January 30, 2026 Chevron Corporation reported on Friday consensus-beating earnings for the fourth quarter as it pledged to boost presence in Venezuela, where it is currently the only U.S. company authorized to operate. Chevron reported today adjusted earnings of $3.0 billion, or $1.52 per share, for the fourth quarter of 2025. While the profit was […]Read More
Dangote refinery has reaffirmed its ability to supply fuel volumes well above the nation’s estimated needs, set at around 50 million litres daily. In addition to the 75 million litres of Premium Motor Spirit (PMS), Dangote Petroleum Refinery can also provide 25 million litres of Automotive Gas Oil (AGO), compared to an estimated daily demand […]Read More
January 28, 2026 Nigeria offered investors oil blocks near its northeastern border, where a conflict with Islamist insurgents has been ongoing for decades. Out of 50 oil blocks in the latest bidding round offered by Africa’s top crude producer, four are in the Lake Chad basin, the Nigerian Upstream Petroleum Regulatory Commission told investors on […]Read More
Jan 29, 2026 Africa is set to dominate high-impact exploration in 2026, accounting for roughly 40% of planned wells, driven by ultra-deepwater Atlantic margin plays. Operators are increasingly prioritizing frontier and capital-intensive prospects to secure large, long-life resources as mature basins deliver diminishing returns. North America’s exploration outlook remains constrained, underscoring a broader global pivot […]Read More
January 28, 2026 President Recep Tayyip Erdogan of the Republic of Türkiye, on Tuesday in Ankara, said his country targets a $5 billion trade volume with Nigeria, adding that discussions to actualise this have already commenced. President Erdogan stated this during a joint press briefing with President Bola Ahmed Tinubu during the Nigerian President’s State […]Read More
January 28, 2026 The Vice President, Senator Kashim Shettima, has restated Nigeria’s commitment to shaping Africa’s future through impact, inclusion, and investment. And in achieving this, he said the nation is launching and strengthening initiatives such as the Business Coalition for Education and the Women and Youth Financial and Economic Inclusion Platform. Speaking on Wednesday […]Read More
January 28, 2026 UK-based supermajors Shell and BP are seeking U.S. licenses to develop gas fields that Trinidad and Tobago shares with Venezuela, the Caribbean island’s Energy Minister Roodal Moonilal said on Wednesday. BP and Shell have sought to develop two separate cross-border gas fields in Venezuelan and Trinidad and Tobago waters, but progress has […]Read More
January 28, 2026 India is on track to import record-high volumes of crude oil and condensate in January as refiners boost non-Russian purchases to replace barrels lost to U.S. sanctions, energy flow tracking firm Vortexa said in a report on Wednesday India’s crude and condensate imports will likely hit 5.2 million barrels per day (bpd) […]Read More
January 27, 2026 Saudi oil giant Aramco has issued a $4-billion bond as it tapped the debt market for the first time this year amid persistently weak oil prices in the low $60s per barrel. Aramco, the world’s top crude exporter and biggest international oil company, on Monday announced the start of issuing U.S.-dollar denominated international bonds […]Read More
January 27, 2026 Venezuela expects fresh oil investments of some $1.4 billion this year, which would be up from $900 million last year, interim president Delcy Rodriguez said, as quoted by Reuters. The investments will come from production-sharing agreements, the report noted, which are currently being discussed by the Venezuelan government and oil companies as part of […]Read More
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