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TotalEnergies to return more cash to shareholders

– As oil and gas output rise Paris — French energy group TotalEnergies (TTEF.PA) is to increase returns to shareholders and plans to raise its oil and gas production by 2 to 3% per year […]

Afreximbank turns to oil traders for NNPC’s $3bn loan

Sam Ikeotuonye, with agency reports Lagos — Cairo, Egypt-based African Export-Import Bank or Afreximbank is tapping oil traders to finance a $3 billion loan to Nigeria’s state oil company NNPC Limited aimed at supporting the […]

IPMAN flays NNPCL for allegedly re-introducing fuel subsidy payments

*Fuel dispenser pump Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria, IPMAN, has raised the alarm over alleged secret reintroduction of fuel subsidy payments by the Federal government. Recall that President Bola […]

Fluenta installs 18 ultrasonic flare gas meters at Dangote Refinery

*The Dangote Refinery Cambridge, UK — Fluenta, the global leader in the use of ultrasonic sensing technology for the measurement of flare gas, has recently completed work on the Dangote Refinery, Africa’s biggest oil refinery […]

‘State-owned refineries must run on NLNG model for sustainability’

* Experts during a panel session at the CGRP’s 6th International Mid/Downstream Oil and Gas Conference in Port Harcourt. – Say local solutions’ll tackle oil & gas challenges Mkpoikana Udoma Port Harcourt — The Federal […]

UK’s fossil fuel car ban delay may only stall investment

*Fossil fuels. – UK delay unlikely to affect global pace of EV shift– Analysts say delay is political, unsettles investors– Some brands plan to be fully electric before 2030 London — Britain’s decision to delay […]

China climate envoy says phasing out fossil fuels ‘unrealistic’

*Xie Zhenhua, China’s Special Envoy on Climate Change Singapore –– The complete phasing-out of fossil fuels is not realistic, China’s top climate official said, adding that these climate-warming fuels must continue to play a vital […]

Russia’s gasoline prices on exchange down almost 10% after export ban

*Dispensing of gasoline at a fuel station Moscow — Russian wholesale gasoline Ai-92 grade prices fell by 9.7% to 55,892 roubles ($582) per metric ton on Friday, according to exchange data, following a government ban […]

TotalEnergies to talk about Namibia oil exploration, share buybacks

Paris — TotalEnergies is expected to lay out the potential for its oil discoveries in Namibia at an investor day next week as the French energy firm continues to bet on oil and gas to […]

YEAC-Nigeria proffers solutions to oil theft, organised crimes in GoG

*Personnel of the Operation Delta Safe, OPDS, inspecting impounded boats suspected of involvement in crude oil theft Mkpoikana Udoma The solutions, according to YEAC-Nigeria, include setting up of a multinational Taskforce with other countries in […]