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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….
NCDMB to feature Dr Peterside’s crisis management strategies at book reading session
Sopuruchi Onnwuka The Nigerian Content Development and Monitoring Board (NCDMB) will host the fourth edition of its Quarterly Book Reading Programme, providing a platform for Dr. Dakuku Peterside, former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA),…
Russia, China veto UN resolution on reopening Strait of Hormuz
Ziggy Ojiegbe Despite the biting global fuel supply squeeze, Russia and China vetoed a United Nations Security Council resolution aimed at reopening the Strait of Hormuz, a critical maritime chokepoint that carries about a fifth of the world’s oil. Oracle…
Eight OPEC+ producers adjust output, pledge market stability
Frank Okon The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 April 2026, to review global market conditions and…
