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In the News

  • In the News

    Russia Considers Merging Rosneft with Gazprom Neft and Lukoil

    by Adenike Adeodun November 10, 2024
    by Adenike Adeodun November 10, 2024

    Russia explores merging Rosneft, Gazprom Neft, and Lukoil, potentially forming the world’s second-largest oil producer and reshaping global energy markets.

  • In the News

    COP29 Host Azerbaijan Accused of Pushing Fossil Fuel Deals

    by Adedotun Oyeniyi November 9, 2024
    by Adedotun Oyeniyi November 9, 2024

    Azerbaijan faces scrutiny ahead of COP29 as its CEO allegedly promotes fossil fuel deals, raising questions about the summit’s integrity.

  • In the NewsMarketsOil & Gas

    Ghana Oil Output Surges, Revenue Hits $840 Million

    by Feyisayo Ajayi November 8, 2024
    by Feyisayo Ajayi November 8, 2024

    Ghana’s oil production up 10.7% in 2024, driven by Jubilee South East project, boosting revenue and economic stability

  • In the NewsMarketsOil & Gas

    Angola To Launch New Oil And Gas Licensing Rounds In 2026

    by Ikeoluwa Juliana Ogungbangbe November 8, 2024
    by Ikeoluwa Juliana Ogungbangbe November 8, 2024

    Angola launches new oil and gas licensing rounds in 2026, aiming to revitalize production and attract investment after its OPEC departure

  • In the News

    Petrobras posts 22-Percent profit increase, declares $3 billion dividend

    by Adenike Adeodun November 8, 2024
    by Adenike Adeodun November 8, 2024

    Petrobras posts a 22 percent profit rise in Q3, declaring $3 billion in dividends. However, it faces challenges as oil production declines by 8.2 percent year-on-year.

  • In the News

    Duke Energy Faces Up to $2.9 Billion in Storm Costs

    by Adedotun Oyeniyi November 8, 2024
    by Adedotun Oyeniyi November 8, 2024

    Duke Energy estimates up to $2.9 billion in hurricane restoration costs after extensive damage to infrastructure. Profit recovery is expected in 2025.

  • In the NewsOil & Gas

    Chevron Boosts Angola LNG Gas Output in 2024

    by Feyisayo Ajayi November 7, 2024
    by Feyisayo Ajayi November 7, 2024

    Chevron to supply 600 million cubic feet of gas daily to Angola LNG by year-end.

  • Energy TransitionIn the News

    Senegal’s First LNG Shipment from BP Project Expected Soon

    by Ikeoluwa Juliana Ogungbangbe November 7, 2024
    by Ikeoluwa Juliana Ogungbangbe November 7, 2024

    Senegal is preparing for its first LNG shipment from BP’s major GTA project, marking a breakthrough in the country’s energy growth trajectory

  • In the News

    U.S. Backs Argentina in $16 Billion YPF Dispute

    by Adedotun Oyeniyi November 7, 2024
    by Adedotun Oyeniyi November 7, 2024

    The U.S. supports Argentina in a $16B YPF dispute, arguing sovereign immunity in the face of economic strain.

  • In the News

    Craddick Reelected as Texas Oil Regulator Amid Rising Pressure  

    by Adenike Adeodun November 7, 2024
    by Adenike Adeodun November 7, 2024

    Texas reelects Christi Craddick as chair of the Texas Railroad Commission, facing pressures on environmental and regulatory challenges as oil production surges.

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Nigeria’s Oil Boom: Record Production in September 2023

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South Africa: Kariega Residents Protest Over Electricity, Water Crisis
Angola and DR Congo plan Africa’s largest Electricity Transmission...
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