In the News

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 …

South Korea’s power demand is set to soar 25 to 30 GW on the AI boom, and the nation is weighing whether to expand nuclear energy, its energy minister says.

KEY POINTS The Dangote Petroleum Refinery is targeting expansion that would make it the largest refinery in the world by 2028, according to Dangote Group President and Chief Executive Officer, …

KEY POINTS Brazil’s environmental regulator, Ibama, has approved Petrobras request to drill three additional wells in the Foz do Amazonas Basin, subject to a series of environmental and operational conditions. …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has denied ownership of a tanker bearing its markings after the vehicle was intercepted in Ondo State with 2,145 kilogrammes of …

KEY POINTS Eni and PETRONAS have agreed to jointly explore the development of a new generation of high-performance bio-gasoline made from renewable raw materials. The two energy companies signed a …

Nigeria’s Dangote Group will sign documents for its refinery IPO, Africa’s biggest-ever share sale, at a Lagos ceremony on Monday after winning regulatory approval.

Iran says it will soon declare a new restricted zone in the Gulf and new Strait of Hormuz shipping maps, as fresh US-Iran attacks on ships lifted oil prices.

KEY POINTS US liquefied natural gas, LNG, exports increased sharply in the first half of 2026, averaging 17.4 billion cubic feet per day (Bcf/d), according to the US Energy Information …