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Trump demands oil firms to invest more to recover Venezuelan assets
Ziggy Ojiegbe U.S. oil companies that lost assets to Venezuela’s nationalizations decades ago may get help recovering them — but only if they agree to reinvest heavily in the country’s battered oil industry. Officials in the Trump administration have told…
Prices enters 2026 bearish despite U.S. siege on Venezuela’s shadow oil fleet
Sopuruchi Onwuka U.S. authorities are intensifying enforcement against Venezuela’s oil exports as global crude prices post their steepest annual decline since the pandemic era. Oil prices fell sharply in 2025, with ICE Brent crude ending the year at $60.85 a…
Japa: Death tolls on Mediterranean routes amplify the cost of diaspora remittances
By Sopuruchi Onwuka More than 3,000 African migrants died in the Mediterranean Sea in 2025 while attempting dangerous crossings into Europe, according to a new report by Spanish NGO Caminando Fronteras. The report highlights the desperation that pushes young skilled…
Heirs Energies stakes $500m on 20.07% Seplat equity
Buys Out Maurel & Prom Sopuruchi Onwuka Heirs Energies has declared that it has acquired a 20.07 percent equity stake in Seplat Energy Plc, strengthening indigenous ownership in Nigeria’s largest independent energy company. The indigenous integrated energy firm announced on…
Jake Riley Academy hosts government-supported skills training program
Jake Riley Limited, a capacity-building and training organization in Nigeria’s oil and gas sector, is hosting a Self-Reliance Fast Skills Training Program at the Jake Riley Academy in Lagos with support from the Nigerian Content Development and Monitoring Board (NCDMB)….
New collaboration with Elon Musk aims to make Israel global AI leader
Global technology entrepreneur Elon Musk is working toward a collaboration agreement with the State of Israel to advance artificial intelligence (AI) and autonomous vehicle technology, a move expected to strengthen Israel’s position as a global leader in the sector. According…
NCDMB flaunts funding, mentorship in 2025/2026 innovation challenge
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to supporting innovation in the oil and gas sector through funding, mentorship, and business development opportunities for participants in its 2025/2026 Research, Innovation and Technology Challenge….
The IPPG blueprint behind petroleum reforms, NNPC’s shift from JV positions
Seplat, Oando may welcome new partners Sopuruchi Onwuka The ongoing plans by the Nigeria’s national oil company, NNPC Limited, to divest significant equity in several oil blocks in early 2026 as part of an overall strategy proposition developed by leading…
Eyesan pledges transparency, efficiency at NUPRC
Sopuruchi Onwuka The new Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has pledged to entrench digitization, transparency, and operational efficiency as the cornerstone of her leadership. Mrs. Eyesan who held her first town…
Another year closes with fuel price drop
* Dangote’s price cuts face implementation challenges Sopuruchi Onwuka The domestic fuel market is set to end 2026 with slight fall in the prices of transportation fuels, especially the premium motor spirit popularly called petrol which fires cars and light…
