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Published on 04:19 GMT

NUPRC to Raise Nigeria’s Active Oil Rigs from 36 to 50 By End of 2025

•Bloomberg Report: At $5.34bn, Nigeria tops Shell’s 2024 global oil tax payments •Seplat predicts H1 revenue to dwarf full year 2024 $1.1bn Emmanuel Addeh and Sunday Aborisade in Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has …

Source: This Day - Pro-Government
Published on May 15, 2025

Ghana’s Mahama courts oil investors, pushes for aggressive crude oil extraction

Ghana is urging investors to help boost oil production as the global push for decarbonization threatens to leave fossil fuel assets stranded. President John Mahama made the appeal during the Africa CEO Forum held on Tuesday in Abidjan, Ivory Coast. “Oil is …

Source: Business Insider Africa - Neutral
Published on May 15, 2025

U.S., Iran, deal weighs on Nigerian Crude, Obodo crude makes export debut

Nigerian crude oil faced market pressure amid positive signs that Iran, a major oil producer, is ready to cut a deal with the world’s largest economy. Latest data showed Nigerian crude settled at about $68.34 on Tuesday, well below the Federal Government’s …

Source: Nairametrics - Neutral
Published on May 15, 2025

Global crude oil market backwardation responsible for dropping oil prices and Cedi appreciation – Prince Ellis Antsroe

The claims that the current dropping of the oil prices at the pump and the declining of the dollar against the Ghana Cedi is predominantly as a result of some extraordinary economic measures put in place by the President John Mahama-led administration are …

Source: Joy FM - Indeterminate
Published on May 15, 2025

Africa has manifestos but no dreams

In the course of independence jumped into democracy. A new black elite took over the reign of n nations with Pan-nism on their lips not knowing the road to achieve the destiny nor the exact meaning of it. Dr. Kwame Nkrumah propagated the slogan: „ When the …

Source: Modern Ghana - Neutral
Published on May 15, 2025

BREAKING: Nigeria averages 1.486mbpd in April 2025 according to OPEC

Nigeria averaged a crude oil production output of 1.468mbpd in the first quarter of 2025, much lower than the 2mbpd target set by the government. This is according to information in OPEC’s latest Monthly Oil Report for May 2025, published on the website of …

Source: Nairametrics - Neutral
Published on May 15, 2025

OPEC expects slower 2025 oil supply growth

Crude Oil Price Movements In April, the OPEC Reference Basket (ORB) value declined by $5.02, or 6.8%, m-o-m, to average $68.98/b. The ICE Brent front-month contract declined by $5.01, or 7.0%, m-o-m, to average $66.46/b, and the NYMEX WTI front- …

Source: Hellenic Shipping News - Neutral
Published on May 14, 2025

OPEC: Nigeria retained position as Africa’s biggest oil producer in April

The Organization of the Petroleum Exporting Countries (OPEC) says Nigeria retained its position as Africa’s largest crude oil producer in April. In its latest monthly report on Wednesday, the oil cartel said Nigeria’s oil output increased to 1.48 million …

Source: The Cable - Neutral
Published on May 14, 2025

Ghana's Mahama Fine Tuning Regime to Accelerate Crude Extraction

Ghana is encouraging investors to get the country’s crude out of the ground to avoid the assets from getting stranded amid a global decarbonization push. The government is ready to roll out the “red carpet” to any investor prepared to drill and pump crude, …

Source: Rigzone - Neutral
Published on May 13, 2025

Media trial stifling Nigeria’s oil sector performance – AEC

The African Energy Council (AEC) has claimed that the series of “media trials, needless probes, and investigations” being conducted in the oil and gas sector is stifling the growth and development of the sector. The council, in a statement issued on …

Source: PM News - Indeterminate
Published on May 13, 2025

Naira faces U.S dollar resurgence amid Nigeria’s oil production boost

The Nigerian currency oscillated between the N1,620.25/$ support line in the unofficial market amid the resurgence of the dollar in the global financial market. The naira’s depreciation was driven by demand-side concerns, with individuals and …

Source: Nairametrics - Neutral
Published on May 13, 2025

Another African country is making an aggressive push to become a major oil player

Strategic infrastructure initiatives, international alliances, and regulatory reforms are helping to establish the country as a vital energy center in southern Africa. Partnerships with other oil-producing African countries As recently reported, Mozambique …

