The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the 2026 Licensing Round will commence latest by third quarter of 2026 having received the approval of the Minister of Petroleum Resources in line with the Petroleum Industry Act.
When the day comes, the reopening of the Strait of Hormuz will be an extraordinary event: restarting about 10,000 oil wells, pumping roughly 15 per cent of the world’s production, that had been shut down for a hundred days and counting. Nothing even remotely close has been attempted – ever.
India can comfortably withstand a disruption in oil supplies through the Strait of Hormuz for about a month and does not expect crude prices to remain elevated for long, Petroleum Minister Hardeep Singh Puri told CNN-News18, citing the country’s fuel inventories, diversified sourcing strategy and expanding energy infrastructure.
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Nigerian independent energy firm, Heirs Energies Limited, has been recognised on the global stage after its landmark $750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named the Best Oil & Gas Deal of the Year at the EMEA Finance Project Awards 2026.
Adani Group’s ports arm expands its global maritime footprint with entry into South America; project to support Argentina’s LNG exports to India
Seven OPEC+ members agreed Sunday to lift their combined oil output target by 188,000 barrels per day from July, but analysts say the increase may deliver little actual supply while the Strait of Hormuz remains blocked by the Iran conflict.
The Bank of Ghana Governor, Dr. Johnson Asiama, has expressed confidence that the country has built the required reserves to help withstand oil price shocks.
Private oil refinery firm Sentuo Oil Refinery is expected to receive a significant consignment of crude oil from Ghana’s offshore fields today for local processing.
Nigeria’s Dangote Petroleum Refinery is redrawing fuel trade routes across Africa after a performance test pushed crude processing to 700,000 barrels per day, exceeding its 650,000 bpd nameplate capacity for the first time.
Eni has entered Gambia’s upstream sector after signing a petroleum exploration, development and production license agreement for offshore Block A1 with the Government of The Gambia.