Africa Should Chart Independent Path in Global Energy Transition -NNPCL

Continent should deepen alliances across regional lines As the global energy transition continues to get traction, the Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mr. Bayo Ojulari has called on Nigeria and other African countries to chart their course in the universal energy transition plan by embracing technology, building cross-border alliances, and […]Read More

HEIRS Energies CEO  To Advocate for Africa’s Energy Sufficiency At 

Heirs Energies, Africa’s largest indigenous-owned integrated energy company, has announced that its Chief Executive Officer, Osa Igiehon, will represent the company at the 2025 U.S.-Africa Energy Forum (USAEF), taking place on August 6–7, 2025 at the Post Oak Hotel in Houston, Texas. The Forum will bring together U.S. and African policymakers, financiers, and private sector […]Read More

Exxon Signs Oil Deal in Libya

August 05, 2025 Exxon has inked a preliminary deal for exploration at four offshore blocks in Libya after a decade of absence from the country. The news was reported by Libya’s National Oil Corporation, which said the U.S. supermajor will conduct a detailed technical study of the blocks that are located off the country’s northwest coast and […]Read More

Goldman Sachs Reiterates $64 Oil Price Forecast

August 04, 2025 Goldman Sachs has maintained its oil price forecast for Brent crude, seeing the benchmark averaging $64 over the fourth quarter of the year despite recent developments that have pushed both Brent and West Texas Intermediate higher. Increasing pressure on Russia and Iran sanctioned oil supply poses an upside risk to our price forecast, especially […]Read More

Exxon Earns $7.1 Billion in Q2 as Lower Oil Prices

August 03, 2025 Exxon Mobil Corporation reported second-quarter 2025 earnings of $7.1 billion, or $1.64 per diluted share, down 8% from the prior quarter and 15% lower year-to-date versus the first half of 2024. The decline was driven by weaker crude and natural gas prices, softer refining margins, and higher depreciation, but partially offset by record […]Read More

Oil Prices Dip as OPEC+ Pushes Ahead With Output Hikes

August 03, 2025 Oil prices slipped in early Asian trading on Monday as OPEC+ confirmed another substantial production increase for September, continuing its rapid unwinding of voluntary output cuts despite tepid demand growth in Asia. Brent crude futures fell 0.46% to $69.35 a barrel, while U.S.  Intermediate declined 0.45% to $67.03. Both benchmarks had already lost roughly […]Read More

Chevron Reports Lower Q2 Earnings Despite Record Output

  August 03, 2025 Chevron Corporation reported second-quarter 2025 earnings of $2.5 billion, down from $4.4 billion a year earlier, as weaker oil prices and lower affiliate income weighed on results. Adjusted earnings came in at $3.1 billion, also down from $4.7 billion in Q2 2024. Despite the earnings drop, Chevron delivered record production and strong shareholder […]Read More

Namibia Oil and Gas Conference 2025 – From Exploration to

August 3, 2025 Namibia is fast emerging as one of Africa’s most exciting oil and gas frontiers. With a string of recent offshore discoveries, the country has attracted growing global attention and investment interest. The momentum is real, and with several IOCs already advancing their exploration and appraisal efforts, Namibia now stands at a critical […]Read More

IPMAN To Stop Petrol Tankers From Loading Beyond 45,000 Litres

August 2, 2025 In a bid to check incessant petrol tanker accidents leading to loss of life and damage to roads, the western zone Independent Petroleum Marketers Association of Nigeria (IPMAN) has said petrol tankers will not be allowed to load beyond 45,000 litres of the product from October 1. The Chairman of the zone, Chief […]Read More

OPEC+ Nears Decision Point on Next Oil Output Hike

August 01, 2025 OPEC+ is inching toward a pivotal decision this weekend, whether to greenlight another 548,000 bpd in production hikes for September, effectively fast-tracking the return of 2.2 million bpd in voluntary cuts a year ahead of schedule.                                        The Joint Ministerial Monitoring Committee (JMMC) already met last week and stopped short of recommending any fresh changes […]Read More

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