TotalEnergies is expanding its power business in Europe with a multi-billion all-stock deal to buy 50% of the flexible power generation assets of Czech firm EPH. The French supermajor on Monday announced a $5.9-billion (5.1 billion euros) all-stock transaction with Energetický a pr?myslový holding, a.s. (EPH) to acquire 50% of its flexible power generation platform in Western […]
The international companies part of the deal to restart Kurdistan’s oil exports have seen the lifting of the first cargo from the semi-autonomous Iraqi region for export from the Turkish terminal of Ceyhan since pipeline exports to the Mediterranean port resumed at the end of September. London-listed Gulf Keystone Petroleum confirmed on Monday that a first lifting […]
Chevron is evaluating a potential bid for Lukoil assets placed under pressure following recent U.S. sanctions, according to an exclusive report from Reuters, adding another major Western operator to the group reviewing opportunities created by Russia’s forced divestments. The review covers a range of refining, fuel-marketing and upstream positions once held by Lukoil across Europe, the […]
A new gas discovery in Egypt’s Western Desert has added another timely boost to the country’s strained upstream portfolio. The well, identified as Gomana-1, encountered several gas-bearing intervals based on electric-log data, with early tests indicating output of around 36 million cubic feet per day, according to the Daily News Egypt. The find is now undergoing […]
Leading consultancy companies have joined the African Energy Chamber’s (AEC) (https://EnergyChamber.org/) G20 Africa Energy Investment Forum, taking place November 21 in Johannesburg. Acha Leke, Chairman, McKinsey & Company Africa, and Simon Van Wyk, Director of Sustainability & ESG, Deloitte Africa, are expected to shed light into Africa’s evolving energy landscape, examining how global investors perceive […]
India’s public-sector oil companies have successfully concluded a one-year deal to import liquified petroleum gas (LPG) from the U.S. Gulf coast, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Monday (November 17, 2025)
India has significant reliance on imports to meet its energy requirements, with nearly 89% of the crude oil used being imported. This dependence extends to other key fuels as well, with about 50% of natural gas and approximately 59% of Liquified Petroleum Gas (LPG) needs met through imports. Moreover, India is also a major exporter of petroleum products, shipping around 65 million metric tonnes (MMT) annually. This is largely due to its strong domestic refining capacity, which is the fourth largest globally.
Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) yesterday announced that the company had achieved ‘first oil’ from its Ibom Field, Petroleum Prospecting Licence (PPL) 236, a significant boost for Nigeria’s quest for additional crude output.
The U.S. fund The Carlyle Group is studying the possibility of acquiring the overseas oil and gas assets held by Lukoil, Russia’s second-largest oil producer. According to international media reports published on Thursday, November 13, the deal concerns a portfolio valued at around $22 billion based on Lukoil’s 2024 accounts.
Government has reaffirmed its determination to halt the country’s half-decade decline in oil production, announcing more than US$3.5billion in new investment commitments as the national oil company (NOC) prepares to begin offshore drilling in late 2026.