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Q2 2026
05 October 2026
Kuwait restores oil production to 2 MMbpd as Hormuz traffic increases
Kuwait is pumping oil at about 75% of the level......
05 October 2026
Liberia to Launch 2026 Offshore Licensing Round Offering 29 Blocks
Liberia will launch its 2026 Offshore Direct Negotiation Licensing Round on Oct. 14,......
04 October 2026
OPEC Holds November Oil Production Targets Steady as Supply Remains Constrained
Major OPEC+ nations agreed to keep oil production quotas unchanged next month,...
05 October 2026
FG Urges Private Investors to Fund Oil, Gas Projects
The Federal Government, through the Petroleum Technology Development Fund, has called for.....
05 October 2026
NNPC delivers $7.2 trillion profit as production reaches multi-year highs
NNPC Limited today announced audited results for the year ended 31 December 2025, following its Annual General Meeting and second Earnings Call with financial and business analysts. ....
25 May 2026
U.S. oil rig count posts largest weekly gain since 2022
The number of rigs drilling in the U.S. shale patch rose by the most in more than four years, the latest sign of a resurgence in domestic...
13 May 2026
Oil jumps as Hormuz crisis deepens
Oil rose after President Donald Trump said a fragile ceasefire between the US and Iran is close to unraveling, prolonging the effective closure of the crucial Strait of Hormuz...
13 May 2026
How Yinson Production is powering Africa's offshore future and building local capacity
With more than two decades of operations across the continent, Yinson Production has established a strong presence in Africa’s offshore energy sector....
12 May 2026
NUPRC releases DCSO report for Q1 2026
The Nigerian Upstream Petroleum Regulatory Commission has released the statistics on the enforcement of the Domestic Crude Supply Obligation (DCSO) in accordance with the provisions of the Petroleum Industry Act....
12 May 2026
Magnus Abe Resumes as NUPRC Board Chairman, Pledges Improved Leadership
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) resumed on April 28, 2026 with a pledge to boost the capacity of the NUPRC in meeting its statutory mandate.....
28 April 2026
NGA seeks de-risking measures to boost oil, gas project execution
The Nigerian Gas Association(NGA), has identified predictable fiscal and regulatory environment as key ingredients essential to de-risking investments and accelerating project delivery in the oil and gas sector....
28 April 2026
Oil wells dispute: Why C/River–A/Ibom tensions demand urgent federal intervention
A renewed dispute over oil wells between Cross River and Akwa Ibom states is fast evolving into a complex political, legal and economic contest,...
28 April 2026
NNPC crude output surges to five-year high
The Nigerian National Petroleum Company Limited has announced a significant increase in crude oil production to 1.71 million barrels per day, the highest level recorded in five years, as part of its one-year performance report under the leadership of its Group Chief Executive Officer, Bayo Ojulari....
28 April 2026
Canada launches $25-billion fund to back oil, gas and LNG infrastructure growth
The Government of Canada has unveiled a $25-billion sovereign investment vehicle aimed at accelerating large-scale energy and infrastructure projects, signaling increased federal support for oil, gas and LNG development.....
28 April 2026
U.S. cancels more wind leases as investment shifts to oil, gas and LNG
U.S. Department of the Interior has reached agreements with two offshore wind developers to terminate lease positions and redirect capital into conventional energy projects, marking a notable shift in U.S. energy policy and investment flows....
28 April 2026
Kazakhstan, ExxonMobil discuss key projects and expansion plans
STANA, Kazakhstan, April 28. Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna, and Peter Larden, Senior Vice President of ExxonMobil, convened to review....
28 April 2026
NNPC crude oil trading hits five-years high
Under the watch of the Nigerian National Petroleum Company (NNPC) Limited, Group Chief Executive (GCEO) Engr. Bashir Bayo Ojulari,....
20 April 2026
Nigeria’s upstream oil, gas sector attracts $24bn investment – Ojulari
The Group Chief Executive Officer of NNPC Ltd, Mr. Bashir Bayo Ojulari, has hinted that announced at OLEF 2026 that Nigeria’s upstream oil and gas sector has attracted over $24 billion in capital investment ...
20 April 2026
Massive fire at Russia's Tuapse Oil Refinery after Ukrainian drone strike
ALBAWABA - Russia said that Ukrainian drones struck the Tuapse Oil Refinery in southern Krasnodar Krai during an overnight attack on April 20, causing a massive fire ...
