August 15, 2025 Algeria nears the conclusion of agreements with U.S. supermajors Exxon and Chevron to explore and invest in its shale gas resources as the North African country bets big on boosting its gas pipeline and LNG exports, the head of the Algerian energy regulator told Bloomberg. “The technical aspects have more or less been […]Read More
August 15, 2025 Hours before the Trump-Putin meeting in Alaska, Ukraine said it had struck an oil refinery in Russia and a Caspian port that Moscow uses to ship weapons from Iran for the war in Ukraine. Ukraine said it attacked overnight the Syzran refinery, owned by oil giant Rosneft and located in Russia’s Samara region, about 500 miles […]Read More
August 14, 2025 The oil price structure has started to slowly shift as prompt futures premiums are softening compared to later-dated contracts, signaling that the market believes supply would be plentiful as soon as peak summer travel season ends. The rise in supply from OPEC+ producers, as well as from Latin America and Europe, has […]Read More
August 14, 2025 India’s state-owned refiners, which paused Russian crude buying a few weeks ago, have now started to inquire traders about potential purchases of the flagship Russian crude Urals, sources familiar with the development told Reuters on Thursday. The biggest Indian state-owned refiners have pulled out of spot purchases of Russian crude for cargoes loading in […]Read More
August 14, 2025 Major data center operator Equinix has announced a series of agreements to secure advanced nuclear electricity, including power purchase agreements and a pre-order for microreactors, to fuel its data centers. The move comes as the growing energy demands of data centers, driven by technologies like generative artificial intelligence (AI), raise concerns about global power […]Read More
August 12, 2025 A week ago, U.S. President Donald Trump came down hard on India, doubling its tariff rate from 25% to 50% for fueling Putin’s war in Ukraine by continuing to buy massive quantities of Russian oil. We reported that India’s imports of Russian commodities have skyrocketed since the war began, surging to $65.7 billion in […]Read More
August 12, 2025 The OPEC+ producers raised their combined crude oil production by 335,000 barrels per day (bpd) in July, below the 411,000 bpd output hike eight of the 22 producers have pledged for last month. OPEC-only production from the 12-member cartel increased by 263,000 bpd—and most of the rise came from two major producers, […]Read More
August 13, 2025 Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in the country, booked a lower net profit for the April-June quarter from a year earlier on the back of falling prices and basically flat production. ONGC reported a net profit of $917 million (80.24 billion Indian […]Read More
Oando Foundation, an independent charity established to support the Nigerian government in achieving its Universal Basic Education goal, has officially launched the Green Youth Upskilling Program (GYUP) pilot, a workforce development initiative for young Nigerians in the renewable energy and waste management sectors. The official launch also marks the formal introduction of the project implementing […]Read More
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) on August 5 hosted young professionals from Nigeria and other African countries at its offices in Lagos, as it continues to support the growth of future leaders in the energy industry on the continent. The 25 engineers and geologists from Nigeria, Cameroun, Chad, Ghana, Tanzania, Kenya, Angola […]Read More
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