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Global oil supply now up by 2.5 mbd in 2025 __Rystad
Sopuruchi Onwuka Supply of crude oil in the global petroleum market is on the rise by 370,000 barrels per day (370kbd) significant 2.5 million barrels per day (2.5 mbd) in 2025, stoking the fears of oversupply and pull on prices…
Putin quenches Trump’s fire in the oil market
Sopuruchi Onwuka All the market sentiments and related price movements associated with high stake peace meeting between President Donald Trump of the United States and Russian President Vladimir Putin went cold after the American president came from the meeting without…
More oil coming to market as global 2P reserves hit 1.5 trillion barrels
Global 1P reserves grow by 5Bbbls A total of 1.572 trillion barrels produced in past 124 years Sopuruchi Onwuka The world is not really coming to the end of petroleum consumption as more exploration and production investments achieve significant reserves…
Nigeria now better positioned to attract oil and gas financing _ Tony Attah
As Renaissance wins NAPE 2025 awards Sopuruchi Onwuka Managing Director and Chief Executive Officer of Renaissance Africa Energy Company Limited, Mr. Tony Attah, has stated that Nigerian players in the oil and gas industry are now better positioned, than in…
EIA sees steep fall in oil price as supply growth looms
Sopuruchi Onwuka, with agency reports Prices for global reference crude oil grades in the international markets are destined for sharp decline as oilfield technology and efficient operations translate to cheaper and higher volumes of the commodity, according to the latest…
NLNG demands de-risked gas supply infrastructure, sustainable investments
Sopuruchi Onwuka Africa’s leading liquefied natural gas company, the Nigeria LNG Limited, has restated its proposition for deliberate measures that build synergies for securing the country’s gas value chain and overcoming challenges to stabilize gas supply. Managing Director, Philip Mshelbila,…
Chevron pledges enduring value for Nigeria
Sopuruchi Onwuka American multinational energy major, Chevron, has declared renewed commitment to unlocking Nigeria’s full energy potential and delivering lasting value to its people. Chairman and Managing Director, Jim Swartz, also told visiting Minister of State for Petroleum Resources (Oil),…
Nigeria pledges unwavering support for WAPCo
Sopuruchi Onwuka Federal government has restated its support for the West African Gas Pipeline Company (WAPCo) as part of the broader collaboration towards achieving energy security and facilitating industrial development of the region. The Oracle reports that the company runs…
NCDMB asks African oil service providers to play niches
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) urged oil-producing countries to develop their competencies to the right specifications with which to specialise in different manufacturing and service niches in providing services for the petroleum industry. Executive Secretary,…
Seplat holds entrepreneurship training for 50 Lagos journalists
Following the successful first session of the Seplat Energy Annual Media Training Programme in Lagos, the Company has concluded the second leg of the training in Lagos, reaffirming its continuous commitment to media excellence and entrepreneurship. The training session brought…
