October 22, 2025 BP has confirmed the preliminary results of the Volans-1X exploration well in Namibia’s Orange Basin, marking another hydrocarbon success in one of the world’s most closely watched frontier regions. The well, located in Petroleum Exploration License 85 (PEL85), was drilled by operator Rhino Resources using the Deepsea Mira semi-submersible rig to a […]Read More
October 10, 2025 The contribution of national energy giant Petronas to Malaysia’s budget is expected to crash by 38% next year, to the lowest level since 2017, amid falling oil prices. The company is set to pay to Malaysia $4.7 billion (20 billion Malaysian ringgit) in 2026, down from $7.6 billion (32 billion ringgit) it is contributing […]Read More
September 29, 2025 Crude futures slumped on Monday, extending their biggest single-day slide in weeks as OPEC+ signaled it may press ahead with another round of output increases despite production shortfalls across the group. By 12:48 p.m. ET, benchmark contracts were down more than 3%, reflecting both cartel politics and shifting supply expectations. Brent crude was […]Read More
13th September, 2025 The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has said that Dangote Refinery and Petrochemicals Company is feeding Nigerians with a one-sided story in the face-off with the National Union of Petroleum and Natural Gas Workers (NUPENG). Olufemi Adewole, the Executive Secretary of DAPPMAN made the accusation against Dangote Group […]Read More
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
Abuja, Nigeria, 30 July 2025—The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Bayo Ojulari, announced this at a company-wide town hall meeting […]Read More
July 29, 2025 Oil prices held onto recent gains in early Asian trading on Wednesday, buoyed by a complex mix of geopolitical risks, tightening trade policies, and anticipation surrounding the U.S. Federal Reserve’s upcoming interest rate decision. After surging more than 3% on Tuesday, both major crude benchmarks saw modest gains in early Asian trade. At […]Read More
Leading energy and infrastructure conglomerate, Sahara Group, has said the second edition of Asharami Square, its flagship thought leadership platform, will explore important gas-related options as Africa seeks various opportunities to enhance energy access and security across the continent. Scheduled for Friday, July 11, 2025, at the Radisson Blu Hotel, Ikeja, Lagos, the event is […]Read More
Jul 03, 2025 TotalEnergies has sold a 50% stake in a 604-megawatt portfolio of renewable energy assets in Portugal to a Japanese consortium for €178.5 million, the company announced Wednesday. The deal, part of TotalEnergies’ capital rotation strategy, allows the French energy giant to optimize its investments in its growing electricity division while maintaining operational control. The […]Read More
Jul 01, 2025 Reports and rumors have intensified this year that BP is in the crosshairs of rivals, especially Shell, for a potential takeover that would be the largest deal in the oil industry since the Exxon and Mobil merger in 1999. Five years of U-turns in strategy and the abrupt departure of the architect […]Read More
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