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Investors withdraw Exxon climate proposal after court complaint

News wire — Activist shareholder group Follow This said on Friday it has withdrawn a climate resolution against Exxon Mobil after the oil giant sought to block the move through a Texas court. Exxon’s unusual […]

BP names Thomson as permanent CFO, wrapping up management revamp

News wire — BP on Friday named Kate Thomson as its permanent chief financial officer with immediate effect, completing a leadership reshuffle following Bernard Looney’s abrupt resignation as CEO in September. Thomson was appointed interim […]

TotalEnergies explores US, Europe renewable portfolio stake sale- sources

The French energy group is sounding out advisers for a sale of a stake in wind and solar power assets across the U.S., Spain, Portugal, France and Greece, the sources said. One of the sources […]

Oil gains after OPEC+ maintains output cuts

*OPEC+ barrel stock – Still heads for weekly losses Singapore — Oil prices rose on Friday following a decision by OPEC+ to keep its oil output policy unchanged, although benchmarks were headed for weekly losses […]

North America leads global long-term LNG contracts signed in 2023

*Long-Term-LNG-Contracts-Analysis-by-Export-Countries-2023. Lagos — North America has led globally in terms of the number of long-term contracts signed in 2023 for the export of liquified natural gas (LNG) with 21 contracts, according to GlobalData, a leading […]

OPEC oil output falls in January on new cuts, Libya

*OPEC+ – Output falls 410,000 bpd from December– December revised down to reflect Angola exit London — OPEC oil output in January registered the biggest monthly drop since July, a Reuters survey found, as several […]

Nigeria seeks to resolve disputed OPL 245 oilfield issues

*Heineken Lokpobiri. – Denies criminal liability Abuja — Nigeria wants to resolve outstanding issues around the disputed OPL 245 oil block as it seeks to attract investment to its oil and gas industry and has […]

Mideast conflict remains growing risk for energy markets -J.P. Morgan

JP Morgan Chase News wire — J.P. Morgan on Tuesday said that the growing conflict in the Middle East remains a growing risk for energy markets. Recent attacks on vessels in the Red Sea by […]

Asia to dominate global refinery alkylation capacity additions

Lagos — Asia is set to witness the highest refinery alkylation capacity additions among all the regions between 2024 and 2028, contributing about 48% of the total global capacity additions by 2028, says GlobalData, a […]

NNPCL denies not making remittances to federation account

*Headquarters of the Nigerian National Petroleum Company Limited, Central Business District, Garki, Abuja. – To publish audited financial statement soon Mkpoikana Udoma Port Harcourt — The Nigerian National Petroleum Company Limited, NNPC Ltd. has denied […]