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Brent Once Again Toiling Around $100 Mark

The price of the global crude benchmark, Brent, is once again toiling around $100 per barrel as its reasons for trading much beyond the...

OPEC Holds Meetings With 2nd, 3rd Biggest Oil Consumers

In statements posted on its website recently, OPEC revealed that it held meetings with the second and third biggest oil consumers in the world. OPEC...

HD Hyundai group swoops on Goltens

Goltens, the Dubai-headquartered marine engineering and repair firm has announced that it has entered into an agreement with HD Hyundai Marine Solution (HMS) enabling...

When conditions become marginal, who makes the call?

Nobody really wants to be the person who stops the job. That's the uncomfortable truth behind every marginal sea state conversation offshore. The bridge team...

$533 million lands on Arabian Drilling’s backlog for rig quartet deal

Arabian Drilling's backlog has surged to nearly $5 billion after a four-rig award from the Aramco-Kuwait Petroleum Corporation joint venture (JV). Arabian Drilling, described as...

Constellation’s greener drilling tech fetches ABS go-ahead as duo signs up for decarbonization quest

As offshore drillers up the ante on technological advancements to curb their carbon footprint, Constellation Oil Services, a Brazilian offshore drilling contractor, has seen...

Yinson Production and Eni amplifying African FPSO’s gas capacity

Yinson Production has locked in a $600 million backlog boost after signing a contract amendment with Eni to overhaul an FPSO offshore Ghana With declining...

CBN returns N10.9trn liquidity through OMO repayments

The Central Bank of Nigeria (CBN) returned about N10.89tn to the financial system in September 2026 through the repayment of maturing Open Market Operations...

Many feared dead as helicopter crashes in Ondo

Many people were feared killed after a helicopter crashed in Igbokoda, the headquarters of Ilaje Local Government Area of Ondo State, on Monday. According to...

Pegasus Airlines installs new CEO and CFO at Smartwings following takeover

Smartwings has appointed a new CEO and CFO following the confirmation that Pegasus Airlines has completed acquisition of Czech Airlines and Smartwings Group. On October...

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