Source: Business Insider Africa - Neutral
Published on May 13, 2025

Experts List Obstacles To FG 2.5mbpd Oil Production Target

ABUJA – Analysts have identified several obstacles to Nigeria’s ambitious target of producing 2.5 million barrels of oil per day by 2026, a goal set for the Nigerian National Petroleum Company Limited (NNPCL) by President Bola Ahmed Tinubu. The Minister …

Source: Daily Independent - Pending
Published on May 13, 2025

Ojulari: NNPC to Resume Drilling in Kolmani Field, Issues with Dangote Refinery Resolved

•Says conflicts will no longer be resolved on newspaper pages •Nigeria’s April oil output rises marginally, reaches 3-month high Emmanuel Addeh in Abuja Contrary to insinuations that Nigerian National Petroleum Company Limited (NNPC) had halted the …

Source: This Day - Pro-Government
Published on May 14, 2025

Dangote refinery cancels June maintenance plan for gasoline section

Nigeria’s Dangote Oil Refinery has reportedly cancelled planned maintenance on its 204,000 barrels-per-day gasoline-producing unit for June, having carried out the necessary work during an unplanned shutdown from April 7 to May 11, according to industry …

Source: Business Insider Africa - Neutral
Published on May 13, 2025

Commodity Traders are the Market Makers of a New Era

As geopolitical instability, sanctions, and supply chain shocks become commonplace, physical commodity traders have emerged as indispensable agents to maintain the flow of energy, food, and raw materials. By leveraging political and commercial networks, as …

Source: Oil Price - Neutral

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Published on May 15, 2025 - 16:00 GMT

Everyone’s Watching the Fed—But a $150 Trillion U.S. Asset Could Be the Real Key to Lower Gas Prices, Says Ex CIA ...

WASHINGTON, May 15, 2025 (GLOBE NEWSWIRE) -- As media headlines obsess over interest rate cuts, Wall Street volatility, and OPEC negotiations, one critical story has flown under the radar. According to former CIA advisor Jim Rickards, the biggest driver of …

Distribution channels: Consumer Goods, Media, Advertising & PR ...
Published on May 13, 2025 - 11:20 GMT

US oil sector expresses disappointment with Trump

(MENAFN) The US oil industry is increasingly dissatisfied with President Donald Trump’s policies, with falling crude prices and tariffs putting pressure on producers, particularly smaller ones, according to Bloomberg. During his campaign, Trump’s “drill, …

Distribution channels: ...

Published on May 15, 2025 - 05:30 GMT

Vallourec First Quarter 2025 Results

Meudon (France), May 15th, 2025 Vallourec, a world leader in premium tubular solutions, announces today its results for the first quarter 2025. The Board of Directors of Vallourec SA, meeting on May 14th 2025, approved the Group's first quarter 2025 …

Distribution channels: Business & Economy, Technology ...
Published on May 16, 2025 - 19:30 GMT

Washington Never Talked About It—But a $150 Trillion U.S. Asset May Now Be the Center of Trump’s New Energy Push, Says ...

WASHINGTON, D.C. , May 16, 2025 (GLOBE NEWSWIRE) -- Ask most Americans where the next breakthrough in energy relief will come from, and you’ll likely hear the same tired answers: OPEC deals, tax rebates, fuel economy tweaks. But former CIA advisor Jim …

Distribution channels: Business & Economy, Consumer Goods ...

Published on May 15, 2025 - 20:45 GMT

Trump’s Economic Reset May Hinge on a $150 Trillion U.S. Resource — and Almost No One Is Talking About It, Warns Former ...

WASHINGTON, May 15, 2025 (GLOBE NEWSWIRE) -- It’s been more than two decades since gas prices regularly hovered near $1 a gallon. And for millions of Americans, that memory feels like a distant relic — replaced by daily commutes, $80 fill-ups, and a sense …

Distribution channels: Consumer Goods, Politics ...
Published on May 15, 2025 - 10:00 GMT

Calfrac Reports First Quarter 2025 Results with Record Financial Performance in Argentina

CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three months ended March 31, 2025. The following press release should be read in …

Distribution channels: Business & Economy ...
Published on May 14, 2025 - 20:00 GMT

Birchcliff Energy Ltd. Announces Strong Q1 2025 Results and Declares Q2 2025 Dividend

CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q1 2025 financial and operational results. Chris Carlsen, Birchcliff’s President and Chief Executive Officer …

Distribution channels: Business & Economy ...
Published on May 14, 2025 - 06:58 GMT

Quanzhou Grand Pacific Chemical Achieves Mass Production in Q1; Cutting-Edge Technology Enhances Competitiveness

Quanzhou Grand Pacific Chemical Achieves Mass Production in Q1; Cutting-Edge Technology Enhances Competitiveness TAIPEI, TAIWAN, May 14, 2025 /⁨EINPresswire.com⁩/ -- Grand Pacific Petrochemical Corporation (GPPC, 1312) stated that the Quanzhou …

Distribution channels: Business & Economy, Chemical Industry ...

