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NMDPRA to issue import permits for 165,000MT LPG, targets price stability
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced plans to issue permits and closely monitor imports conceived to bridge estimated 165,000-metric-tonne Liquefied Petroleum Gas (LPG) supply deficit projected for the third quarter of 2026. The Authority Chief…
Heirs Energies’ $750m deal wins global finance award
Frank Okon Heirs Energies Limited, Africa’s leading indigenous-owned integrated energy company, has earned international recognition after its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA…
New medicine offers hope in fight against pancreatic cancer
Ziggy Ojiegbe Scientists in the United States have developed a promising new drug that could significantly improve survival rates for patients with pancreatic cancer, one of the deadliest forms of the disease. Researchers at Northwestern University tested the experimental drug,…
Renaissance Targets 15 FDPs Annually, Hits 2.2bcf Gas Output
Sopuruchi Onwuka Renaissance Africa Energy Company Nigeria Ltd has outlined plans to ramp up development activity across its asset base, targeting up to 15 Field Development Plans (FDPs) annually, as it scales up gas production and expands operations. The company’s…
The Battle for the Skies: Iran’s missile stockpiles vs America’s air superiority
Sopuruchi Onwuka, with agency reports When one of its terror cells, HAMAS, activated the infamous October 7 attacks against Israel, Iran was counting on its stockpiles of missiles and large network of footmen spread across the Middle East as it…
Iran war shakes oil market as Dangote hikes prices
Sopuruchi Onwuka Global commodity marks entered panic mode on Monday when parties to the ongoing Iran war took hard lines as Iran launched attacks on merchant vessels passing through the Strait of Hormuz. The threat to global merchant ships and…
Nigeria to position as Africa’s investment hub at AOW:Energy 2026
Sopuruchi Onwuka Africa’s upstream oil and gas sector is entering a new phase of investment and regulatory reform, with Nigeria positioning itself at the center of that shift. Organizers of AOW:Energy say the 2026 edition will place a strong spotlight…
Shell honored for best oilfield development projects at NIES
Sopuruchi Onwuka Shell Nigeria Exploration and Production Company Limited (SNEPCo) has been honored with the award for Best Oilfield Development Projects at the 9th Nigeria International Energy Summit (NIES), held in Abuja. Corporate Communications Manager, Gladys Afam-Anadu, stated that the award…
Trump reaches out to Liberia as 2 African countries join UN Security Council
Ziggy Ojiegbe The United Nations Security Council has begun its new working cycle with the induction of five non-permanent members, a development that has placed Liberia in rare diplomatic focus under the administration of United States President Donald Trump. The…
WAPCO upbeat as ELPS resumes gas flow
Sopuruchi Onwuka The West Africa Gas Pipeline Company (WAPCO) is set to enter the 2026 business year upbeat following the restoration of its critical gas feed channel, the Escravos-Lagos Pipeline System (ELPS). Although WAPCO says the recent flow disruption from…
