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Beetaloo Energy Australia has signed a non-binding agreement with Halliburton to support the development of a proposed g...
30/07/2026

Beetaloo Energy Australia has signed a non-binding agreement with Halliburton to support the development of a proposed gas-to-power and data centre project in Australia's Northern Territory.

Under the agreement, Halliburton will provide technical expertise for gas resource assessment, drilling, field development, and scalable gas-fired power generation to help supply electricity for hyperscale data centres and artificial intelligence infrastructure.

The project will be centred on a 185-hectare site near Darwin and will utilize gas resources from the Beetaloo Basin. Beetaloo Energy said the initiative remains subject to feasibility studies, financing, regulatory approvals, and final partnership agreements as it continues to build a network of strategic partners for the project.

Shell more than doubled its adjusted earnings to $9.84 billion in the second quarter, exceeding market expectations as h...
30/07/2026

Shell more than doubled its adjusted earnings to $9.84 billion in the second quarter, exceeding market expectations as higher oil and gas prices, strong LNG and oil trading, and improved chemicals margins boosted performance.

The company benefited from increased market volatility caused by the Middle East conflict, despite lower production volumes resulting from disruptions at its Qatar operations.

The British energy major also recorded its highest quarterly profit and operating cash flow since 2022, while reducing its net debt significantly.

Although Shell maintained its $3 billion share buyback programme, it said repairs to its damaged Pearl gas-to-liquids facility in Qatar could take about a year, with the Middle East continuing to account for a significant share of its global oil and gas production.

Oil prices pulled back on Thursday after sharp gains in the previous session, as investors shifted their attention from ...
30/07/2026

Oil prices pulled back on Thursday after sharp gains in the previous session, as investors shifted their attention from escalating military tensions in the Middle East to the continued flow of crude oil through key regional export routes.

Although renewed U.S. strikes on Iran and retaliatory attacks raised geopolitical risks, markets remained relatively calm as oil exports from the Gulf continued despite disruptions around the Strait of Hormuz.

Analysts said the market is increasingly reacting to actual supply conditions rather than geopolitical headlines alone. While the Strait of Hormuz remains largely disrupted and Houthi attacks continue to threaten shipping in the Red Sea, significant volumes of Gulf crude are still reaching global markets, helping to limit further increases in oil prices.

Nigeria LNG Limited (NLNG) says its Train 7 project remains central to plans to expand production capacity by 35%, stren...
30/07/2026

Nigeria LNG Limited (NLNG) says its Train 7 project remains central to plans to expand production capacity by 35%, strengthen domestic gas supply, increase exports, and support Nigeria's long-term economic growth.

Once completed, Train 7 will increase NLNG's production capacity from 22 million to 30 million tonnes of LNG per year. The project will also raise liquefied petroleum gas (LPG) output by about 250,000 tonnes annually, helping ease cooking gas shortages in Nigeria.

NLNG's Managing Director and CEO, Adeleye Falade, described Train 7 as a strategic investment that demonstrates confidence in Nigeria's vast gas reserves and supports the country's industrialisation goals under the Federal Government's Decade of Gas initiative.

However, the company acknowledged that securing enough feedgas remains a major challenge. NLNG said it is working closely with regulators and upstream producers to improve gas supply for both existing facilities and the new Train 7 project.

The company also highlighted ongoing investments in environmental sustainability, including emissions monitoring, conservation projects at Finima Nature Park, and discussions on carbon capture and storage, alongside infrastructure projects such as the Bonny–Bodo Road, which has improved connectivity between Bonny Island and mainland Rivers State.

QatarEnergy (QE) purchased 33 spot LNG cargoes from the United States this year to maintain gas supplies to customers in...
30/07/2026

QatarEnergy (QE) purchased 33 spot LNG cargoes from the United States this year to maintain gas supplies to customers in South Korea, Taiwan, Bangladesh, India, and Japan after its exports were disrupted by the closure of the Strait of Hormuz during the Iran war.

The company declared force majeure on LNG shipments after the waterway was shut, temporarily preventing exports from one of the world's largest LNG producers.

The emergency purchases, valued at about $1 billion, were made to help fulfill customer demand and preserve Qatar's reputation as a reliable supplier.

