November 28, 2025 Brazil’s energy major Petrobras has revised its spending plans for the next five years, prompted by the steady and persistent decline in oil prices. The company now plans to spend 2% less than previously expected over the period between 2026 and 2030. Petrobras will also pay less dividend, Reuters reported, citing the company’s […]Read More
November 26, 2025 Venture Global has accused Shell of trying to damage its business by waging a “campaign” against it over the past three years, the Financial Times has reported, citing an internal message that Venture Global’s owners sent out to staff. “[Shell’s] action relies on completely baseless claims and is an unfortunate continuation of their […]Read More
November 23, 2025 Lenders and industry leaders have raised concerns that the high-risk legacy debts of Distribution Companies ,DisCos, and unclear regulatory frameworks are significant barriers to the financing and development of new grid-connected power projects in Nigeria. Speaking during panel sessions at the recently held Lagos Chamber of Commerce and Industry ,LCCI, Power Conference […]Read More
Seplat Energy has reaffirmed confidence in its capacity to broaden crude production with asset expansion in line with its growth forecast agenda in Nigeria. Demonstrating this capability, Seplat showcased its portfolio of Nigerian offshore assets at the Wider African Energy Summit in Aberdeen on Tuesday, emphasizing opportunities for North Sea service companies to bring their […]Read More
Paris, November 20, 2025 Following the recent filing of a complaint before the French National Anti-Terrorist Prosecutor’s Office (Pnat) in Paris against persons unknown and against TotalEnergies for “complicity in war crimes, torture and enforced disappearances” in Mozambique between July and September 2021, the Company – which has not been formally served with this complaint […]Read More
TotalEnergies has signed agreements with Conoil to acquire a further 50% interest in oil exploration block OPL 257 from its Nigerian partner, bringing its holding to 90%, the French group said on Wednesday. The deal is part of efforts to consolidate TotalEnergies’ position in Nigeria’s offshore oil sector by leveraging existing infrastructure for cost-efficient growth. Conoil will […]Read More
November 21, 2025 UK households will pay slightly higher energy bills in the first quarter of 2026 after energy market regulator Ofgem on Friday raised the Energy Price Cap by 0.2%, against expectations of a 1% drop. The UK has a so-called Energy Price Cap in place, which protects households from excessively high bills by capping the […]Read More
November 17, 2025 Russia’s flagship Urals crude oil price at the Black Sea dropped to $36.61 per barrel, its lowest level in nearly three years, following the announcement of U.S. sanctions on Rosneft and Lukoil. The sanctions have caused Russia’s key buyers, China and India, to search for alternative oil suppliers, resulting in the discount […]Read More
The Dangote Refinery has revealed reasons for reduction in pump prices at filling stations nationwide, amid speculations of government policy induced reduction. In a statement made available by Dangote Refinery, the cut in pump price was as result of 5.6% reduction in price of Premium Motor Spirit (PMS) from the refinery, which does not have […]Read More
November 13, 2025 Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 at 11:01 a.m. ET, as traders reassessed the latest OPEC shift toward a more balanced 2026 market outlook. The passage of the U.S. funding deal that ended the government shutdown removed one macro problem, […]Read More
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