In the News

KEY POINTS Angola has announced a new oil discovery in the country’s mature offshore Block 15, raising hopes of additional production from an area that has already delivered billions of …

KEY POINTS Chevron is preparing for a major expansion of its oil production in Venezuela while shifting its U.S. shale operations toward stronger cash generation and pursuing new opportunities in …

KEY POINTS The Transmission Company of Nigeria, TCN, has declared force majeure on the 330kV Kainji-Birnin Kebbi transmission line after one of its towers collapsed during heavy winds and rainstorms. …

China’s oil demand will fall 8.9 percent in 2026, a third straight annual decline, as high prices and EV growth curb consumption, Sinopec says.

Brent crude rose above $100 a barrel for the first time since July as escalating Middle East conflict deepened fears over regional oil supply.

KEY POINTS Shell Lubricants Egypt has entered into a partnership with TAQA Petroleum to expand the availability of its lubricants, coolants and transmission fluids across TAQA Petroleum’s network of service …

KEY POINTS ExxonMobil is set to take over operatorship of the Papua LNG project in Papua New Guinea from TotalEnergies as part of a broader restructuring aimed at streamlining the …

KEY POINTS South Africa’s power utility Eskom is moving towards a tariff model designed to protect its revenue even as more customers generate their own electricity or purchase power from …

KEY POINTS Italian energy company Eni and Venezuela’s state-owned oil giant PDVSA have signed a 25-year hydrocarbons participation contract covering the development of the giant Junín 5 heavy oil field …

KEY POINTS Aliko Dangote, President and Chief Executive Officer of the Dangote Group, has announced that Nigerians can subscribe to the proposed Initial Public Offering, IPO, of Dangote Petroleum Refinery …