November 12, 2025 Chevron plans to grow its free cash flow into the next decade as it focuses on higher profits and returns to shareholders instead of growing oil and production, the U.S. supermajor’s five-year plan to 2030 showed on Wednesday.    Chevron will raise output, but its primary focus will be on boosting free cash flow and […]Read More

Federal Government (FG) has announced the commencement of the 2025 Licensing Round effective December 1, 2025. The Commission Chief Executive (CCE) of  Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, made the announcement at the NUPRC’s Project 1 Million barrels per day (MMBOPD) Additional Production Investment Forum in London today (Tuesday). Komolafe added that […]Read More

November 10, 2025 Major Energy Marketers Association of Nigeria (MEMAN) has warned that the proposed 15 per cent import tariff on petrol and diesel could raise pump prices above N1,000 per litre. Executive Secretary, MEMAN, Mr Clement Isong, said the tariff, if implemented, would have far-reaching effects on consumers, transporters and small businesses already battling […]Read More

November 10, 2025 Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms continue to scale back their investment and involvement in renewable energy.    Shell has ditched plans to build two wind farms offshore Scotland, days after announcing it is withdrawing from the Atlantic Shores Offshore […]Read More