August 12, 2025 Brent crude prices are on track for a sharp decline in the coming months, with the U.S. Energy Information Administration (EIA) now forecasting prices to fall from $71 per barrel in July to an average of $58 in the fourth quarter of 2025—and to slip toward $50 in early 2026. The August Short-Term Energy […]Read More
August 08, 2025 Petrobras of Brazil reported a profit for the second quarter of the year, booking a net positive result of some $1.6 billion after posting a loss of $480 million for the first quarter of the year. The positive result came despite weaker average oil prices, the company noted. The company reported an average production […]Read More
Heirs Energies, Africa’s largest indigenous-owned integrated energy company, has announced that its Chief Executive Officer, Osa Igiehon, will represent the company at the 2025 U.S.-Africa Energy Forum (USAEF), taking place on August 6–7, 2025 at the Post Oak Hotel in Houston, Texas. The Forum will bring together U.S. and African policymakers, financiers, and private sector […]Read More
August 04, 2025 Dominion Energy  reported strong second-quarter 2025 financial results, posting GAAP net income of $760 million, or $0.88 per share—an increase of 38% over the $0.64 per share recorded in Q2 2024. Operating earnings, the company’s preferred non-GAAP metric, came in at $0.75 per share, up from $0.65 a year earlier. The Richmond-based utility […]Read More
… our engineers are now expatriates in UAE, other countries – Dangote The Federal Government (FG) has commended the Dangote Petroleum Refinery for its outstanding engineering achievements and its significant investment in developing young Nigerian talent. Nigeria’s Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, lauded the Refinery for its dual focus on world-class […]Read More
JulY 29, 2025 Egypt turned from a net LNG exporter to a net LNG importer at the end of 2024 as the country imported last year the highest number of LNG cargoes in years as it looked to ease the strain on its grid and industry amid energy shortages that led to rolling blackouts last summer. The […]Read More
July 28, 2025 The energy sector is dragging down the Standard and Poor’s 500 (S&P 500’s) Q2 earnings, with a projected -24% year-over-year profit drop due to lower oil prices. Companies like Enphase Energy, GE Vernova, and NextEra posted strong revenue growth in Q2 2025. Both ExxonMobil and Chevron are set to report significantly lower […]Read More
Jul 21, 2025 BP has appointed Albert Manifold as its new chairman, selecting the former CRH chief executive to lead the board at a time of heightened investor pressure and strategic uncertainty. Manifold will join BP as chair-elect on September 1 and take over from Helge Lund on October 1, the company said in a press […]Read More
July 22, 20254 Oil prices declined on Tuesday as concerns the brewing trade war between major crude consumers the U.S. and the European Union will curb fuel demand growth by lowering economic activity weighed on investor sentiment. Brent crude oil futures fell 52 cents, or 0.75%, to $68.69 a barrel by 0325 GMT. U.S. West […]Read More
Jul 19, 2025 OPEC is pursuing a long-term strategy to increase its market share and is unwinding production cuts, with oil prices remaining strong due to factors beyond OPEC’s direct control. The rise in oil prices is influenced by geopolitical developments, such as U.S.-Chinese trade talks and sanctions against Russia, as well as a decline […]Read More
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