EU considers suspending sanctions on Syria’s oil sector and banks. Posted by By Esther Udoh February 8, 2025 The European Union is in talks over a potential agreement to ease certain sanctions on…
USA crude oil inventories surged nearly 9 million barrels week-over-week. Posted by By Esther Udoh February 8, 2025 U.S. crude inventories (excluding SPR) rose 8.7M barrels from Jan 24 to Jan 31, per…
Egypt Signs $3B LNG Deals with Shell, TotalEnergies Posted by By Esther Udoh February 7, 2025 Egypt, the most populous Arab nation, became a net gas importer again last year, scrapping…
Nigeria’s oil output dropped by 60,000 barrels per day in January, affecting OPEC’s production. Posted by By Esther Udoh February 7, 2025 OPEC’s oil output fell for the second month in January, dropping 50,000 bpd to 26.53…
Oil dips as Trump’s Iran stance, output boost plans shake market. Posted by By Esther Udoh February 7, 2025 Oil dips as Trump’s vow to cut prices outweighs Iran sanctions push.WTI fell 0.6% below…
WAPCo to start major offshore pipeline inspection and maintenance. Posted by By Esther Udoh February 6, 2025 WAPCo will conduct major pipeline maintenance from Feb 5 to Mar 2, 2025, including pigging,…
Aba Power loses 50MW due to TCN repairs, set to restore electricity in some areas. Posted by By Esther Udoh February 6, 2025 Aba Power loses 50MW daily from 9 AM to 5 PM due to TCN’s one-week…
NNPC deploys five new CNG cascades in Abuja to enhance gas supply. Posted by By Esther Udoh February 6, 2025 The Nigerian National Petroleum Company Limited (NNPC) has officially commenced the deployment of five new…
ADNOC plans to transfer its U.S. hydrogen and LNG assets to form an $80 billion global venture. Posted by By Esther Udoh February 6, 2025 Abu Dhabi National Oil Company (ADNOC) is set to transfer its holdings in a hydrogen…
Chevron is in talks with the Trump administration regarding Venezuela. Posted by By Esther Udoh February 6, 2025 Chevron is in talks with the Trump administration as some Republicans urge the U.S. to…