Author: Rareview

By Rareview Energydesk The oil market is confronting one of its most severe supply disruptions in years, yet crude prices have so far defied the more dramatic forecasts of a return to $120 or even higher. For much of the latest escalation in the U.S.-Iran conflict, Brent crude remained below the psychologically important $100-a-barrel threshold, despite a sharp reduction in Middle East exports and growing risks around the Strait of Hormuz and the Red Sea. That resilience, however, is beginning to look less certain. Brent moved above $100 this week as attacks on shipping and energy infrastructure intensified, while concerns over prolonged disruption pushed the market towards a fresh supply squeeze. At the heart of the puzzle is the Strait of Hormuz, through which a substanti...

By Ono Yima The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned investors awarded flare gas sites under the Nigerian Gas Flare Commercialisation Programme (NGFCP) that they risk losing their permits if they fail to demonstrate meaningful progress in developing and utilising the sites. The Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, issued the warning during a working visit to the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, in Abuja on Tuesday, September 8, 2026. Eyesan, who presented an update on the implementation of the NGFCP, said the Commission had instituted a monitoring process to ensure that awards translate into actual projects capable of capturing and commercialising gas that would otherwise be flared. “On...

See caption below THE forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery presents Nigerians with a rare opportunity to transition from being mere consumers of energy products to becoming owners of one of the country’s most important industrial assets. President and Chief Executive of Dangote Industries Limited, Aliko Dangote, said the planned listing represents more than a financial transaction. According to him, it offers Nigerians a chance to participate directly in the value chain of products and services that affect their daily lives. For decades, millions of Nigerians have spent a significant portion of their income on transportation, power generation, logistics, and other activities dependent on refined petroleum products. The Dangote Refinery IP...

Dr Uwem Ite, Head of Community Relations, Oriental Energy Resources Ltd., delivering the Managing Director’s address at a three-day capacity-building training in Uyo.‌‌‍‌‍‍ ORIENTAL Energy Resources Ltd. has renewed its commitment to supporting good governance and sustainable development in its host communities in Akwa Ibom. The Managing Director of the company, Mr Mustafa Indimi, said this on Wednesday at a three-day capacity-building programme for officials of the Effiat and Mbo Host Communities Development Trust (EMHCDT) in Uyo. Indimi, who was represented by Dr Uwem Ite, Head of Community Relations, said the company, as settlor of the Trust, remained committed to delivering sustainable development benefits to the host communities. He said Oriental Energy had been delibe...

By PR The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Shell Nigeria Exploration and Production Company (SNEPCO) Limited and Geoplex Drillteq Limited, on Thursday in Port Harcourt graduated seven young Nigerian engineers and geologists in Directional Drilling and Evaluation Services (DD/MWD) and Electric Wireline Evaluation Services (EWL) for which the trainees collectively received 18 international certifications from reputable European organisations. Under the contractual framework provided by SNEPCO, Directional Drilling and Evaluation exposed the trainees to jar maintenance, bottom-hole assembly components, measurement-while-drilling principles, formation integrity and leak-off test procedures. For Electric Wireline Services, they had hands-o...

By PR A Train-the-Trainer Programme on Industry-relevant Technical Skills, Digital Technologies and Competency-based Teaching Methodologies for Vocational and Technical Teachers got underway in Yenagoa, Bayelsa State, on Monday with 88 teachers enrolled and in attendance. The five-day programme, sponsored by the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with the Bayelsa State Ministry of Education, is designed to equip the teachers with contemporary technical insights, digital tools, and competency-based instructional methods. The participants are expected to transition from traditional theory-heavy teaching to practical, outcome-driven methodologies that would position them to mould a generation of professionals ready to lead in industrial and ...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) will host the fifth edition of its Book Reading Programme on Tuesday, September 15, 2026, featuring writer, journalist, public policy analyst and strategic communicator, Paul C. Nwabuikwu. This edition will focus on Nwabuikwu’s recently published book, The Pain and the Promise: Insights and Fragments on Nigeria and People, Public and Personal. The book brings together writings spanning more than three decades and reflects the author’s broad engagement with Nigeria, its people, politics, economics, public policy and the changing character of society. The book reading programme is part of NCDMB’s sustained effort to promote literacy, critical thinking and knowledge exchange through structured engagement with lea...

By PR Thirty-eight young graduates of engineering and geosciences on Friday in Port Harcourt completed kick-off formalities for a 12-month Nigerian Content (NC) Human Capacity Development (HCD) Training Programme on the Provision of Turnkey Joint Venture (JV) Services for Workover and Recompletion of Obiafu 44 Well. Located in the Obiafu-Obrikom Field (Oil Mining Lease 61) within the Niger Delta, the Well is a strategic offshore gas-condensate asset. Structured into six months of intensive classroom instruction and six months of on-the-job training, the programme covers Basic Drilling Engineering Operations, Well Planning and Design, Measurement While Drilling (MWD), Logging While Drilling (LWD), Drilling Rigs Operation and Well Logs Data Analytics Theoretical/Practical Trai...

By Rareview News Report I’ve cross-checked the supplied account with Naftogaz’s statement, Reuters and AP reporting. One important correction is that the Hague award is now being described in current reporting as $4.22 billion plus interest and costs, rather than “more than $5 billion”; the roughly $5 billion figure appears to have been used in earlier reporting when interest and other costs were included. The Norwegian court ordered the seizure on August 31, 2026, and the vessel was detained at Barentsburg on September 2. Norway Seizes Russian Cruise Ship Over $4.22bn Naftogaz Claim Norwegian authorities have seized a Russian-owned expedition cruise ship in the Arctic archipelago of Svalbard at the request of Ukraine’s state-owned energy company, Naftogaz, in a move aimed at ...