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Published on May 16, 2025 - 21:39 GMT

San Francisco Offers Free Hot Water Heaters to Advance Clean Energy

SACRAMENTO, CA, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- San Francisco continues to lead the charge in the fight against climate change with its innovative new program aimed at eliminating gas-powered appliances and transitioning …

Distribution channels: Emergency Services, Energy Industry ...
Published on May 16, 2025 - 21:26 GMT

Bay Area Moves Toward a Greener Future: Gas Water Heaters to Be Phased Out

SACRAMENTO, CA, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- The Bay Area Air Quality Management District (BAAQMD) has announced a pioneering regulation to prohibit the sale and installation of gas water heaters in the Bay Area starting in …

Distribution channels: Emergency Services, Energy Industry ...
Published on May 16, 2025 - 21:12 GMT

Virtue Solar Earns SWaM Certification to Help Power Local Projects

CHARLOTTESVILLE, VA, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- Virtue Solar, a locally owned and operated solar installation company, is proud to announce it has received official certification through Virginia’s SWaM program (Small, Women-owned, …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on May 16, 2025 - 19:16 GMT

Chairman Mert Şener Charts Bold International Growth for MES Group

MES Group Embarks on Ambitious Global Expansion NEW YORK, NY, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- Mert Şener, Chairman of the Board of MES Group of Companies and President of the Turkish Education Federation, today publicly …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 16, 2025 - 16:08 GMT

Meta Power Solutions to Exhibit at RE+ Tradeshow in Las Vegas, September 8–11, 2025

LAKE PARK, FL, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- Meta Power Solutions, a leading manufacturer of advanced electrical power distribution equipment, is excited to announce its debut at the RE+ Tradeshow, taking place September 8–11, 2025, …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on May 16, 2025 - 14:00 GMT

Milesight Unveils Smart Restroom Occupancy Management Solution to Enhance Facility Efficiency and Customer Experience

XIAMEN, FUJIAN, CHINA, May 16, 2025 /⁨EINPresswire.com⁩/ -- In response to growing demands for more efficient facility operations and improved public hygiene, Milesight has launched a Smart Restroom Occupancy Management Solution designed to help …

Distribution channels: Building & Construction Industry, Education ...
Published on May 16, 2025 - 13:25 GMT

Vision Air Conditioning Introduces Industry-Leading Ice Rink Dehumidifier Solutions in Canada

Vision Air Conditioning unveils advanced desiccant dehumidifiers for Canadian rinks-no fog, better ice, and up to 30% energy savings. EDMONTON, ALBERTA, CANADA, May 16, 2025 /⁨EINPresswire.com⁩/ -- Vision Air Conditioning Trading Corp., the …

Distribution channels: Business & Economy, Chemical Industry ...
Published on May 16, 2025 - 13:00 GMT

Milesight Unveils Smart Restroom Occupancy Management Solution to Enhance Facility Efficiency and Customer Experience

XIAMEN, FUJIAN, CHINA, May 16, 2025 /⁨EINPresswire.com⁩/ -- In response to growing demands for more efficient facility operations and improved public hygiene, Milesight has launched a Smart Restroom Occupancy Management Solution designed to help …

Distribution channels: Building & Construction Industry, Education ...
Published on May 16, 2025 - 12:45 GMT

Excelsior University Enrolling Students in New Executive MBA program

The program combines flexible online coursework and immersive on-location learning in three cities; online info sessions will be held May 20 and June 5. ALBANY, NY, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- Excelsior University is …

Distribution channels: Business & Economy, Companies ...
Published on May 16, 2025 - 12:00 GMT

Milesight Unveils Smart Restroom Occupancy Management Solution to Enhance Facility Efficiency and Customer Experience

XIAMEN, FUJIAN, CHINA, May 16, 2025 /⁨EINPresswire.com⁩/ -- In response to growing demands for more efficient facility operations and improved public hygiene, Milesight has launched a Smart Restroom Occupancy Management Solution designed to help …

