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Iran tightens grip on Hormuz, threatens vessels amid ceasefire
Tensions in the Gulf have escalated sharply as Iran moves to tighten control over the Strait of Hormuz, raising fresh concerns about global energy supplies despite a fragile ceasefire with the United States. Reports from semi-official Iranian outlets, including Islamic…
Local Content Funding: Players must show institutional readiness __Tony Attah
Sopuruchi Onwuka Players in the upstream petroleum industry who seek initial funding must advance propositions that demonstrate institutional readiness and commercial bankability in order to secure immediate cash, short-term equity investments and long-term capital support from the stock market. Managing…
Eni discovers 2 Tcf gas field in Egypt’s Mediterranean maters
Eni S.p.A. has announced a significant gas and condensate discovery offshore Egypt, reinforcing the Eastern Mediterranean’s position as a growing energy hub. The discovery was made at the Denise W-1 exploration well, located within the Temsah Concession about 70 kilometres…
Strait of Hormuz opens as US, Iran reach ceasefire
The United States and Iran have agreed to a conditional two-week ceasefire, allowing the resumption of shipping through the strategically vital Strait of Hormuz, in a fragile pause to weeks of escalating conflict. The agreement comes more than a month…
Shell, NNPC boost respiratory care with equipment donation to LUTH
Shell Nigeria Exploration and Production Company Limited and Nigerian National Petroleum Company Limited have strengthened Nigeria’s healthcare capacity with the donation of advanced respiratory diagnostic equipment to University of Lagos Teaching Hospital, marking a significant step toward improving pulmonary care…
Dangote refinery holds fuel prices firm amid market turbulence
Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to price stability, confirming that it has not increased the prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), commonly known as diesel, despite ongoing volatility in global energy…
NORS 2026 to accelerate Nigeria’s shift to refining self-sufficiency
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has officially announced the Nigeria Oil Refining Summit (NORS) 2026, scheduled to take place on 28–29 September 2026 at Eko Hotels & Suites. Now in its third edition, the summit continues…
AOW:Energy: NAPE chieftain tasks independent companies on exploration
Sopuruchi Onwuka Former President of the Nigerian Association of Petroleum Explorationists (NAPE), Mr JohnBosco Uche, has declared that delivery of Nigeria’s oil and gas production growth is primarily based on exploration capabilities of indigenous operating companies currently taking position in…
Iran war: EIA predicts Q2 average oil price of $115
Ziggy Ojiegbe The US Energy Information Administration (EIA) projects that Brent crude prices will climb to $115 per barrel in the second quarter of 2026, up from an average of $103 per barrel in March, reflecting a sharp tightening in…
NCDMB to share Tony Attah’s insights on funding local content initiatives
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has announced that Engr. Tony Attah, Managing Director of Renaissance Africa Energy Company Limited, will be the guest speaker at the next edition of the Nigerian Content Academy Lecture Series….
