Oil Prices Crash as Traders Bet the War Is Over The oil market just did something remarkable. After spending months pricing in tanker attacks, shut-in production, damaged LNG facilities, and the largest supply disruption in modern oil market history, traders are suddenly betting the crisis is ending. Brent crude futures fell below $79 per…
NCDMB Hosts Ghana National Oil Coy on Local Content Benchmarking Study A delegation from the Ghana National Petroleum Corporation (GNPC) has visited the Nigerian Content Development and Monitoring Board (NCDMB) on a knowledge sharing and local content benchmarking study, with a view to deepen their understanding of the Board’s local content development practices in…
Chevron, NCDMB and Bristow Launch Cadet Pilot Training Programme in Nigeria …Programme will train 10 cadet pilots and strengthen local aviation capacity for offshore operations Chevron Nigeria Limited (CNL), in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) and Bristow Helicopters, has launched a helicopter pilot development programme that will train 10 Nigerian…
AOW: Tanzania Pitches 57.5 TCF Gas Base to E&P Investors as LNG Plans Advance The Managing Director of Tanzania Petroleum Development Corporation, (TPDC) Eng. Charles Sangweni has affirmed that Tanzania is wooing exploration and production investors with proven offshore geology, a stable and predictable policy framework, and a long-term vision to become a regional…
Dangote to Build Nigeria’s Biggest Industrial Zone in Ondo State …says construction to begin last quarter of 2026 …Ondo now set for industrial revolution, says Gov Aiyedatiwa President of Dangote Group, Aliko Dangote, has reaffirmed plans to develop a large-scale industrial and free trade zone at Olokola in Ondo State, describing it as a power-driven…
NCDMB’s Oil And Gas Park To Become Operational Q4 2026 The Nigerian Oil and Gas Park Scheme (NOGaPS) at Emeyal-1, in Ogbia Local Government Area of Bayelsa State will become operational by the fourth quarter of 2026, the Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed. Towards the target date, the NCDMB is…
Oil and Gas Field Readiness: NCDMB, Chevron, Bristow Begin Pilot Training IKEJA, LAGOS STATE -JUNE 13, 2026 Determined to build Nigerian workforce with practical skills for top careers in the local and international oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Chevron Nigeria Limited (CNL) and Bristow Helicopters…
India Accuses West of Double Standards Over U.S. Russia Oil Sanctions The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S Jaishankar said on Friday. India turned en masse to Russian oil in 2022,…
Russian Governors Rush to Deny Fuel Crisis as Rationing Spreads Russia’s authorities and regional governors are racing to assure residents there are no fuel shortages amid an intensified Ukrainian drone campaign at Russian refineries and fuel supply roads. Ukraine has stepped up attacks this month on key fuel supply routes in its territories occupied…
Oil Prices Tumble 4% on Iran Peace Optimism Oil prices plunged by more than 4% early on Friday as the market hopes the U.S. and Iran have made progress toward a peace deal. As of morning trade in Europe, the international benchmark, Brent Crude, had slipped by 4.34% at $86.36, extending the losses from…