In the News

Union Pacific collected $91.1 million more in fuel surcharges than it paid for fuel in the second quarter, far outpacing rivals and lifting its profit.

KEY POINTS Chevron has announced a significant oil and gas condensate discovery at an exploration well in Block 0, offshore Angola, strengthening the energy giant’s efforts to expand production in …

KEY POINTS Oil prices climbed for a third consecutive session on Tuesday as hopes for a lasting peace agreement between the United States and Iran weakened, raising concerns that disruptions …

KEY POINTS Libya’s National Oil Wells Drilling & Workover Company, NWD, has completed maintenance on 188 oil wells and drilled 21 new wells for several subsidiaries of the National Oil …

KEY POINTS Nigeria’s cooking gas market is experiencing another round of price reductions after the Dangote Refinery and major LPG depot operators lowered their selling prices. The Dangote Refinery reduced …

KEY POINTS The Transmission Company of Nigeria,TCN, has commissioned two major transmission projects in Lagos, increasing bulk electricity capacity around the Apapa corridor and strengthening the network serving industrial, commercial …

KEY POINTS Libya’s National Oil Corporation, NOC, and Akakus Oil Operations are working on plans to increase crude oil production at the Sharara Oil Field from about 335,000 barrels per …

Shipping through the Strait of Hormuz slowed over the weekend after tanker attacks, with only five commodity vessels crossing on Saturday and none on Sunday.

India’s power regulator will let clean energy developers pay daily fees to keep their grid connectivity after missing project deadlines, rather than lose access.

KEY POINTS TotalEnergies Exploration and Production Nigeria Limited is set to deliver a major boost to Nigeria’s oil and gas production as two offshore projects, Ubeta and Ima, move towards …