December 23, 2025 Japan will provide investment subsidies of a total of $1.3 billion (210 billion Japanese yen) over five years to companies using only clean power, as the world’s fifth biggest carbon dioxide emitter looks to bolster renewable energy usage. The funds will be available for five years beginning in the 2026 fiscal […]Read More
December 23, 2025 The United States has expressed willingness to cooperate with India in the nuclear energy sector as Asia’s second-largest economy opens its civil nuclear industry to private investment and foreign participation. “We welcome India’s new step towards a stronger energy security partnership and peaceful civil nuclear cooperation,” according to a post on X of the […]Read More
December 22, 2025 Russia is expected to deliver 25% higher volumes of natural gas via pipeline to China this year, compared to 2024, an anonymous source with knowledge of the flows told Reuters on Monday. Russia has been boosting both its pipeline and liquefied natural gas (LNG) exports to China this year, as its sales are being […]Read More
December 22, 2025 Shell and INEOS Energy have struck oil at a deepwater exploration well in the U.S. Gulf of Mexico, confirming a new discovery in the high-pressure Norphlet formation. Shell and INEOS Energy said the Nashville exploration well encountered high-quality oil more than 26,000 feet below the seabed, according to industry reporting The well was drilled […]Read More
December 21, 2025 President Bola Ahmed Tinubu has commended Borno State Governor, Prof. Babagana Umara Zulum, for people-oriented governance and sustained commitment to the welfare of residents. The President gave the commendation on Monday during a state visit to Borno State, where he commissioned transport vehicles, including 20 Compressed Natural Gas (CNG) 48-seater buses, 3,000 buses, 500 […]Read More
December 21, 2025 Heirs Energies Limited has executed a $750 million financing with the African Export–Import Bank (Afreximbank). The transaction was sealed at a signing ceremony in Abuja on Saturday 20th December 2025. Signed by Mr. Tony O. Elumelu, Chairman of Heirs Energies, and Dr. George Elombi, President and Chairman of Afreximbank. The transaction, according […]Read More
19 December 2025 The Office of the Special Adviser to the President on Energy welcomes the issuance of the first bond under the Presidential Power Sector Debt Reduction Programme. Issued by NBET Finance Company Plc, a Special Purpose Vehicle (“SPV”) of the Nigerian Bulk Electricity Trading (NBET) Plc, the ₦590 billion Series 1 Power Sector […]Read More
December 19, 20255 Nigeria expects a budget deficit worth 4.28% of gross domestic product in 2026, President Bola Tinubu said as he announced the government’s 58.18 trillion naira ($40 billion) spending plan aimed at consolidating economic reforms and boosting growth. The deficit will come to roughly 23.85 trillion naira, he told lawmakers on Friday. The […]Read More
December 18, 2025 Israel’s agreement to supply Egypt with 130 billion cubic meters of natural gas worth $35 billion through 2040 has been approved after pressure from Washington, with Egypt emphasizing the deal is “purely commercial,” according to Egypt’s State Information Service, adding that the deal was struck by private energy companies with zero government […]Read More
December 18, 2025 U.S. natural gas futures have reversed their recent decline, climbing more than 3% on Thursday to trade above $4 per MMBtu thanks to near-record flows of natural gas to LNG export plants. Gas deliveries to the eight major U.S. LNG facilities have averaged 18.6 Bcf/d so far this month, above November’s average at 18.2 […]Read More
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