A London court has ruled that Vitol and Glencore will receive $380 million from Nigeria LNG after a dispute over undelivered cargoes in 2020 and 2021.
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Chevron announces leadership and structural changes to improve efficiency, cut costs, and optimize global operations amid industry challenges.
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Russia and Myanmar sign an investment deal for a port and oil refinery in the Dawei Special Economic Zone, strengthening energy and trade ties.
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Cheniere Energy plans LNG expansion under Trump’s energy policies despite financial challenges, betting on Corpus Christi growth and global demand.
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Exxon Mobil is launching a major gas expansion project in Guyana, boosting natural gas supply, LNG exports, and industrial production.
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The EU is looking to secure more LNG supplies while balancing climate goals, trade policies, and high energy prices.
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OPEC+ denies speculation about postponing its April oil supply hike, with Russia confirming production increases remain on schedule.
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Nigeria’s crude oil production surged to 1.737 million bpd in January, its highest in three years, as the country aims for 2.3 million bpd by 2025.
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PG&E increased its 2025 earnings forecast, citing higher electricity rates and cost reductions. The company also reported adding 14,000 new customers.
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Chevron plans to lay off up to 20 percent of its workforce by 2026, offering buyouts and restructuring leadership to cut costs and improve efficiency.