October 27, 2025 China has increased its underground gas storage capacity by the most of any country since 2022, the International Gas Union (IGU) said in a new report on Monday. As of 2025, there are 699 underground natural gas storage facilities in operation worldwide, with a total working gas volume of 424 billion cubic metres (bcm), […]Read More
Lagos, Nigeria Asharami Synergy, a Sahara Group downstream company, has strengthened its retail footprint with the commissioning of a new station in Lekki, Lagos, to enhance access to exceptional fuelling solutions. Strategically located to serve residents and businesses across Lekki and its environs, the new facility is equipped with trailblazing forecourt technology. This system allows […]Read More
October 16, 2025 India is prioritizing the interest of its consumers in its policies to source energy products, the Indian Foreign Ministry said on Thursday, after U.S. President Donald Trump said on Wednesday that India had agreed to cut imports of Russian crude oil. President Trump said on Wednesday that India had agreed to reduce its imports of Russian […]Read More
October 15, 2025 Despite the $10 per barrel decline in oil prices, TotalEnergies expects its earnings and cash flow to have increased in the third quarter from a year earlier, on the back of higher oil and gas production and an annual surge in refining margins. TotalEnergies expects its oil and gas production for the […]Read More
…the principle of “No Work, No Pay” remains an extant provision of Nigerian labour law, and the Federal Government will invoke it should ASUU proceed with the strike. 12 October, 2025 The Federal Government of Nigeria (FGN) has called on the Academic Staff Union of Universities (ASUU) to reconsider its decision to embark on […]Read More
October 12, 2025 Oil prices rebounded in early Asian trading on Monday, recovering from sharp losses in the previous session as investors grew cautiously optimistic that potential talks between President Trump and President Xi could ease tensions between the world’s two largest economies and oil consumers. At the time of writing, Brent was up 1.64% at $63.76, […]Read More
September 25, 2025 Eight oil companies operating fields in the northern Iraqi region of Kurdistan have reached an agreement with the Iraqi central government and the Kurdistan Regional Government that would enable the restart of exports from the region. “This framework, once signed and implemented, should allow exports to restart in the coming days, while […]Read More
September 24, 2025 TechnipFMC has won a significant contract from Petrobras to supply subsea production systems, following a competitive bidding round. The award, valued between $75 million and $250 million, covers the design, engineering, and manufacturing of subsea equipment for Petrobras’ offshore portfolio. The systems will support both new greenfield projects and brownfield expansions, while […]Read More
September 23, 2025 China has received a sixth LNG cargo from Russia’s heavily sanctioned Arctic export project in a sign that the Chinese-Russian trade from Arctic LNG 2 has been flourishing in recent weeks despite U.S. and European sanctions on the project. The Arctic Mulan discharged its LNG cargo at the Chinese terminal of […]Read More
Indicators 2025: The Pennsylvania-New Jersey-Maryland (PJM), which coordinates the movement of electricity throughout its region, reports that there will be significant growth in electricity demand over the next 20 years. Summer electricity use is expected to triple, and winter demand is also expected to grow. PJM estimates that the current generating capacity will not meet […]Read More
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