January 23, 2026 India’s state-owned refiner Bharat Petroleum Corporation Limited (BPCL) is set to sign next week an oil supply deal with Brazilian state giant Petrobras for the delivery of 12 million barrels of crude, valued at about $780 million. The signing of the agreement is expected to take place during the India Energy Week […]Read More
January 23, 2026 Shell plans to invest $20 billion in the Bonga South West deepwater project offshore Nigeria, the special adviser to Nigeria’s president said after the government approved investment-linked incentives for the project. Nigerian President Bola Ahmed Tinubu has approved the adoption of targeted, investment-linked incentives to support the proposed Bonga South West deepwater […]Read More
President Bola Ahmed Tinubu has approved the commencement of commercial oil drilling at Tongeji Island in Ipokia Local Government Area, positioning Ogun State to officially become an oil-producing state. Governor Dapo Abiodun disclosed this while receiving the Flag Officer Commanding, Western Naval Command, Rear Admiral Abubakar Abdullahi Mustapha, during a courtesy visit in Abeokuta. The […]Read More
January 21, 2026 New LNG export projects coming online and ramp-ups of recently commissioned facilities are expected to drive a 10% jump in global LNG supply this year, as the market shifts from tightness to abundance, analysts tell Reuters. The supply growth, mostly from the top two exporters, the United States and Qatar, is set […]Read More
January 20, 2026 TotalEnergies expects higher oil and gas production and stronger refining margins in the fourth quarter to have offset a drop of more than $10 per barrel in oil prices, the French supermajor said on Tuesday. “Once again, despite a year?on?year decline of more than $10/b in oil prices, the cash flow from […]Read More
January 20, 2026 Equatorial Guinea is looking to strike prepaid oil and LNG delivery deals with commodity traders as OPEC’s smallest oil producer needs money to maintain operating fields and revive its upstream sector, anonymous sources with knowledge of the plans told Bloomberg on Tuesday.  The central African country has been struggling to attract upstream […]Read More
The Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) has announced the first confirmed speakers for its 10th Anniversary programme, bringing together senior policymakers, regulators and National Oil Company (NOC) executives from across the region. Many of the confirmed speakers have actively participated in SAIPEC since its inception, contributingto its evolution from a regional […]Read More
January 16, 2026 Chevron has approved a major expansion of the Leviathan natural gas field offshore Israel, doubling down on its role as a cornerstone supplier in the Eastern Mediterranean gas market. The U.S. oil major said on Friday that its subsidiary, Chevron Mediterranean Limited, alongside its partners, has reached a Final Investment Decision (FID) […]Read More
January 16, 2026 The Trump administration is exploring a workaround to America’s Strategic Petroleum Reserve problem: swapping heavy Venezuelan crude for U.S. medium sour barrels that can actually go straight into SPR caverns. According to Reuters, the Department of Energy is considering moving Venezuelan heavy crude into commercial storage at the Louisiana Offshore Oil Port, […]Read More
January 07, 2026 U.S. forces have seized a Russia-flagged tanker in the North Atlantic after a dramatic pursuit that began near Venezuelan waters, marking a sharp escalation in Washington’s enforcement of its global blockade on sanctioned Venezuelan oil. U.S. European Command confirmed the capture of the M/V Bella 1, saying the vessel was seized for sanctions violations “pursuant […]Read More
Copyright © 2022, Energy Planets. All rights reserved
Join our mailing list to receive the latest news and updates from our team.