February 06, 2026 Russian oil exports to India fell to less than 25% of the country’s total imports in December, from 34% in November, hitting the lowest in 38 months, The Hindu reported, citing data from the Indian Ministry of Commerce and Industry. Russian oil purchases in December were worth $2.71 billion, down from $3.72 […]Read More
February 6, 2026 The electricity regulatory firm established by the Lagos State Government has paid a courtesy visit to the Nigerian Electricity Regulatory Commission (NERC) aimed at strengthening regulatory collaboration and knowledge sharing. The board members of the Lagos State Electricity Regulatory Commission (LASERC) and the Lagos State Independent System Operator (LISO) were led by […]Read More
February 06, 2026 TotalEnergies is expanding its exploration portfolio offshore Namibia with acreage north of a block where a major oil discovery has been made, as the supermajor looks to boost activity in the new global exploration hotspot. TotalEnergies on Friday announced it had signed agreements to buy a 42.5% operated interest in the PEL104 […]Read More
February 06, 2026 A consortium comprising Chevron and a group led by an investment bank continues negotiations with Lukoil and U.S. officials to buy the Russian firm’s international assets, even as Lukoil has signed a preliminary non-exclusive deal with Carlyle, multiple sources with knowledge of the ongoing talks tell Reuters. Last week, Lukoil announced it […]Read More
February 5, 2026 Says it’ll unlock $12bn economic value for Nigeria, position the nation as halal-friendly tourism destination. Minister of Industry, Trade and Investment to Chair Strategy Committee. President Bola Ahmed Tinubu, GCFR, represented by Vice President, Senator Kashim Shettima, has launched Nigeria’s National Halal Economy Strategy aimed at positioning the country to tap into […]Read More
February 05, 2026 TotalEnergies has signed two clean firm power contracts to supply 3.3 terawatt-hours (TWh) to all major sites of aircraft manufacturer Airbus in Germany and the United Kingdom, the French supermajor said on Thursday as it continues to boost its integrated power portfolio with renewable electricity. Â Unlike other European majors such as […]Read More
February 05, 2026 As India is tentatively pulling back from buying Russian oil after the U.S. trade deal, Russia’s crude is being offered in China at widening discounts to attract Chinese refiners, trade sources have told Reuters.  This week, the discount of the ESPO blend that Russia ships from the Kozmino port in the Far […]Read More
February 3, 2026 President Bola Tinubu congratulates the chairman of the board of NNPC Limited, Ahmadu Musa Kida, on his 65th birthday on February 3. The President celebrates Kida’s sterling career in the public and private sectors, as well as his engagement with professional basketball. President Tinubu recalls that since joining Elf Petroleum Nigeria Limited, […]Read More
Nigeria Stands Ready With Africa, Global Partners To Deliver Secure, Affordable, Cleaner Energy Says energy remains central to peace, prosperity, global stability, unity among communities. February 4, 2026 President Bola Ahmed Tinubu has restated Nigeria’s readiness to collaborate with African nations, global partners and the private sector to deliver cleaner, affordable, inclusive, and more secure […]Read More
February 04, 2026 Crude oil inventories in the United States decreased by 3.5 million barrels during the week ending January 30, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 420.3 million barrels according to government data, which is 4% below the five-year average […]Read More
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