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Indonesia to accelerate biofuel production as oil price soars
Frank Okon Indonesia is accelerating biofuel production and renewable energy development as soaring global oil prices—driven by the Middle East conflict—expose the country’s heavy reliance on fossil fuels. President Prabowo Subianto said Jakarta is moving urgently to strengthen energy security,…
Hope rises for global shipping as French vessel sails through Hormuz
Frank Okon A container ship linked to French shipping giant CMA CGM has reportedly become the first Western European-affiliated vessel to transit the Strait of Hormuz since the start of the Iran war, signaling a tentative return of commercial traffic…
Iran war: S.Korea canvasses accerlerated energy transition
Ziggy Ojiegbe South Korean President Lee Jae Myung has warned that the ongoing Iran war is exposing the dangers of global reliance on fossil fuels, urging an urgent shift toward renewable energy. Speaking at a town hall on Jeju Island,…
Nigeria’s Oil Reserves Stand at 37.01bn Barrels, Gas at 215.19TCF – NUPRC
Sopuruchi Onwuka Nigeria’s total oil and condensate reserves stood at 37.01 billion barrels as of January 1, 2026, while total natural gas reserves reached 215.19 trillion cubic feet (TCF), the Nigeria Upstream Petroleum Regulatory Commission has declared. The Commission Chief…
Adeleye Falade takes ’s CEO’s seat at NLNG
Sopuruchi Onwuka Mr Adeleye Falade, an engineer, has officially assumed office as the Managing Director and Chief Executive Officer of NLNG. In a statement issued to Oracle Intelligence in Lagos, the company’s spokesperson, Dr Sophia Horsfall, said Falade took up…
Chevron’s Noble takes FID on E. Guinea’s Aseng gas monetization project
Sopuruchi Onwuka Local affiliate of Chevron in Equatorial Guinea, Noble Energy EG Limited says that Chevron has penned Final Investment Decision (FID) on the country’s Aseng Gas Monetization Project. The FID, according to a statement from Chevron’s Mid-Africa office in…
NCDMB to drive high-impact Local Content delivery with NCCF overhaul
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board has commenced a strategic overhaul of the Nigerian Content Consultative Forum, aimed at repositioning the platform to deliver more impactful outcomes in Nigeria’s oil and gas sector. The initiative was disclosed…
Capacity deficits that stall Nigeria’s energy export boom
By Sopuruchi Onwuka Expectations that Nigeria and other African oil and gas producers would benefit from rising global energy prices are facing a reality check. Capacity limits and delayed projects are holding back the gains many had predicted. The ongoing…
Oil prices climb to $117/bbl as US softens on Strait of Hormuz
Ziggy Ojiegbe Oil prices held near session highs on Tuesday after President Donald Trump indicated walking back from forcing open the Strait of Hormuz and demanded estranged allies to find their way out of the Hormuz impasse or buy America…
S. Africa partners AOW:Energy to advance upstream investment drive
Sopuruchi Onwuka The Republic of South Africa is partnering with AOW:Energy on what is shaping up to be one of the most compelling upstream investment showcases of 2026, reinforcing a long-standing relationship between the country and the conference platform. Originally…
