has reduced gantry price for petrol and diesel by some N100 per liter even as the prices remain very high in the face if the prevailing oil supply crisis…
ExxonMobil’s Esso restates commitment to vendor diversification
WIEN decries low opportunity for women-led businesses Sopuruchi Onwuka ExxonMobil affiliate, Esso Exploration and Production Nigeria Ltd. (EEPNL) has restated its commitment to supplier diversity, inclusive sourcing, and local capacity development within Nigeria’s energy sector. The company which hosted a…
Energy sector should open leadership doors for women — Falcon CEO
Ziggy Ojiegbe The Chief Executive Officer of Falcon Corporation Limited, Audrey Joe-Ezigbo, has urged Nigeria’s energy industry to deepen its commitment to appointing women to top leadership positions, particularly across the gas value chain, as the sector marks International Women’s…
FG unveils GAMCO to unlock 1,600MW of stranded power
Sopuruchi Onwuka The Niger Delta Power Holding Company (NDPHC) Plc and other players in the Nigerian upstream power sector will soon find enhanced access to the high demand domestic electricity supply market following moves to establish a special purpose entity…
Asia’s EV Revolution Accelerates on Iran War Oil Shock
Ziggy Ojiegbe The shift from internal combustion engine vehicles to electric vehicles (EVs) across Asia is gaining fresh momentum as fuel prices surge following the war in Iran, which has rattled global oil markets. Southeast Asia, where the transition to…
UN seeks global rules for lithium, cobalt mining boom
Ziggy Ojiegbe The United Nations has called for fairness and sustainability in the global competition for critical minerals such as Lithium and Cobalt, which are essential for the transition to a low-carbon global economy. The issue is expected to take…
Outrage as Dynacom pushes tankers through dreaded Strait of Hormuz
Ziggy Ojiegbe Security analysts and maritime unions have expressed outrage after global shipping company Dynacom Tankers continued sending its vessels through the dangerous Strait of Hormuz despite threats from Iran to attack ships entering the waterway. The narrow maritime corridor,…
Fuel price jump looms as crude price hits $90/b on Strait of Hormuz closure
Sopuruchi Onwuka Nigerians should brace fuel price jumps as crude oil prices in the international market continues rise on the back of worsening military confrontations among parties and interests in the prevailing Iran war. Oracle Intelligence reports that crude oil…
Airlines resume cautious flights amidst Middle East airspace risks
Virgin Atlantic has become the latest airline to resume operations from the United Arab Emirates, operating its first flight to London Heathrow since regional airspace closures began following the escalation of the US-Israel conflict with Iran. The British carrier’s scheduled…
