In the News

KEY POINTS Oil prices stabilised on Tuesday after falling sharply in the previous session, as investors weighed the possible impact of expanded US sanctions on Iran against the risk of …

Shell has drawn potential bidders, including ExxonMobil and LyondellBasell, for its US chemical assets, which could fetch up to $8 billion, the FT says.

Germany’s Uniper has signed a 15-year deal to import more than 30 terawatt-hours of gas a year from Norway’s Equinor from 2027.

Southeast Asia’s budget airlines hope the Middle East fuel shock has passed, but face a tough second half as thin margins and weak demand bite.

Norway will keep developing oil and gas in the Barents Sea regardless of the EU’s support for an Arctic drilling moratorium, its energy minister says.

KEY POINTS Tanzania has officially commissioned its largest electricity-generation project, a 2,115-megawatt hydropower plant on the Rufiji River, in a major development expected to transform the country’s power sector, support …

KEY POINTS Oil prices fell by more than $1 a barrel on Monday as investors took profits following a two-week rally and waited for details of new US sanctions expected …

KEY POINTS Brazilian state-owned oil company Petrobras has taken a major step towards expanding its exploration activities in West Africa after submitting an expression of interest for four offshore exploration …

KEY POINTS The Dangote Petroleum Refinery and Petrochemicals has expanded its free petroleum products delivery programme to Kano, Imo, Anambra and Nasarawa states as part of efforts to reduce distribution …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to supporting Shell Nigeria’s operations as the Federal Government intensifies efforts to attract up to $50 billion …