COUNTDOWN: 132 Days Since the USA-Iran War Began – Global Oil Market Global Oil Market Stabilises as War Premium Fades, Brent Holds Above $76 By Team Countdown One hundred and thirty-two days after the outbreak of the United States-Iran war, the global oil market has entered a period of relative stability, with crude prices settling […]
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Esso Exploration and Production Nigeria (Offshore East) Limited starts Usan Infill Project Esso Exploration and Production Nigeria (Offshore East) Limited (EEPN(OE)L), an affiliate of ExxonMobil, has commenced on-block activities for the Usan Infill Project in Oil Mining Lease (OML) 138, marking continued progress in developing Nigeria’s deepwater resources. The Usan Infill Project is part
Africa’s Oil Exploration Slows as Active Rig Count Drops 15% in Two Years By Godwin Paul Oil exploration activity across Africa continued to weaken in 2025 as the continent’s active drilling rig count fell to its lowest level in recent years, highlighting persistent challenges in attracting upstream investments despite stronger crude oil prices. Latest global
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Africa’s LNG exports rise to 39.8 million tonnes as Nigeria, Angola drive growth By Eyo Nsima Africa strengthened its position in the global liquefied natural gas (LNG) market in 2025, with exports rising by 1.8 million metric tonnes (Mt) to 39.77 Mt, driven by higher shipments from Nigeria, Angola, Mozambique and the commencement of
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Matric, A.Y.M Shafa, Sigmund among top 10 Oil Companies with Nigeria’s Highest Depot Fuel Prices By Eyo Nsima Nigeria’s depot fuel market recorded another day of price variations on Friday, July 3, 2026, with several oil marketing companies maintaining significantly higher ex-depot prices for Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas
A.A. Rano, Aiteo, Menj, Pinnacle, NIPCO make list of top 10 Oil Companies with Highest Depot Petrol Prices By Eyo Nsima Oil marketing companies with the highest depot prices for Premium Motor Spirit (PMS), commonly known as petrol, continue to influence supply costs across Nigeria’s downstream petroleum market, with depot rates remaining above the
Nigeria’s Condensate Production Strengthens Oil Output, Hits 170,446 bpd in May By Eyo Nsima Nigeria’s condensate production continued to play a strategic role in supporting the nation’s hydrocarbon output in 2026, with production rising to 170,446 barrels per day (bpd) in May, helping the country exceed its crude oil production quota allocated by the Organisation
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Top 10 Depots with the Highest Petrol Prices Signal Wide Market Disparities By Eyo Nsima Nigeria’s deregulated downstream petroleum market continues to exhibit significant pricing differences, with some depot operators selling Premium Motor Spirit (PMS), popularly known as petrol, at prices more than ₦150 per litre above those charged by many competitors. Current depot pricing
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Les prix du dépôt d’essence au Nigeria reculent légèrement tandis que le marché du AGO affiche des évolutions contrastées Par Eyo Nsima Le marché nigérian des produits pétroliers en aval a enregistré mercredi 1er juillet 2026 une légère baisse des prix du Premium Motor Spirit (PMS), également appelé essence, au niveau des dépôts, alors que
Sahara Group Appoints Folake Soetan as Arahas MD to Drive Oilfield Services Transformation Across Africa Sahara Group has appointed Mrs. Folake Soetan as Managing Director, Arahas Global Oilfield Services as the organisation accelerates its Beyond XXX agenda focused on deepening impact, advancing operational excellence, and shaping the future of energy across Africa. Executive Director,