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HomeNigeria

Nigeria

OPEC + is increasing output - Energy New Beat
Crude Oil News

OPEC+ Shifts Meeting to July 5, Signals Another Output Hike for August 2025

July 4, 2025 Clark Savage

OPEC+ has once again accelerated its oil production strategy, moving its key meeting from Sunday to Saturday, July 5, 2025, to discuss a potential fourth consecutive monthly output increase of 411,000 barrels per day (bpd) […]

Diesel

Why Israel and Iran Will Dictate U.S. Summer Fuel Prices

June 11, 2025 Andy Del Prado

Daily Standup Top Stories What Would Happen to the Oil Market if Israel Targeted Iran’s Nuclear Sites or Oil Export Infrastructure? June 10, 2025 Clark Savage The escalating tensions between Israel and Iran have long been […]

Saudi Aramco
Crude Oil News

Nigeria’s $5 Billion Oil-Backed Loan Stalls as Oil Prices Plummet: A Deep Dive into the Delay

June 10, 2025 Clark Savage

In a significant setback for Nigeria’s fiscal ambitions, negotiations for a record-breaking $5 billion oil-backed loan from Saudi Aramco have hit a wall, with falling crude oil prices casting a shadow over the deal. This […]

Petronet LNG
ENB Pub Note

Petronet LNG logs higher profit, lower volumes

May 20, 2025 Mariel Alumit

ENB Pub Note: The total volume of India’s imports in 2025 is shown on top, and the update from the Dahej LNG terminal is shown below. Volume of LNG Imports for India (2025) Based on […]

Critical Minerals

Trump: Can Oil Prices Push Ukraine Toward Peace?

May 6, 2025 Andy Del Prado

Daily Standup Top Stories Dropping Oil Price Boosts Odds of Ukraine Peace Deal, Trump Says May 5, 2025 Clark Savage ENB Pub Note: President Trump’s team still does not understand what motivates President Putin to end […]

Electrical Generation / Utilities

KN awards contract for Klaipeda FSRU electrification project

May 5, 2025 Mariel Alumit

Following KN’s international public procurement process for engineering, procurement, and construction (EPC) works, KN awarded the contract to Lithuania’s Kauno Tiltai, a specialist in roads, bridges, and infrastructure projects. KN said the contract for the […]

Temile Development
Press

Nigeria’s Temile Development signs for South Korean VLGC newbuilds

April 10, 2025 Stu Turley

Nigerian owner Temile Development Company has contracted South Korea’s shipbuilder HD Hyundai Heavy Industries for up to two very large gas carriers (VLGCs). The deal covers one firm and one optional 88,000 cu m LPG […]

International News

Atlantic LNG shipping rates, European prices down

March 28, 2025 Mariel Alumit

“Spark30S (Atlantic) freight rates experienced a significant week-on-week drop for the first time in two months, decreasing by $2,750 to $28,350 per day,” Spark’s data lead, Qasim Afghan, told LNG Prime on Friday. He said that […]

Shell
Big Oil Companies

Shell completes sale of Nigerian onshore unit

March 14, 2025 Mariel Alumit

UK-based LNG giant Shell has completed the previously announced sale of its Nigerian onshore subsidiary SPDC to Renaissance for $2.4 billion. Shell announced the compilation of the deal revealed in January 2024 in a statement […]

NNPC
Electrical Generation / Utilities

Nigeria’s NNPC to supply gas to Ssonic’s LNG plant

March 10, 2025 Mariel Alumit

NNPC said in a statement that its unit NNPC Gas Marketing, and its unincorporated JV partner, NIPCO Gas, have executed a gas sale and purchase agreement (GSPA) with Ssonic. Under the terms of the agreement, […]

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