KEY POINTS ExxonMobil Corp. plans to slash roughly 2,000 jobs worldwide — about 3% to 4% of its total workforce — in the latest phase of a sweeping restructuring aimed …
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In the News
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In the NewsMarkets
Cooking Gas Prices Soar to Record ₦25,000 as Supply Crisis Deepens Across Nigeria
KEY POINTS Nigerian households are reeling under a worsening shortage of cooking gas as the price of a 12.5-kilogram cylinder of Liquefied Petroleum Gas (LPG) has climbed to ₦25,000 this …
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Sumitomo wins Singapore grant to develop ammonia as marine fuel, advancing clean shipping goals and supporting Singapore’s low-carbon maritime ambitions
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Sahara Group plans to boost oil output to 350,000 barrels daily by 2030, driven by new rigs and expansion in Nigeria
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QatarEnergy secures 27% stake in Egypt’s North Cleopatra offshore block, expanding its role in the country’s fast-growing energy sector
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Eni resumes offshore drilling in Libya after five years, joining other oil majors returning as the country targets higher oil output
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KEY POINTS The Akwa Ibom State Government has announced the relocation of its Compressed Natural Gas, CNG, bus terminal from Odiok Itam in Itu Local Government Area to Obio Offot …
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Energy TransitionIn the News
States Still Committed to Power Reforms, FOCPEN Counters Claims of Backtracking
KEY POINTS The Forum of Commissioners for Power and Energy, FOCPEN, has dismissed reports suggesting that nearly two dozen Nigerian states have pulled back from implementing reforms under the Electricity …
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Poland is investing $5.5 billion to connect with NATO’s fuel pipeline system, a move aimed at boosting military readiness and national security
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In the NewsOil & Gas
TotalEnergies Prepares to Revive $20 Billion Mozambique LNG Project After Four-Year Halt
KEY POINTS Mozambique signaled a breakthrough for one of Africa’s most ambitious energy ventures after President Daniel Chapo said Thursday that conditions have been met for TotalEnergies SE to restart …