The cargoes were sourced directly from U.S. producer Venture Global LNG and from some of its customers. Of the 33 cargoes, 28 have already been delivered, while the remaining five are on their way to South Korea, Taiwan, and India.

The move underscores the growing role of the United States as a major LNG supplier during periods of global energy market disruption.

The Nigerian Content Development and Monitoring Board (NCDMB) has commissioned a modern ICT Centre at Ika Comprehensive ...
30/07/2026

The Nigerian Content Development and Monitoring Board (NCDMB) has commissioned a modern ICT Centre at Ika Comprehensive High School in Akwa Ibom State to enhance digital education and equip students with essential technology skills.

Speaking at the event, the Minister of State for Petroleum Resources (Gas), Rt. Hon. Obongemem Ekperikpe Ekpo, described the project as an investment in the future of young Nigerians, supporting education, digital literacy, and youth empowerment.

The facility includes 50 networked computers, Starlink high-speed internet, smart learning equipment, and reliable power systems. NCDMB said the centre will help prepare students for computer-based examinations and future careers, while school officials and community leaders welcomed the project as a major step toward expanding access to quality digital learning.

Representing the NCDMB Executive Secretary, Dr. Abdulmalik Halilu said the project supports the Board's commitment to developing digital skills and preparing young Nigerians for opportunities in the oil and gas industry and the wider digital economy.

School officials and community representatives welcomed the project, noting that it will eliminate the need for students to travel to other towns for computer-based examinations such as JAMB while expanding access to quality digital education and research resources.

Japan has received its first shipment of Canadian crude oil since early 2025, reflecting efforts by refiners to diversif...
30/07/2026

Japan has received its first shipment of Canadian crude oil since early 2025, reflecting efforts by refiners to diversify supply sources amid ongoing disruptions to Middle East oil exports.

The cargo, transported through Canada's Trans Mountain pipeline and purchased by Japanese refiner Eneos, comes as tensions involving the U.S., Iran, and Houthi attacks continue to threaten oil shipments through key maritime routes.

The shift highlights Canada's growing role in supplying Asian energy markets, with exports to Asia now accounting for a larger share of crude shipments from the Trans Mountain pipeline.

Other Asian countries, including India, Malaysia, and Singapore, have also increased imports of Canadian crude as they seek alternatives to Middle Eastern supplies affected by regional conflict.

Dangote Petroleum Refinery and Petrochemicals FZE has filed key documents with the Securities and Exchange Commission (S...
29/07/2026

Dangote Petroleum Refinery and Petrochemicals FZE has filed key documents with the Securities and Exchange Commission (SEC), moving Africa’s biggest anticipated IPO a step closer.

The filing is a major regulatory milestone toward listing the 650,000 barrels-per-day refinery on the Nigerian Exchange.
The company is expected to use proceeds from the public offer to fund expansion, refinance debt, and strengthen operations.

If successful, the listing would be the largest IPO in Africa’s history, deepen Nigeria’s capital market, and give both local and foreign investors direct exposure to one of the continent’s most strategic energy assets.

The move also signals growing confidence in the refinery’s commercial viability and could set a new benchmark for large-scale infrastructure listings across Africa.

29/07/2026

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Industry experts have expressed differing views over the Federal Government's decision to grant Shell a production-linke...
29/07/2026

Industry experts have expressed differing views over the Federal Government's decision to grant Shell a production-linked tax incentive of $11.50 per barrel for the Bonga South West Aparo deepwater project.

Former Nigeria LNG Managing Director Babs Omotowa defended the incentive, arguing that it is necessary to unlock the long-delayed $20 billion investment, create jobs, boost government revenue, and increase oil production, drawing parallels with the incentives that helped establish Nigeria LNG.

However, energy analyst Kelvin Emmanuel criticized the package as overly generous, arguing that it gives operators excessive benefits at the expense of government revenue.

While acknowledging the need to attract investment, he questioned whether similar incentives would be extended to indigenous investors and warned that the concession could reduce federal earnings over the next decade.

The debate reflects broader discussions on balancing fiscal incentives with long-term national economic benefits as Nigeria seeks to revive investment in its upstream oil and gas sector.

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