July 29, 2025 State-controlled natural gas firm GAIL (India) is looking to swap six U.S., origin LNG cargoes with six cargoes for delivery to India in a tender running until August 6, industry sources told Reuters on Tuesday. GAIL (India) is offering cargoes loading every other month in 2026, beginning in February and ending in December, on […]Read More
July 28, 2025 Oil prices were holding relatively steady early on Tuesday morning following a sharp rally on Monday driven by mounting geopolitical tensions and supportive trade developments. At the time of writing, WTI Crude was trading at $66.60 per barrel, down $0.06 or 0.09%, while Brent Crude hovered at $70.00, slipping just $0.04 or 0.06%. Among the catalysts […]Read More
July 28, 2025 The energy sector is dragging down the Standard and Poor’s 500 (S&P 500’s) Q2 earnings, with a projected -24% year-over-year profit drop due to lower oil prices. Companies like Enphase Energy, GE Vernova, and NextEra posted strong revenue growth in Q2 2025. Both ExxonMobil and Chevron are set to report significantly lower […]Read More
Jul 28, 2025 Talks between Iran and the European Troika (France, Germany, UK) over the weekend, initiated under U.S. guidance, aimed to gauge Iran’s willingness to revive the JCPOA before an October 18 EU deadline for reimposing snapback sanctions. Europe is increasingly aligned with Washington’s harder stance, citing Iran’s expanding military ties with Russia and […]Read More
Jul 27, 2025 China’s LNG imports have declined for eight consecutive months, down 12% y/y in June 2025, due to increased domestic gas production. Trade tensions with the U.S. and a 125% tariff have halted American LNG imports, pushing China toward other suppliers like Qatar and Indonesia and threatening long-term U.S. LNG contracts. Falling Chinese […]Read More
Jul 24, 2025 TotalEnergies posted a solid second-quarter 2025 performance, generating $6.6 billion in cash flow from operations despite a 10% drop in Brent crude prices. The French energy major recorded an adjusted net income of $3.6 billion, down 15% quarter-on-quarter, driven by softer commodity prices but partially offset by higher production volumes. Strategic Execution TotalEnergies’ […]Read More
As part of it’s strategic commitment to education and community development, the Nigeria Liquefied Natural Gas, NLNG, says it has completed the commissioning of the second phase of its school renovation project in Rivers State, with upgrading infrastructure in host community schools. A statement by NLNG’s General Manager, External Relations & Sustainable Development, Sophia Horsfall, […]Read More
July 27, 2025 President Tinubu has expressed his delight at the Super Falcons’ spectacular victory at the 2024 Women’s Africa Cup of Nations (WAFCON), stating that he eagerly looks forward to receiving the trophy in Abuja. In a post-match video call with team captain Rasheedat Ajibade, her teammates, and Nigerian officials, President Tinubu congratulated the […]Read More
July 25, 2025 OPEC+ delegates suggest the group will likely keep its current output policy at Monday’s meeting, with a plan to increase production by 548,000 barrels per day in August. Despite planned increases, oil prices remain rangebound as some members have not met their hike targets, limiting the impact of quota expansions. OPEC’s own […]Read More
July 25, 2025 DisCos: Ikeja Electric (IE) and Eko Electricity Distribution Company (EKEDC) have announced that the Transmission Company of Nigeria (TCN) will carry out scheduled maintenance on the Omotosho–Ikeja West 330kV transmission line. According to the information on their social media accounts on Friday, the maintenance exercise is expected to run from July 28 to […]Read More
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