Adeoti Malik 
Ogun State and NNPC Move to Revive Long-Stalled OKLNG Project as $7bn Coastal Hub Takes Shape Ogun State’s long-dormant Olokola Liquefied Natural Gas project is getting a fresh push back to life, after Governor Dapo Abiodun held talks with senior officials from the Nigerian National Petroleum Company Limited in Abeokuta this week aimed at finally … Read more
Nigeria’s CNG Supply Could Soon Overtake Petrol Availability Nigeria’s compressed natural gas supply network is expanding fast enough that it could soon outpace the availability of petrol itself, according to the man leading the federal government’s push to get more vehicles running on the alternative fuel. Ismaeel Ahmed, Chairman and Chief Executive Officer of the … Read more
For more than a decade, crude oil theft stood as one of the costliest problems eating into Nigeria’s economy, draining a resource that provides more than 80 percent of the country’s foreign exchange earnings. Figures from the Nigeria Extractive Industries Transparency Initiative paint a grim picture of just how bad things got: between 2009 and … Read more
Yemeni Government Forces Seize District Overlooking Bab el-Mandeb Strait, Military Sources Say Saudi-backed Yemeni government forces seized key positions along the Bab el-Mandeb Strait on Monday, according to military and government sources, in an operation aimed at reversing territorial gains the Iran-backed Houthis made last month and pushing them back from one of the world’s … Read more
France’s Schneider Electric struck the largest acquisition in its history on Monday, agreeing to buy Boston-based industrial software company PTC in an all-cash deal that values PTC’s equity at roughly $22.6 billion. Under the terms announced Monday, Schneider will pay $205 for every PTC share, a price that represents a 42.3 percent premium over PTC’s … Read more
Japan Says No New Oil Reserve Release Planned Despite G7’s Fresh 100-Million-Barrel Pledge Japan has no plans to launch a fresh release of crude oil from its national reserves, a top government spokesman said Monday, even as fellow G7 members committed just days earlier to a coordinated drawdown of 100 million barrels aimed at easing … Read more
Oil and diesel prices dropped for a second straight session Monday after the Group of Seven nations agreed to release 100 million barrels of crude and diesel from their emergency stockpiles, the latest and most coordinated intervention yet in a global energy crisis that’s dragged on for more than seven months. Brent crude fell 0.7 … Read more
Human rights lawyer Femi Falana has renewed his call for the Nigerian government to cut the price of petrol, arguing that rising global crude prices driven by the conflict between the United States and Iran should not automatically translate into higher costs for Nigerian motorists given the country’s own status as an oil producer. Falana, … Read more
Nigeria’s Oil Minister Says Crude Output Has Jumped More Than 80% Since 2023 Nigeria’s Minister of State for Petroleum Resources says the country’s crude oil and condensate production has climbed past 1.824 million barrels a day, representing an increase of more than 80 percent since President Bola Tinubu’s administration took office in 2023. Senator Heineken … Read more
Broadcom to Lend Anthropic Up to $42 Billion to Help Finance Its AI Chip Leases Anthropic’s initial public offering filing has pulled back the curtain on one of the more unusual financing arrangements to emerge from the AI industry’s enormous infrastructure buildout: chipmaker Broadcom has agreed to lend the AI company up to $42 billion … Read more