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EntekHub

Name: EntekHub
Address: 79 Lewis Street, Anchoria House (1st floor), Lagos, 234, NG
Telephone: +2347052290067
Price range: Not applicable

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01/11/2026

Happy New Month! Welcome to November.

A new month brings new energy, bigger opportunities, and a chance to create greater impact.

At EntekHub, we believe ENERGY FUELS PROGRESS — and this November, we're powering forward with purpose, innovation and community.

Let's make it count. Together.
New Month, Bigger Opportunities, Greater Impact.

30/10/2026

TGIF! Good Work this week. Greater Things Ahead.

We end the week with pride, rest with peace, and step into a new week with more energy, more goals and more impact.

Same Team. Bigger Dreams. Brighter Tomorrow.

29/10/2026

Phillips 66 has reported record third-quarter profits, exceeding Wall Street expectations as global fuel supply disruptions linked to the wars in Iran and Ukraine pushed refining margins higher.

U.S. refiners have benefited from tighter fuel supplies and declining inventories, particularly as diesel prices surge. Other major refiners, including Valero Energy and HF Sinclair, have also reported record quarterly profits, while refinery utilization remains at multi-year highs.

Phillips 66’s realized refining margins rose to $38 per barrel in the third quarter, up from $24.08 in the previous quarter. The company also recorded a record distillate yield of 41%, reflecting its ability to capitalize on strong diesel and other fuel margins.

Executives attributed the performance to strong distillate demand and favorable shipping conditions, highlighting how supply disruptions are boosting refinery profitability even as higher fuel prices increase costs for consumers and businesses.

29/10/2026

Eni has awarded contracts to Baker Hughes and Saipem for its deepwater Cronos gas development offshore Cyprus, advancing plans to accelerate the project towards first gas.

Baker Hughes will supply subsea production systems, including subsea trees, wellheads, manifolds, controls and associated services, with initial equipment deliveries expected in the first half of 2027.

Saipem will undertake drilling operations using its Saipem 10000 drillship, with activities expected to begin between November 2026 and January 2027.
The project is considered a significant development for Eastern Mediterranean gas supplies.

The awards form part of Eni’s wider offshore expansion strategy across multiple regions. Baker Hughes has also secured work for the Geng North and Gehem gas condensate fields offshore Indonesia and an integrated well construction contract for Eni’s Baleine Phase 3 development offshore Côte d’Ivoire.

Meanwhile, Saipem has been awarded a drilling programme offshore Ghana, further strengthening its regional presence. The contracts reflect continued investment in deepwater gas developments and growing demand for subsea equipment, drilling services and offshore production technologies.

29/10/2026

European Union energy ministers are set to meet to discuss energy security and affordability ahead of the winter heating season, as conflicts involving Iran, Ukraine and Yemen disrupt energy infrastructure and shipping routes.

EU Energy Commissioner Dan Jorgensen warned that although Europe is not yet facing an immediate supply shortage, the situation remains serious.
The European Commission has begun discussions with refineries on increasing output, including potentially relaxing certain technical specifications, while Western countries have also agreed to accelerate the release of more than 400 million barrels of emergency oil stocks.

The EU will also consider proposed tax and grid fee reforms aimed at reducing electricity bills, including taxing electricity at a lower rate than natural gas. Meanwhile, European gas storage levels stand at 75% of capacity, down from 83% at the same time last year.

Wholesale gas prices briefly reached €100 per megawatt-hour on Wednesday, their highest level since December 2022, and are now around three times their pre-Iran war levels. The developments have heightened concerns over winter energy costs for households and businesses across Europe.

29/10/2026

Oil prices fell on Thursday, giving up part of the previous day’s gains as renewed hopes for peace negotiations between the United States and Iran eased concerns over potential Middle East supply disruptions.

Brent crude futures dropped 1.1% to $114.10 per barrel, while US West Texas Intermediate crude fell 1.3% to $101.45. According to market analysts, expectations that diplomatic talks could resume triggered selling pressure, although the decline remained limited by continued geopolitical uncertainty.

Supply concerns persisted amid escalating hostilities involving Yemen’s Houthis, Saudi Arabia, Iran and the United States.
Saudi-led coalition forces said they intercepted a ballistic missile fired towards the kingdom’s eastern region, while the Houthis had claimed an attack on Saudi Arabia’s Ras Tanura refinery, a facility with a capacity of 550,000 barrels per day.

