Iran war: Middle East oil exports recover, LNG traffic gains momentum
While Saudi Arabia and the UAE led the export rebound, a recovery in energy flow via the Strait of Hormuz played a big role as well...
Category : Oil & Gas
Dangote posts record USD 1.82 billion profit as Nigeria becomes Europe’s key fuel supplier
The latest profit figure also marks a tremendous recovery for the Dangote refinery, after the USD 476 million loss recorded in 2025...
East-West pipeline attack: Saudi offers crude via Sohar Port, cancels European cargoes
Saudi Aramco has offered its flagship Arab Light grade, as well as Arab Medium and Arab Heavy, to Asian buyers for loading off Sohar...
Nigeria’s domestic crude swap proposal could cut refining costs
The finer details of this complicated swap mechanism, pitched forward by the Bola Tinubu administration, are being worked out by the various stakeholders...
IF Insights: Decoding the US-Venezuela oil deal, the largest in history
Trump has claimed majority American control of 65 billion barrels of Venezuelan oil reserves. The structure is unprecedented, the legitimacy is contested...
Libya seeks up to USD 40 billion to unlock oil and gas potential
The North African producer targets two million barrels a day by 2030 as it seeks foreign capital to develop more than 60 untapped fields...
IF Insights: Oil giants see Iran war windfall, bill lands somewhere else
Exxon, Chevron, Shell, BP and TotalEnergies earned close to USD 47 billion in the Q2 2026. Almost none of it came from doing anything new....
BP divestment: Kuwait-backed consortium in race to acquire energy giant’s solar unit
Private equity firm Qualitas Energy and Wren House, the infrastructure arm of Kuwait Investment Authority, have teamed up to acquire Lightsource...
Iran war: US backs Iraq-Syria pipeline revival to reduce Hormuz oil risk
The restoration of the 800km pipeline has emerged as a strategic priority after the Iran conflict exposed the vulnerability of the Gulf’s main energy corridor...
ExxonMobil announces major investments in Nigeria and Cyprus offshore projects
ExxonMobil will be returning to drilling operations in Nigeria after nearly a decade, with its last campaign in the African country conducted in 2016...