The company on Wednesday announced a new midterm management plan spanning fiscal years 2026 and 2028, with the goal for dividends to reach 140 yen ($0.92) per share by the end of the period. That compares with its 100 yen dividend for the current fiscal year.
The world’s biggest oil companies are expected to press ahead with plans to accelerate production growth when they report earnings this week, despite weak crude prices and higher supplies from OPEC and its allies.
An Aframax tanker carrying Russian crude to India has reversed course soon after leaving the Russian coast and is currently idling in the Baltic Sea, Kpler has reported, as cited by Bloomberg. The crude on board comes from Rosneft, which the U.S. sanctioned a week ago.
The European Union needs to step up efforts to provide supply of critical minerals in the face of Chinese export curbs, the European Initiative for Energy Security has said, calling for more funding to be secured for these efforts.
Indian refiners have suspended new orders for Russian crude, Reuters has reported, citing unnamed sources as saying the industry awaited clarity from the government about navigating the new U.S. sanction context.
Nigeria’s Dangote Refinery will expand capacity to 1.4 million bpd by 2028 with the addition of a new 750,000 bpd processing line, Argus reported on Monday. The second line will be built in Lagos alongside Dangote’s existing 650,000-bpd unit, which began commercial operations in 2024. A potential capacity expansion was part of the facility’s original […]
Lukoil is the most internationally diverse of Russia’s oil giants, with upstream businesses in former Soviet countries such as Kazakstan, Uzbekistan and Azerbaijan, as well as in Egypt, the United Arab Emirates and West African nations of Ghana, Nigeria, Cameroon and Congo.
Israel’s Natural Gas Authority allocated 41.8 percent of the capacity of the planned Nitzana natural gas pipeline to Egypt to the Chevron Corp-led Leviathan consortium, Leviathan co-venturer NewMed Energy LP said Sunday.
North Rafah spans nearly 3,000 square kilometers (1,158.31 square miles) in the Mediterranean Sea off the northeastern coast of Egypt, QatarEnergy noted. The block has a water depth of up to 450 meters (1,476.38 feet), it said.
The U.S. president earlier this year stepped up his rhetoric against Venezuela’s government, saying both President Nicolas Maduro and senior members of his cabinet were involved in drug trafficking. Trump also put a higher bounty on Maduro’s head, at $50 million, and ordered boats coming from Venezuela—allegedly with drugs on board—to be destroyed.