Archives for Oil and Gas - Page 2
Stocks Fall as Iran Tensions Flare Up, Oil Gains: Markets Wrap
Global equities advanced to new highs as demand for artificial-intelligence stocks intensified, cementing the sector’s role as the market’s main driver. MSCI’s All Country World Index rose to a record,…
OPEC+ Approves July Output Increase By 188,000 bpd
Ministers of the Organisation of the Petroleum Exporting Countries plus it’s non-member alliance (OPEC+), on Sunday, agreed to raise their combined oil production quota by 188,000 barrels per day (bpd)…
REA CEO, Stakeholders To Brainstorm On Nigeria’s Energy Transition Pathway At 2026 Oriental News Conference
BY NGOZI ONYEAKUSI The Rural Electrification Agency (REA), would be leading conversations on Nigeria’s renewable energy strategy which is a component of broader energy transition strategy of the federal government…
Dangote Refinery Ramps Up to 700,000 Barrels Per Day, Strengthening Africa’s Energy Landscape
BY NGOZI ONYEAKUSI Dangote Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a performance test conducted by the Process…
NLNG awards contracts for three new vessels
Bonny Gas Transport Limited, a subsidiary of Nigeria LNG Limited, has awarded contracts for the construction of three new liquefied natural gas carriers to Hudong-Zhonghua Shipbuilding Group and China Shipbuilding…
NUPRC Kicks Off 2026 Licencing Round in Q3 After Tinubu’s Approval
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said the 2026 Oil Licencing Round will commence by the third quarter (Q3) 2026, having received the approval of President Bola Tinubu,…
Government Comprehensive Secondary School, Borikiri Emerges Winner of 2026 NLNG Science Contest
BY NGOZI ONYEAKUSI The 2026 NLNG Science Contest came to a remarkable close on Wednesday in Port Harcourt, Rivers State, as Government Comprehensive Secondary School, Borikiri, emerged winner after a…
Oil rises, stocks waver as new US strikes dampen peace deal hopes
Oil prices rose on Tuesday and stocks dithered as investor optimism over an imminent peace deal was tempered by new strikes in the Middle East. forces conducted strikes in southern…
NMDPRA insists on regulatory compliance in free trade zones
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has declared that petroleum companies operating in free zones, export processing zones and other designated areas in Nigeria remain fully subject to…
$5bn NLNG Train 7 Hits 92% Completion, Nears Pre-commissioning as Local Capacity Grows
The $5 billion Nigeria Liquefied Natural Gas (NLNG) Train 7 project has reached 92 per cent completion and is now advancing into systems completion and pre-commissioning, marking a major milestone…
