Oil & Gas

Thirty-one laden LNG tankers left the Strait of Hormuz in October, the most since the Iran war began, tracking data from S&P Global shows.

KEY POINTS American oil major ExxonMobil has signed a memorandum of understanding (MoU) with Venezuela’s state-owned oil company, Petróleos de Venezuela (PDVSA), to assess potential investment opportunities in the country’s …

Brent crude is on track for a 16% weekly loss, its steepest since 2020, as U.S. midterm results raise hopes of an Iran war de-escalation.

KEY POINTS STAK Energy has signed a 15-year natural gas supply agreement with ExxonMobil Alaska Production to provide fuel for a nearly 3-gigawatt (GW) off-grid power campus planned for Alaska’s …

KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited is seeking to attract fresh foreign investment into Nigeria’s oil and gas industry by showcasing opportunities across the upstream, midstream and …

KEY POINTS ADNOC Gas has signed a five-year agreement to supply French energy major TotalEnergies with up to 1.6 million tonnes of liquefied natural gas (LNG), strengthening a longstanding partnership …

Aliko Dangote has launched a $2.5 billion fuel storage and pipeline project at Walvis Bay, Namibia, aimed at landlocked Southern African markets.

India’s NHPC and Essar Power’s renewable unit will build a 300-megawatt solar, wind and battery project in Andhra Pradesh, backed by about $475 million.

KEY POINTS Goldman Sachs has reaffirmed its buy rating on Chevron Corporation, raising its price target from $241 to $256 following a strong third-quarter financial performance by the US oil …

KEY POINTS Nigeria’s oil and gas reforms have helped increase crude oil production by 600,000 barrels per day, raising output from 1.2 million barrels per day to 1.8 million barrels …