November 17, 2025 India has shipped its first-ever cargo of jet fuel bound for the U.S. West Coast for Chevron amid favorable arbitrage economics and increased import demand following a fire at the supermajor’s refinery in the Los Angeles area in October. The Hafnia Kallang oil product tanker departed at the end of October from […]Read More
November 13, 2025 Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 at 11:01 a.m. ET, as traders reassessed the latest OPEC shift toward a more balanced 2026 market outlook. The passage of the U.S. funding deal that ended the government shutdown removed one macro problem, […]Read More
November 12, 2025 Chevron plans to grow its free cash flow into the next decade as it focuses on higher profits and returns to shareholders instead of growing oil and production, the U.S. supermajor’s five-year plan to 2030 showed on Wednesday.   Chevron will raise output, but its primary focus will be on boosting free cash flow and […]Read More
 Wale Tinubu, Group Chief Executive of Oando PLC, has been confirmed as a featured speaker at the upcoming G20 African Energy Investment Forum in Johannesburg, organized by the African Energy Chamber (AEC) His participation highlights the expanding role of African energy companies in driving growth, advancing regional integration and leading investment-focused dialogue across the continent. […]Read More
November 11, 2025 All but two Indian refiners have skipped placing orders for Russian crude for December after the U.S. sanctioned Russia’s top oil producers, Rosneft and Lukoil, sources with knowledge of the purchases told Bloomberg on Tuesday. India’s refiners, which have come to rely on cheap Russian crude in the past three years, have withdrawn from […]Read More
Federal Government (FG) has announced the commencement of the 2025 Licensing Round effective December 1, 2025. The Commission Chief Executive (CCE) of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, made the announcement at the NUPRC’s Project 1 Million barrels per day (MMBOPD) Additional Production Investment Forum in London today (Tuesday). Komolafe added that […]Read More
November 10, 2025 Major Energy Marketers Association of Nigeria (MEMAN) has warned that the proposed 15 per cent import tariff on petrol and diesel could raise pump prices above N1,000 per litre. Executive Secretary, MEMAN, Mr Clement Isong, said the tariff, if implemented, would have far-reaching effects on consumers, transporters and small businesses already battling […]Read More
SAIPEC 2026: The Sub-Saharan Africa International Petroleum Exhibition and Conference will return to the Eko Convention Centre in Lagos from 10-12 February 2026, marking the 10th edition of Africa’s largest energy, oil, and gas event. For a decade, SAIPEC has been at the heart of the energy sector, uniting stakeholders from across Sub-Saharan Africa to […]Read More
November10, 2025 Russian oil giant Lukoil has declared force majeure at the 400,000-barrels-per-day West Qurna-2 oilfield in Iraq after the U.S. sanctions on Russia’s top oil firms, sources familiar with the matter told Reuters on Monday. Following the October 22 U.S. sanctions on Lukoil and Rosneft, Iraq has stopped all cash and crude payments to Lukoil, according […]Read More
November 10, 2025 Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms continue to scale back their investment and involvement in renewable energy. Shell has ditched plans to build two wind farms offshore Scotland, days after announcing it is withdrawing from the Atlantic Shores Offshore […]Read More
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