November 03, 2025 ExxonMobil would be forced to quit its business in Europe if the European Union doesn’t materially ease its sustainability regulations that impose penalties on companies in case of non-compliance, chief executive Darren Woods told Reuters on Monday. Last year, the EU formally adopted the Corporate Sustainability Due Diligence Directive (CSDDD). These new EU-wide rules introduce obligations […]Read More
November 03, 2025 The advance in AI and the surge in data center build-out have pushed global energy investment needs to $4 trillion annually, Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC chief executive, said on Monday. Large oil producers have been warning for years that investment in supply needs to rise to […]Read More
October 31, 2025 Weak factory activity in China, a stronger U.S. dollar, and reports that OPEC+ is going to add more barrels to production in December have combined to push oil prices lower, setting them on a course to their third monthly decline in a row. At the time of writing, Brent crude was trading at $64.61 […]Read More
October 30, 2025 TotalEnergies reported third-quarter earnings essentially flat from a year earlier, as higher production, strong cash flows, and surging refining margins offset a 10% decline in oil prices. TotalEnergies said on Thursday that its adjusted net income stood at $4 billion for the third quarter, flat compared to $4.1 billion for the same period of 2024. […]Read More
October 30, 2025, A barrage of Russian missile and drone strikes on Ukraine’s energy infrastructure left three people dead on Wednesday, forcing nationwide power restrictions. Ukrainian officials reported that two men in the city of Zaporizhzhia were killed in the overnight strikes, while a seven-year-old girl from the central Vinnytsia region also lost her life from injuries […]Read More
October 27, 2025 After years of restructuring and cost-cutting efforts, UK-listed oilfield services group Petrofac on Monday filed for administration, following the termination of its biggest contract.  Petrofac’s directors have applied to the High Court of England and Wales to appoint administrators to Petrofac, said the company, which provides infrastructure and engineering services to the oil and […]Read More
October 24, 2025 Russia’s Ryazan oil refinery—its fourth-largest and a key Rosneft asset southeast of Moscow—was forced to halt a major crude distillation unit after a Ukrainian drone attack set part of the facility ablaze this week, industry sources told Reuters. The targeted unit, CDU-4, handles roughly 4 million metric tons of crude per year, […]Read More
The Federal Government of Nigeria (FGN) has inaugurated a new committee to develop a comprehensive five-year strategic plan aimed at repositioning Nigeria’s oil and gas sector for sustainable growth and improved performance. The committee, inaugurated on Thursday in Abuja, is mandated to produce a Strategic Plan for 2025–2030, a Petroleum Sector Roadmap, and a Monitoring […]Read More
Sahara Group has introduced the Sahara Graduate Business Analyst (GBA) Program to equip emerging talent with analytical, data-driven, and problem-solving skills necessary to enhance business performance and foster innovation in Africa’s energy sector. Bethel Obioma, Head, Corporate Communications at Sahara Group, said the new initiative highlights the company’s increased emphasis on insights, analytics, and decision intelligence for […]Read More
October 22, 2025 Crude oil inventories in the United States decreased by 1 million barrels during the week ending October 17, after gaining 3.5 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 422.8 million barrels according to […]Read More
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