20 April 2026
Oil prices jump, markets shake amid US-Iran ceasefire uncertainty
New Delhi: Global energy prices surged on Monday as the Islamic Revolutionary Guard Corps announced the imminent closure of the Strait of Hormuz ...
19 April 2026
Navy intensifies anti-oil theft war, recovers over ₦2.5bn products in Rivers operations
The Nigerian Navy has stepped up its offensive against crude oil theft, recording major operational breakthroughs under Operation DELTA SENTINEL ...
20 April 2026
Global Oil Prices Surge Over 5% as Iran Recloses Strait of Hormuz, Sparking Fresh Energy Crisis Fears
World petrol prices jumped sharply Monday amid renewed tensions in the Strait of Hormuz ...
17 April 2026
Energy NL names new board, chair to guide Newfoundland offshore energy industry
(WO) - Energy NL has appointed a new board of directors following its Annual General Meeting in St. John’s, Newfoundland and Labrador, with new leadership set to guide the province’s offshore energy supply and service sector ...
15 April 2026
Nigeria loses $226bn revenue following oil suspension in Ogoniland: PINL
Nigeria has lost an estimated $226.734 billion in revenue from the suspension of crude oil production across 96 wells in Ogoniland over the past 32 years ...
07 April 2026
Crude Oil: Middle East Crisis Pushes Buyers To Focus On Nigeria, Other African Producers
Global energy analysts have predicted that Nigeria, along with other oil-producing African countries, will become a major beneficiary of the ongoing Middle East conflict ...
07 April 2026
Indigenous firms now anchor Nigeria’s oil industry stability – PETAN
Nigeria’s oil and gas sector is undergoing a quiet but profound shift, with indigenous service companies emerging as the true stabilising force behind industry operations, the Petroleum Technology Association of Nigeria (PETAN) has declared ...
06 April 2026
U.S. shale producers move to boost output as oil surges past $100
(Bloomberg) — U.S. shale drillers are expected to follow President Donald Trump’s call for higher oil production — but not just because he said so ...
05 April 2026
Trump administration to reunite offshore drilling agencies split after Deepwater Horizon spill
(Bloomberg) — The U.S. Interior Department said it’s merging two oversight agencies to create a Marine Minerals Administration and move toward a “more modern, coordinated approach” to managing offshore resources, including critical minerals ...
04 April 2026
PENGASSAN suspends strike at Seplat following NNPCL intervention
The Petroleum and Natural Gas Senior Staff Association of Nigeria has suspended its industrial action against Seplat Energy Plc ...
02 April 2026
Continental Resources to boost U.S. oil output as crude tops $100
The Petroleum and Natural Gas Senior Staff Association of Nigeria has suspended its industrial action against Seplat Energy Plc ...
Q1 2026
23 March 2026
Oil exports: Nigeria, others to benefit from rising crude oil prices, says IMF
The International Monetary Fund (IMF) at the weekend, predicted significant recovery in Nigeria’s Balance of Payment (BoP) following ongoing surge in crude oil prices ...
23 March 2026
OPL 245: Nigeria’s oil sector set for major leap
Exploration and production activities are about to commence at one of Nigeria’s biggest oil fields, OPL 245 popularly known around the world as Malabu ...
23 March 2026
Singapore‑Based WPH Digital Among the First AI‑Focused Digital Companies in Asia to Achieve ISO/IEC 42001:2023, Setting a Global First for Oil & Gas AI Governance
SINGAPORE--(BUSINESS WIRE)--WPH Digital PTE. LTD., a Singapore-based AI and Digital Service Provider, announced today that it has become one of the first AI and Digital Service Providers ...
22 March 2026
Oil prices plunge 11% on US-Iran talks to resolve the hostilities in the Middle East
NEW YORK, March 23 (Reuters) - Oil prices dropped about 11% to a one-week low on Monday after U.S. President Donald Trump said ...
22 March 2026
U.S. targets Iran positions near Strait of Hormuz as oil market tensions rise
(Bloomberg) - U.S. officials signaled an intensifying military campaign against Iran focused on securing access to the Strait of Hormuz ...
20 March 2026
Brazil, Mexico weigh Petrobras–Pemex tie-up for offshore oil exploration
(Bloomberg) – Brazil President Luiz Inacio Lula da Silva said he spoke with Mexican leader Claudia Sheinbaum about a possible exploration ...
11 March 2026
Nigeria’s oil output drops for seven consecutive months to 1.46m bpd
Nigeria has missed its oil production quota for the seventh consecutive month, with crude output falling to 1.46 million barrels per day (bpd) in January 2026 ...