Distribution channels: Building & Construction Industry, Education ...
Published on May 16, 2025 - 11:13 GMT

Think Tank Identifies 10 Technologies to Enhance EU Security and Prosperity

The critical investments the EU can’t afford to miss COPENHAGEN, DENMARK, May 16, 2025 /⁨EINPresswire.com⁩/ -- 10 critical emerging technologies have the potential to dramatically enhance both Europe's security preparedness and economic …

Distribution channels: Energy Industry, IT Industry ...
Published on May 16, 2025 - 11:09 GMT

TendersOnTime arrive en France : une plateforme unique pour les appels d’offres français et internationaux

PARIS, FRANCE, May 16, 2025 /⁨EINPresswire.com⁩/ -- Global Tenders Services Pvt Ltd, société mère de la plateforme internationale TendersOnTime.com, annonce officiellement le lancement de ses services en France. Cette initiative vise à accompagner …

Distribution channels: Agriculture, Farming & Forestry Industry, Automotive Industry ...
Published on May 16, 2025 - 10:01 GMT

NEQSOL Holding Partners with Swiss GRC to Digitalize Governance, Risk, and Compliance Across Global Operations

Swiss GRC platform to power NEQSOL Holding's digital evolution in governance, risk and compliance management BAKU, AZERBAIJAN, May 16, 2025 /⁨EINPresswire.com⁩/ -- NEQSOL Holding, a diversified international group operating in telecommunications, …

Distribution channels: Business & Economy, Energy Industry ...
Published on May 16, 2025 - 10:00 GMT

Rho Impact and Vibrant Data Labs Partner to Unify Climate Impact and Climate Capital Flow Data

Rho Impact and Vibrant Data Labs team up to connect climate capital with climate outcomes, helping funders track where money goes and what it really achieves. CHARLOTTESVILLE, VA, UNITED STATES, May 16, 2025 /⁨EINPresswire.com⁩/ -- New …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 16, 2025 - 21:30 GMT

North American Construction Group Ltd. Announces Voting Results Of Annual Meeting Of Shareholders

ACHESON, Alberta, May 16, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) today announced the results of its Annual Meeting of Shareholders held on May 14, 2025. Shareholders elected …

Distribution channels: Business & Economy, Energy Industry ...
Published on May 16, 2025 - 09:19 GMT

leagend SOLUTIONS Launches Precision Coulomb Counter Solution to Tackle Industry-Wide Battery Monitoring Challenges

leagend SOLUTIONS has launched its cutting-edge Coulomb Counter Solution to face persistent challenges in real-time battery monitoring and management. SHENZHEN, GUANGDONG, CHINA, May 16, 2025 /⁨EINPresswire.com⁩/ -- As industries from electric vehicles to …

Distribution channels: Automotive Industry, Electronics Industry ...
Published on May 16, 2025 - 08:48 GMT

leagend Presents Innovative Lead-Acid Battery Charger ODM Solution for Automotive and Emergency Power Sectors

leagend SOLUTIONS officially announced its Lead-Acid Battery Charger ODM Solution, tailored for the growing demands of the backup power industries. SHENZHEN, GUANGDONG, CHINA, May 16, 2025 /⁨EINPresswire.com⁩/ -- leagend, a specialist in …

Distribution channels: Automotive Industry, Electronics Industry ...
Published on May 16, 2025 - 17:38 GMT

Valeura Announces Voting Results

CALGARY, Alberta, May 16, 2025 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (the "Corporation" or "Valeura"), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, is …

Distribution channels: Business & Economy, Energy Industry ...
Published on May 16, 2025 - 05:16 GMT

Global Rig And Oil Field Market Growth: Projected To Reach $96.08 Billion By 2029 With An Impressive 6.9% CAGR

The Business Research Company’s Rig And Oil Field Global Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, May 16, 2025 /⁨EINPresswire.com⁩/ -- The Business Research Company’s Latest …

Distribution channels: Business & Economy, Energy Industry ...
Published on May 16, 2025 - 17:00 GMT

FST Corp. Announces 27 Percent Revenue Growth for 2024 vs. 2023

BOULDER, CO, May 16, 2025 (GLOBE NEWSWIRE) -- FST Corp. (Nasdaq: KBSX), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today announced that, for the fiscal year ended December 31, 2024, …

Distribution channels: Energy Industry, Environment ...