Ikeoluwa Juliana Ogungbangbe

Exxon maintains interest in Venezuela and may send an assessment team, even after President Trump criticized the company’s cautious stance on re-entering the country

Oil prices climbed as unrest in Iran raised fears of supply disruption, pushing traders to focus on geopolitical risk despite expectations of a global crude surplus

MA’AM Energy’s $750m takeover of Geregu Power is raising investor expectations, resetting valuations and signalling deeper private investment in Nigeria’s electricity market

Trump signaled he may bar Exxon from Venezuela after its CEO called the country uninvestable, highlighting lingering disputes over assets, debt and control of oil revenues

Goldman Sachs expects oil prices to weaken in 2026 as rising supply and inventories create a surplus, delaying a sustained recovery until at least 2027

Eterna Plc has opened a ₦21.52bn rights issue to fund expansion, boost liquidity and reinforce its balance sheet amid volatility in Nigeria’s downstream energy market

TotalEnergies has secured a new offshore permit in Lebanon, pressing ahead with Mediterranean exploration as the country looks to gas discoveries to aid recovery

OpenAI and SoftBank have invested $1 billion in SB Energy, backing large Texas data centers as electricity supply becomes central to the future of artificial intelligence.

Meta signed long-term nuclear power deals with Vistra and backed new reactor projects as it secures electricity supply for expanding data centers and artificial intelligence growth

Venezuela’s oil stockpiles at sea jumped sharply as US enforcement tightened, tankers stalled offshore, and Chinese buyers grew cautious about future crude supplies