SweetCrude

Sweet Crude provides an overview of Nigeria's energy sector and has grown into a key source of information and oversight for the industry. It covers all aspects of the energy chain within Nigeria and acts as a bridge between Nigeria's energy landscape and those in Europe, the Middle East, and North America.

International

English

Online/Digital

Outlet metrics

Domain Authority

Ranking

Global

#2795208

Nigeria

#39178

Articles

PwC shuts operations in nine African countries

1 week ago | sweetcrudereports.com | Hector Igbikiowubo
Crude oil prices rise Wednesday on resumption of U.S.-China talks

1 week ago | sweetcrudereports.com | Hector Igbikiowubo

Lagos — Crude oil prices rose on Wednesday, buoyed by hopes of a breakthrough in U.S.-China trade negotiations, after a recent report citing sources close to the Chinese government suggested Beijing may return to the negotiating table. Optimism was further supported by China’s stronger-than-expected Q1 GDP growth of 5.4%, surpassing both its 5% annual target and analyst expectations of 5.1%, signaling a potential support for oil demand.
PENGASSAN orders workers to resume duties at Newcross after suspension lifted

1 week ago | sweetcrudereports.com | Hector Igbikiowubo

– Union vows to resist job insecurity tacticsMkpoikana UdomaPort Harcourt — The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has ordered its members at Newcross Exploration and Production Ltd to resume work immediately, following a resolution brokered at a tripartite mediation meeting convened by the Nigerian Upstream Investment Management Services, NUIMS.
Power restored to Rivers, Bayelsa as TCN reconnects vandalised transmission line

1 week ago | sweetcrudereports.com | Hector Igbikiowubo

Mkpoikana UdomaPort Harcourt — The Transmission Company of Nigeria, TCN, says it has reconnected the 132kV Owerri–Ahoada transmission line to the national grid, restoring bulk power supply to Bayelsa State and parts of Rivers State after a month-long blackout caused by vandalism. TCN announced that the restoration was completed at about 6:00 p.m. on Tuesday, following the reconstruction of four transmission towers — towers 71 to 74 — that were destroyed by vandals on March 11, 2025.
FG flags off CNG mother station for SS, SE in Akwa Ibom

1 week ago | sweetcrudereports.com | Hector Igbikiowubo

Mkpoikana UdomaPort Harcourt — Nigeria’s drive to expand natural gas access and reduce carbon emissions received a major boost as the Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, performed the groundbreaking of Guelph Gas Limited’s Compressed Natural Gas, CNG, mother station in Ibesikpo, Akwa Ibom State.
HYPREP takes delivery of some equipment for Ogoni power project

1 week ago | sweetcrudereports.com | Hector Igbikiowubo

Mkpoikana UdomaPort Harcourt — The Hydrocarbon Pollution Remediation Project, HYPREP, has announced the delivery of the first batch of equipment for the much-anticipated Ogoni Power Project, marking a significant milestone in efforts to restore energy access to oil-impacted communities in Ogoniland.
OPEC cuts oil demand forecast for 2025, 2026 as trade war continues

1 week ago | sweetcrudereports.com | Hector Igbikiowubo

Newswire – OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trump’s tariff onslaught takes a toll on consumption, while remaining more bullish than other forecasters. The cartel lowered demand growth projections for 2025 and 2026 by about 100,000 barrels a day (bpd), projecting an expansion of 1.3 million barrels a day — or approximately 1% — for each year, according to a report from its secretariat in Vienna.
Rivers threatens legal action against NBA over N300m AGC payment

1 week ago | sweetcrudereports.com | Hector Igbikiowubo

– Rejects ‘gift’ claim, demands immediate refund or face court actionMkpoikana UdomaPort Harcourt — The Rivers State Government has threatened legal action against the Nigerian Bar Association, NBA, over a N300 million payment initially made in anticipation of hosting the NBA’s 2025 Annual General Conference, AGC, in Port Harcourt.
IMF and Ghana agree programme review that will unlock $370m

1 week ago | sweetcrudereports.com | Hector Igbikiowubo

Abuja — The International Monetary Fund and Ghana’s Government have reached a staff-level agreement on a fourth review of its three-billion-dollar loan programme. The deal will unlock another 370 million dollars on completion by the Fund’s Executive Board. The gold, oil, and cocoa-producing nation is recovering from its most severe economic crisis in decades, with its cocoa and gold industries facing challenges. However, authorities had since taken measures to address policy and reform slippages.
Nigeria plans strategic petroleum reserve to counter supply shocks

1 week ago | sweetcrudereports.com | Hector Igbikiowubo

Abuja — The Nigerian government has announced plans to create a national strategic petroleum products reserve this year, to protect the economy from the volatility in the international market. While addressing the press, Farouk Ahmed, head of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, outlined the initiative as a key strategy to enhance energy security.