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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…
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…
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…
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…
Oil and gas prices climb as Iran attacks Qatar LNG, oil tankers
Oil and gas prices surged Monday after Iranian drone strikes hit a major liquefied natural gas facility in Qatar and tankers halted transit through the Strait of Hormuz, escalating fears of a broader disruption to global energy supplies. QatarEnergy said…
OPEC+ adds barrels as Hormuz shipping impasse jolts oil markets
Sopuruchi Onwuka, with agency reports In response to the escalating shipping crisis at the Strait of Hormuz triggered by recent strikes on Iran, key members of the OPEC+ oil cartel have agreed to a modest increase in oil production, seeking…
NCDMB says capacity building targets full industry ecosystem
Builds health sector capacity with hi-tech equipment, simulators at BMU Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared that capacity building in the energy sector is conceived to create an enabling ecosystem that enhances optimization, operability…
WIEN, Women Affairs Ministry to collaborate on optimizing female capacity
Sopuruchi Onwuka The leading voice for gender equity in the energy sector, Women in Energy Network (WIEN) has entered partnership with the Ministry of Women Affairs and Social Development to advance women’s economic participation and access to healthier clean energy…
