Adedotun Oyeniyi

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.

Chevron announces leadership and structural changes to improve efficiency, cut costs, and optimize global operations amid industry challenges.

Russia and Myanmar sign an investment deal for a port and oil refinery in the Dawei Special Economic Zone, strengthening energy and trade ties.

Cheniere Energy plans LNG expansion under Trump’s energy policies despite financial challenges, betting on Corpus Christi growth and global demand.

Exxon Mobil is launching a major gas expansion project in Guyana, boosting natural gas supply, LNG exports, and industrial production.

The EU is looking to secure more LNG supplies while balancing climate goals, trade policies, and high energy prices.

OPEC+ denies speculation about postponing its April oil supply hike, with Russia confirming production increases remain on schedule.

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.

PG&E increased its 2025 earnings forecast, citing higher electricity rates and cost reductions. The company also reported adding 14,000 new customers.

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.