The global energy landscape continues to evolve, with notable shifts happening right here in Nigeria and across international markets. At Deepshores Energy, we remain committed to keeping our community informed about the trends, risks, and opportunities shaping the sector. Here’s a breakdown of the most impactful news stories from the past week.
1. Nigeria Plans Strategic Petroleum Reserve for 2025
In a major policy announcement, the Nigerian government revealed plans to develop a national strategic petroleum products stockpile. The aim is to cushion the country from future global supply shocks, enhance energy security, and stabilize the market in times of emergency.
Deepshores Insight:
This move aligns with our belief in proactive energy planning. A national reserve will not only boost local capacity but also support companies like Deepshores in fulfilling large-scale product delivery without disruption.
2. Pipeline Sabotage Hits Bayelsa
Oando Plc confirmed three recent sabotage attacks on its pipelines in Bayelsa State. The incidents affected the Tepidaba-Brass crude line and Ogboinbiri/Obiobi gas link, disrupting flow and prompting emergency repair operations.
Deepshores Insight:
The reoccurrence of pipeline sabotage reflects ongoing security challenges. We continue to prioritize safe routing, marine logistics, and site monitoring to protect our supply chains in volatile regions.
3. Global Oil Demand Forecast Lowered
The International Energy Agency (IEA) revised its global oil demand growth for 2025 down by 300,000 barrels per day, citing trade war tensions and slowing economic growth.
Deepshores Insight:
Reduced demand forecasts could impact pricing, investment timelines, and capacity planning. However, it’s also a call for diversification and sustainability—two areas where Deepshores is growing.
4. Oil Prices Slip Amid U.S.-Iran Negotiation Progress
Oil prices fell nearly 3% last week, with Brent crude trading below $60 per barrel. This decline is linked to renewed diplomatic talks between the U.S. and Iran, which could lead to more Iranian oil entering the market.
Deepshores Insight:
Volatility is part of our industry. We stay agile by monitoring real-time market movements, advising our clients on timing, and offering flexible procurement plans.
5. China Secures LNG Supply Deal with UAE
In a significant development, China’s CNOOC signed a five-year LNG supply agreement with ADNOC of the UAE. This move aims to reduce China’s exposure to U.S. energy tariffs amid ongoing trade tensions.
Deepshores Insight:
The global LNG space is shifting, and Africa (especially Nigeria) has the opportunity to become a reliable player in gas exports—if infrastructure and investment continue to grow.
Final Thoughts
From domestic policy to international diplomacy, the energy sector continues to face dynamic pressures and exciting possibilities. At Deepshores Energy, we stay informed and prepared, helping our clients navigate uncertainty with confidence.📩 Want more weekly updates like this?
Subscribe to our newsletter or follow us on social media for the latest energy insights.