Tag: Oil and Gas
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Producers Rush to Hedge as Henry Hub Natural Gas Soars
Unprecedented Rally pushes hedging to the forefront The Henry Hub natural gas price for February jumped dramatically, doubling in a matter of days as bitter cold swept across major consuming regions. The surge, described by traders and analysts as the largest one-week rally since at least 1990, is forcing oil and gas producers to reevaluate…
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Africa Is Set to Dominate Global High-Impact Oil and Gas Drilling in 2026
Introduction: Africa’s Upstream Momentum in 2026 As the global oil and gas landscape enters 2026, Africa stands out as a region poised to dominate high-impact upstream activity. With a sustained uptick in wildcat drilling, a higher success rate than the previous year, and a growing portfolio of world-class basins, the continent is reshaping the global…
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Producers Rush to Hedge as Exploding Natural Gas Prices Fuel Historic Rally
Surge in Henry Hub Prices Triggers Widespread Hedging The Henry Hub natural gas price for February surged, more than doubling in a single week as frigid weather stretched across major consuming regions. The dramatic move lit a fire under risk management efforts in the oil-and-gas sector, prompting producers to aggressively lock in hedges to shield…
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Africa Set to Lead High-Impact Oil and Gas Drilling in 2026
Africa Poised to Dominate High-Impact Drilling in 2026 The upstream oil and gas sector is entering 2026 with renewed momentum, and Africa stands at the forefront of a global shift toward high-impact drilling. After a solid year in 2025, the region’s wildcat drilling activity is expected to stay elevated, supported by improving success rates, favorable…
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NUPRC and NRS Forge Strong Partnership to Boost Nigeria’s Revenue Collection
New Alliance Aims to Transform Revenue Collection Nigeria is taking decisive steps to strengthen its fiscal framework through a formal partnership between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS). The collaboration, announced by NUPRC’s Chief Executive Officer, Mrs. Oritsemeyiwa E., signals a shared commitment to improve revenue collection from…
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Paragon Oil PEL 37 Renewal: Legal Review Ordered by Namibia’s President
Overview: President Intervenes in Paragon Oil PEL 37 Renewal Namibia’s President, Netumbo Nandi-Ndaitwah, has directed the Attorney General to prepare a legal opinion on the renewal of Paragon Oil & Gas’s petroleum exploration licence (PEL) for block PEL 37. The move comes as questions and controversy continue to swirl around the circumstances surrounding the block’s…
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U.S. Natural Gas Prices Surge 45% as Arctic Cold Sends Gas Markets Rally
Arctic Cold Sparks a Sharp Rally in U.S. Natural Gas U.S. natural gas futures surged by more than 45% in just two trading days as a brutal Arctic air mass descends on the eastern United States. The early-week rally sent prices to levels not seen in months, underscoring how extreme weather can rapidly reshape energy…
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Global LNG Supply Surge Sparks Near-Term Price Slump
Overview: An Awakened LNG Market The global liquefied natural gas (LNG) market faces a notable shift as new export projects come online and existing facilities ramp up production. Analysts expect a roughly 10% year-on-year increase in global LNG supply, a development likely to relieve previous tightness and put downward pressure on prices in the near…
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Global LNG Supply Surge Threatens Near-Term Price Slump
Overview: A Market Moving toward Abundance The global liquefied natural gas (LNG) market is moving from a period of tight supply into a potential surplus, with analysts predicting a roughly 10% year-on-year increase in global LNG supply. New export projects coming online, along with rapid ramp-ups at recently commissioned facilities, are reshaping the balance between…
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Global LNG Supply Surge Signals Near-Term Price Slump
Global LNG Supply Surge Sets the Stage for a Price Shakeout The global liquefied natural gas (LNG) market is poised for a notable shift as new export projects come online and existing facilities ramp up production. Analysts cited by Reuters project a roughly 10% year-on-year increase in global LNG supply, potentially moving the market from…