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FG in rush for more barrels as oil prices soar
Sopuruchi Onwuka Beyond prevailing pressure on operating companies to rapidly pump more barrels into the market to meet up with revenue aspirations projected in the 2026 fiscal plans, the upstream petroleum industry regulators are in sync to accelerate approval process…
FG authorizes SeaSeis for 3D seismic and gravity data acquisition
Sopuruchi Onwuka Nigeria’s petroleum rights administrator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has authorized SeaSeis Geophysical Limited to launch off seismic and gravity data acquisition offshore Niger Delta. The seismic campaign hosted in a Petroleum Exploration License (PEL) No….
NUPRC backs high-stakes upstream investment forum at AOW:Energy 2026
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has endorsed a new investment platform focused on Nigeria’s upstream oil and gas sector, set to take place during AOW:Energy 2026 later this year. Organisers say the Nigerian Upstream Investment Forum…
Trump floats $750bn deal as Europe scrambles for LNG supplies
Sopuruchi Onwuka Tensions in global energy markets are intensifying as the United States moves to secure a major long-term supply arrangement with the European Union, offering a package of deals that could reach $750 billion through 2028. The proposal, which…
South Africa–US relations worsen over G7 summit dispute
As France drops South Africa’s invite to G7 summit Frank Okon Tensions between United States and South Africa have escalated amid a diplomatic dispute linked to the upcoming G7 Leaders’ Summit in France. The strain follows reports that the administration…
Chevron, parties sign deal on E. Guinea’s Aseng gas monetization project
Sopuruchi Onwuka Chevron and its partners have signed key agreements with the government of Equatorial Guinea to advance the Aseng Gas Monetization Project, marking a significant step toward developing the country’s gas resources. The deal, signed by Noble Energy EG…
Fatona urges FG to diversify resources, build resilience amid energy volatility
Sopuruchi Onwuka Nigeria needs to strengthen its ability to withstand shocks in the global energy market by diversifying across oil, gas and mineral resources, according to Layi Fatona, chairman of Renaissance Africa Energy Company Limited. Speaking at the 61st Annual…
Goldman Sachs lifts oil outlook as Hormuz disruption reshapes global markets
Goldman Sachs has sharply raised its oil price outlook for 2026, pointing to the prolonged disruption in the Strait of Hormuz as a defining shock to global energy markets. The bank now expects Brent crude to average $85 per barrel…
Oil soars above $100/bbl over mix Iran war signals
Ziggy Ojiegbe Oil prices climbed sharply above $100 per barrel on March 24 as geopolitical tensions in the Middle East intensified, underscoring growing market anxiety despite signs of diplomatic engagement. The surge came just a day after the United States…
Nigeria’s Feb oil output slips amidst rising prices
Sopuruchi Onwuka Nigeria’s oil production edged lower in February, slipping to an average of 1.46 million barrels per day from 1.49 million in January, a decline of about 30,000 barrels per day. The drop comes at a time when global…
