Oil & Gas
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US crude oil stocks drop almost 8mm barrels WoW
United States commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 7.9 million barrels from…
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NATO considering enforcing Hormuz passage July, says official
The North Atlantic Treaty Organisation (NATO) is discussing the possibility of helping ships pass through the Strait of Hormuz if…
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IPMAN urges establishment of oil & gas bank
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for the establishment of an a petroleum energy bank in…
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Nigerian content compliance non-negotiable, NCDMB insists
The Nigerian Content Development and Monitoring Board (NCDMB) has insisted that compliance with Nigerian content regulations in the oil and…
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USA EIA reveals latest oil price forecasts
The United States Energy Information Administration (EIA) has released its latest oil price forecasts. In the May short term energy…
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Iran opens Strait of Hormuz to Chinese ships
Iran last week opened the Strait of Hormuz to allow some Chinese oil ships move, in compliance with its management…
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UK mulls ban on New North Sea oil & gas licences
The United Kingdom (UK) government has disclosed a move to introduce a legislation banning new North Sea oil and gas…
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UAE to double oil export, bypassing Hormuz Strait by 2027
In a move to reduce reliance on shipping chokepoints on the Strait of Hormuz, the United Arab Emirates will double…
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NNPC makes case for stronger gas financing in Africa
The Nigerian National Petroleum Company Limited (NNPCL) has called on African countries to strengthen financing structures and improve payment systems…
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Dangote renews legal battle with Nigeria over fuel import permits
Dangote Petroleum Refinery has launched a fresh lawsuit seeking to overturn fuel import licences issued to the Nigerian National Petroleum…
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