Nigeria Produces 1.7m bpd as Output Hits 11-Month High, Exceeds OPEC Quota Nigeria’s crude oil production rose sharply in May 2026, averaging 1,530,354 barrels per day (bpd) of crude oil and 170,446 bpd of condensates, bringing total daily output to 1.7 million barrels. The figure marks an 11-month high and reinforces the country’s position as…
Kaiama Grammar School, FGGC, Imiringi, Clinch Top Prizes at NCDMB Science Quiz Competition The 9th edition of the NCDMB/NTA Science Quiz Competition for Secondary Schools in Bayelsa State came to a close on Wednesday at the Nigerian Content Tower (NCT) Conference Centre, Swali, Yenagoa, with Kaiama Grammar School, Kaiama, in Kolokuma/Opokuma Local Government Area, and…
Standard Bank Group Backs Dangote IPO listing, Expansion Drive Africa’s largest financial institution, Standard Bank Group, has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum Refinery while expressing readiness to finance future expansion projects across the continent. The commitment came during…
Falcon’s 32 Years in Nigerian Energy Sector Signals Stability, Growth and Market Expansion Falcon Corporation Limited, one of Nigeria’s longest-operating indigenous gas and energy infrastructure companies, is marking over three decades of unbroken operations, using the milestone not just as a moment of reflection, but as a deliberate signal of where the company is…
Oil Prices Jump After U.S. Strikes Iran Over Downed Apache Oil prices jumped in early Asian trading on Wednesday after the United States launched what it described as self-defense strikes against Iranian military targets near the Strait of Hormuz. At the time of writing, Brent crude was up 1.03% at $92.39 per barrel, while…
China Begins Tapping Oil Stockpiles as Middle East Crisis Drags On China began tapping its huge oil reserves in May, three months after the Middle East conflict wiped out about a tenth of global supply, in a sign that Beijing is still refraining from paying top-dollar for prompt crude deliveries. Over the next few…
U.S. Company to Send 250,000 Barrels of Fuel to Cuba An American company is preparing to send a cargo of diesel and gasoline to Cuba in what, if successful, would be the biggest U.S. shipment of fuel to the island nation since the start of the U.S. embargo, Bloomberg reported. Florida-based Vanguard Energy is…
Shell Strategises to Expand Gas Utilization in Nigeria Shell Nigeria Gas (SNG) has been sharing its experiences as it pioneered gas distribution nearly 30 years ago, saying the expansion of pipeline natural gas infrastructure and the market making role of gas distributors have been critical in moving gas from a policy aspiration to a…
SEPLAT’S NEW EMPIRE: Effy Okon Takes the Wheel as CEO While Tony Elumelu Steps in as Chairman to Build Africa’s First Indigenous IOC By Kunle Odusola-Stevenson For decades, the playbook for the African oil and gas sector followed a predictable script. Multinational titans—the historical International Oil Companies (IOCs)—extracted crude from the continent’s rich subsurface, while…
Africa’s Largest Bank Backs Dangote Refinery IPO Africa’s largest financial institution, Standard Bank Group, has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum Refinery while expressing readiness to finance future expansion projects across the continent. The commitment came during a strategic…