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Eni Q1 net profit beats expectations on strong gas business

Milan — Italian energy group Eni said on Friday its first-quarter net profit fell 11% year on year on lower oil and gas prices compared with the first three months of 2022, when Russia’s invasion of […]

Stakeholders demand establishment of 18 modular refineries

*Unveiling of the Network on Organised Crimes in Nigeria and the Gulf of Guinea, held in Port Harcourt – To mitigate organized crimes– Buhari affirms Nigeria’s commitment to tackling crime in GoG Mkpoikana Udoma Port […]

TotalEnergies urges rejection of climate resolution submitted by shareholders

Paris — French oil major TotalEnergies on Friday urged shareholders to reject an AGM resolution seeking accelerated cuts under the French oil major’s greenhouse gas emission reduction programme. The resolution was submitted to the May […]

Nigeria’s gas output declines 6.72% to 149.26bscf in one month

Shell gas flare at Kolo Creek – surrounded by agricultural fields. Ike Amos Dublin, Ireland — Oil and gas companies operating in the country produced 149.263 billion standard cubic feet (SCF) of gas in February […]

TotalEnergies, number 2 in employee share ownership in Europe

*Patrick Pouyanne – Launches annual capital increase reserved for employees– Announces the first interim dividend of €0.74/share for fiscal year 2023 Lagos — The Board of Directors of TotalEnergies SE, meeting on April 26, 2023, […]

FG suspends removal of fuel subsidy

*Fuel dispenser pump Abuja — The National Economic Council, NEC, has suspended the planned removal of petrol subsidy by the Federal Government as from June this year. The council met on Thursday at the Council […]

Russia says OPEC+ sees no need for further oil output cuts

*Logo of the Organization of Petroleum exporting Countries Moscow — Russian Deputy Prime Alexander Novak said on Thursday that OPEC+ group of leading oil producers does not see the need for further oil output cuts […]

Host communities to sue IOCs, FG for $1trn over damage from oil activities

*Bayelsa villagers lose livelihood to oil pollution Mkpoikana Udoma Port Harcourt — Oil and gas host communities in the Niger Delta have vowed to file a litigation against oil companies and the federal government to the […]

Putin takes over Russian assets of two foreign energy firms

Russian President Vladimir Putin speaks at a Security Council meeting in the Kremlin in Moscow, Russia, Friday, March 28, 2014. (AP Photo/RIA-Novosti, Alexei Nikolsky, Presidential Press Service) London — President Vladimir Putin on Tuesday signed […]

TotalEnergies declines to connect Congolese oil blocks to “famous” pipeline

*East African Crude Oil Pipeline London — Democratic Republic of Congo’s vision of earning billions of dollars in revenue from dozens of landlocked oil blocks will remain distant without a connection to a lone export […]