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UK, Nigeria deepen trade ties, launch Economic Diversification Dialogue
The United Kingdom and Nigeria have launched the UK–Nigeria Economic Diversification Dialogue, a strategic platform under the Enhanced Trade and Investment Partnership (ETIP) aimed at expanding bilateral trade and unlocking growth in Nigeria’s non-oil sectors. The dialogue, held as a…
AOW:Energy celebrates record shattering debut in Ghana
Nigeria-led AFRIPERF Charter tops conference feats Sopuruchi Onwuka With 25 governments, African Union, Africa Petroleum Producers Organization (APPO), international environmental advocacy groups and other multilateral organizations engaging and shaping policies at the 2025 Africa Oil Week in Ghana, the organizers…
IEA sees huge global oil market oversupply
Market watchdog providing advisory for industrialized European and American countries, the International Energy Agency (IEA) has predicted supply glut in the global oil market in the last quarter of the year and 2026. The agency which services the interest of…
JPMorgan Chase invests $1.5 Trn in Strategic Sectors
Largest bank in the U.S., JPMorgan Chase, announced that it would invest $1.5 trillion over the next decade in industries related to U.S. national security. The investment, according to the company, will target companies in strategic sectors, including rare earth…
Türkiye locks $43 bn LNG imports from US
Government of Turkiye says it has concluded a $43 billion deals with traders that would deliver liquefied natural gas (LNG) from the United States to further diversify for the European nation. During President Recep Tayyip Erdogan’s U.S. visit, Türkiye’s state-run…
ExxonMobil to cut 2,000 jobs amid restructuring, oil market challenges
American multinational oil major, ExxonMobil, has announced plans to weed out significant 2000 workers mainly from its operations in Europe and Canada. It said in a statement that the purge planned to come into effect by 2027 would streamline its…
Nvidia in deal to invest up to $100 billion in OpenAI
American tech giant, Nvidia, has announced plans to invest up to $100 billion in the ChatGPT maker, in a deal that makes it a co-builder of the infrastructure that will power the next wave of artificial intelligence or AI. With…
African ministers agree to drive energy access alongside transition
Sopuruchi Onwuka Governments of African nations have resolved to explore collaboration in driving projects and aligning policies that guarantee energy access to over 600 million citizens. They also stressed the need to prioritize immediate energy solutions while pursuing low carbon…
IEA cancels Peak Oil forecast, extends petroleum dominance by 25 years
Sopuruchi Onwuka Earlier predictions by the International Energy Agency (IEA) and similar analysts that oil and gas demand was crumbling under the weight of global campaign for energy transition and climate action are now facing a review to adjust them…
OPEC+ stokes oversupply fears with 137,000 new barrels
Sopuruchi Onwuka Members of the Organization of Petroleum Exporting Countries and nonmember allies (OPEC+)are billed to pump in significant 137,000 barrels per day of new supply into the increasingly bearish oil market, heightening concerns that possible supply surge would dilute…
