Ayeni Akinola

Sahara Group Hosts #M.A.DwithNAEC Workshop to Drive Excellence in Energy

Sahara Group, in collaboration with the Association of Energy Correspondents of Nigeria (NAEC), has announced its “Making A Difference: Workshop” aimed at Championing Excellence and Sustainability in Energy Reporting. Tagged “#M.A.DwithNAEC Workshop”, the annual initiative is designed to support energy reporters to hone both their journalistic craft to effectively drive Nigeria’s energy sector reforms and the […]Read More

Ikeja Electric, Epe community leaders form alliance to combat vandalism

In a concerted effort to combat the growing menace of electrical infrastructure vandalism, Ikeja Electric (IE) held a key stakeholder engagement forum with community leaders, the National Youth Council, security agencies, the Epe LGA, Ikosi-Ejirin and Eredo LCDAs.  The meeting, held at the Epe Local Government Secretariat, brought together top management from Ikeja Electric and […]Read More

Exxon Confirms Significant Reserves at Cyprus Gas Discovery

September 26, 2025 Exxon has estimated the size of a natural gas discovery off the coast of Cyprus at between 8 and 9 trillion cubic feet, local media has reported, citing a meeting between the supermajor and the president of the island nation. “Based on preliminary data, combined with the existing ‘Glafkos’ field, [Pegasus] reserves […]Read More

Russian Black Sea Oil Shipments Resume After Drone Attacks

September 25, 2025 Oil loadings have resumed at Russia’s Novorossiysk hub after Ukrainian drone strikes forced a brief suspension at two of the Black Sea’s most strategic terminals, Russian TASS news agency reported on Thursday.  Operations at the Caspian Pipeline Consortium’s (CPC) terminal and Transneft’s Sheskharis facility were halted on Wednesday as unmanned aerial and maritime systems […]Read More

Chevron Flags $400 Million Hit From Hess Megadeal

September 25, 2025 Chevron is bracing for a quarterly dent of up to $400 million as the cost of absorbing Hess filters through its books. The company said Thursday it expects a third-quarter loss of $200 million to $400 million tied to the $55 billion acquisition, with adjusted earnings clipped by $50 million to $150 […]Read More

Oil Holds Gains After Crude, Products Inventory Draw

September 24, 2025 Crude oil inventories in the United States decreased by 600,000 barrels during the week ending September 19, after shrinking by 9.3 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The move brings commercial stockpiles to 414.8 million barrels according to […]Read More

Exxon Seeks to Recover Billions Lost in Sakhalin Exit

September 23, 2025 ExxonMobil has quietly signed a non-binding agreement with Russia’s state-run Rosneft that could open the door to recovering billions lost when it exited the Sakhalin-1 project after Moscow’s invasion of Ukraine. Sources told that Reuters the pact, inked in late August or early September, sets the terms for talks but stops short […]Read More

Global Nuclear Generation Set for a Slowdown

September 22, 2025 Global nuclear power generation is on course to decline after a record-breaking 2024 on insufficient investment and aging power plants, the World Nuclear Industry Status Report has warned. Ahead of the official release of the report, later today, Reuters wrote that, in addition to already announced new nuclear projects, 44 new nuclear power plants […]Read More

Chevron and Israel to Build Gas Pipeline to Egypt

September 17, 2025 Chevron and state-owned Israel Natural Gas Lines Ltd have signed an agreement to build a natural gas pipeline from Israel’s giant Leviathan gas field to Egypt, Leviathan project participant NewMed Energy has said.  Chevron’s unit Chevron Mediterranean Limited, the operator of the Leviathan Project, agreed with Israel Natural Gas Lines to provide transmission […]Read More

NUPRC: Komolafe assures energy players of clear, rewarding fiscal climate

Nigeria’s upstream petroleum regulator Commission (NUPRC) has urged international exploration and production companies to seize the opportunities presented in prevailing regulatory environment to invest in Nigeria’s oil and gas industry. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, declared at the ongoing AOW Energy Week in Accra, Ghana, that Nigeria […]Read More

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