Nog to advance energy ambitions for competitive, resilient economies

The Nigerian Oil and Gas (NOG) is set to advance energy ambitions aimed at building competitive and resilient economies.

Reports indicate that NOG plans to advance energy ambitions to support competitive and resilient economies. This initiative is highlighted in recent coverage from ThisDayLive. The effort aligns with broader goals in Nigeria's energy sector, though specific details on implementation remain limited in available information. Other related developments include concerns over the underutilisation of NCDMB’s $40m Women in Energy Fund, as noted by WIEN, and defenses by NEITI regarding federal government policies on oil and gas revenue remittances. Additionally, NIMASA has renewed its strategic partnership with the World Maritime University.

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Sinimulan na ng Philippine National Oil Co. (PNOC) ang pagbili ng dalawang milyong bariles na diesel mula sa global market upang palakasin ang fuel reserves ng bansa, ayon kay Finance Secretary Frederick Go. Iyon ay katumbas ng 10 araw na buffer stock at doble sa orihinal na plano. Inaasahan ang pagdating ng supply sa batches anumang oras ngayong linggo.

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At the Southern Africa Oil and Gas Conference in Cape Town, Minister Gwede Mantashe urged harnessing South Africa's oil and gas resources amid disruptions from the US-Israeli war on Iran. He stressed legislative urgency to avoid litigation delays. Industry leaders echoed calls for diversified energy portfolios.

China National Offshore Oil Corporation (CNOOC), the country's largest producer, plans to boost oil and gas output to 780-800 million barrels of oil equivalent (BOE) in 2026, up to 3% from 2025's record. The announcement follows an 11.5% drop in 2025 net profit due to low oil prices despite record volumes.

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Nagpahayag ng pasasalamat ang Malacañang sa mga lokal na pamahalaan at pribadong sektor dahil sa kanilang mga hakbang upang mapabuti ang epekto ng krisis sa Gitnang Silangan, partikular sa mahihirap na sektor. Ayon kay Executive Secretary Ralph Recto, ang mga inisyatiba na ito ay nagbibigay ng seguridad sa enerhiya sa bansa. Binanggit niya ang mga pagtutulungan tulad ng pagdadagdag ng suplay ng gasolina at libreng transportasyon.

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