Meanwhile, Qatari mediators presented Iran with a proposed deal to end the war involving the US and Israel, but a senior Iranian official rejected the ideas as unacceptable.
Tehran has nevertheless indicated that it remains open to diplomacy, leaving oil markets balancing hopes of de-escalation against the risk of further supply disruptions.

29/10/2026

Nigeria LNG Limited (NLNG) has warned that the country’s oil and gas resources alone are insufficient to attract the financing required to develop major energy projects.

Speaking at the 32nd Nigerian Economic Summit in Abuja, NLNG Managing Director and Chief Executive Officer Adeleye Falade said Nigeria’s main challenge is converting its natural resources into bankable projects that lenders are willing to finance.
He stressed that investors need confidence in stable investment terms, predictable earnings, reliable buyers for their output and operators capable of meeting their commitments.

Falade explained that energy projects often require substantial upfront capital, with investment recovery periods spanning 20 to 30 years, making policy consistency and long term certainty essential to investor confidence.

He cited NLNG’s Train 7 expansion, which secured financing in 2020 during the COVID 19 pandemic, as evidence that a credible investment framework can attract capital even during challenging economic conditions.
He emphasized that consistent implementation of agreed terms will be critical to unlocking Nigeria’s oil and gas potential and sustaining investment in the sector.

29/10/2026

TotalEnergies has completed the sale of its 10% non-operated interest in the Renaissance Joint Venture licences in Nigeria to Vaaris for $800 million.

However, the company will retain its full economic interest in three gas licences, OML 23, OML 28 and OML 77, which collectively account for 50% of the gas supplied to Nigeria LNG.
The transaction marks a change in the ownership structure of the joint venture while preserving TotalEnergies’ economic exposure to the three key gas assets.

TotalEnergies has operated in Nigeria for more than 60 years and currently employs over 1,800 people across its business segments.
Nigeria remains a major contributor to its hydrocarbon production, with output of 188,000 barrels of oil equivalent per day in 2025.

The company also operates approximately 540 service stations nationwide and says it remains committed to supporting local communities and the country’s socio-economic development.

29/10/2026

Dangote Petroleum Refinery and Petrochemicals has concluded its landmark Initial Public Offering (IPO), attracting investor applications from 120 countries across all six inhabited continents, including all 54 African countries.

Described as “The People’s IPO,” the offering was designed to broaden public participation in one of Africa’s largest industrial enterprises. Supported by banks, stockbroking firms, fintech platforms and capital market institutions, the transaction used digital technology and multiple distribution channels to expand access to investment opportunities beyond traditional institutional and wealthy investors.

Aliko Dangote, President and Chief Executive of Dangote Industries Limited, described the outcome as a demonstration of African confidence and the desire to own and benefit from the continent’s industries.

David Bird, Managing Director and Chief Executive Officer of the refinery, said the international response reflected investor confidence in the facility’s scale, operations and growth prospects.

The company said the milestone supports its broader Vision 2030 strategy, with continued emphasis on operational performance, long term shareholder value and strengthening Africa’s energy security.

29/10/2026

China’s exports of solar panels, wind turbines, electric vehicles and batteries are expected to help the world avoid 450 million metric tonnes of carbon dioxide emissions in 2026, according to an analysis by Finland based Centre for Research on Energy and Clean Air.

This is equivalent to Brazil’s annual emissions from fossil fuel consumption and represents about 2% of global annual emissions outside China.
The impact is increasing, with avoided emissions rising from 370 million tonnes in 2025, largely driven by growing imports from countries in the Global South seeking to reduce dependence on fossil fuels.

The analysis found that solar power accounts for the largest share of avoided emissions, particularly in sunny regions where countries are expanding renewable energy capacity.
It also estimated that the emissions avoided during the use of Chinese clean technology equipment outweigh the carbon dioxide released during manufacturing, with the environmental benefits offsetting production emissions in about six months.

Over the lifetime of equipment exported in 2026, avoided emissions could reach 8.4 billion tonnes of carbon dioxide, equivalent to the United States and India’s combined annual fossil fuel emissions.

Address

79 Lewis Street, Anchoria House (1st Floor)
Lagos
234

Opening Hours

Monday	08:00 - 17:00
Tuesday	08:00 - 17:00
Wednesday	08:00 - 17:00
Thursday	08:00 - 17:00
Friday	08:00 - 17:00

Telephone

+2347052290067

Website

https://entekhub.com/, https://youtube.com/@energyhubtv9148?feature=shared

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