In the News

More than a quarter of U.S. Gulf of Mexico oil production remains offline after storm Rafael, with ongoing disruptions affecting output and delaying recovery efforts.

The ECB cannot act on blocked prepaid meters due to unpaid bills amid ongoing legal constraints.

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

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

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

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

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.

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

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

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