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
President Bola Ahmed Tinubu has appointed Musiliu Oseni as Nigerian Electricity Regulatory Commission (NERC) Chairman and approved the reconstitution of the Board following the Senate’s confirmation of its members on December 16. Members of the reconstituted Board are: Mulisiu Olalekan Oseni, PhD. — Chairman. He started his service as a Commissioner in January 2017. He […]Read More
December 18, 2025 Japan’s JAPEX has struck a deal to buy shale oil and gas asset owner Verdad Resources Intermediate Holdings for $1.3 billion, Reuters has reported, adding the company will finance the deal with a combination of cash and debt. Verdad Resources Intermediate Holdings has assets in Wyoming and Colorado, which currently produce at a […]Read More
Dec 17, 2025 For years, perovskites have been hailed as the “holy grail” of solar energy thanks to their promise of highly efficient and cheaper solar cells. Perovskites are a class of materials with similar crystalline structures with high superconductivity, high magnetoresistance, and high ferroelectricity, making them a potential replacement for silicon. Perovskite thin-film PV panels […]Read More
December 17, 2025 The latest survey by the Federal Reserve Bank of Dallas has revealed lingering pessimism in oil markets, with executives seeing lower activity and higher costs amid weak oil prices, but AI is offering hope for improved efficiency. Activity in the oil and gas sector fell in the final quarter of the year with the […]Read More
December 17, 2025 BP plc has announced a major leadership transition, naming Meg O’Neill as its next chief executive officer, effective April 1, 2026, as the company looks to accelerate strategic and financial performance under new leadership. O’Neill, currently CEO of Australia’s Woodside Energy, will take over from Murray Auchincloss, who is stepping down as CEO and […]Read More
December 17, 2025 President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the […]Read More
December 17, 2025 The Nigerian Independent System Operator (NISO) has informed the general public and sector stakeholders that the electricity generation on the National Grid dropped due to gas supply constraints arising from the incident of gas pipeline vandalization within the upstream gas supply network. Â Saying that the incident affected gas availability to a number […]Read More
The Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has disclaimed a statement purportedly issued by him in response to corruption allegations made by Alhaji Aliko Dangote. In a clarification, Engr. Ahmed stated: “My attention has been drawn to a purported response that I was said to […]Read More
