Nigeria would be saving up to $10 billion annually in foreign exchange previously spent on fuel imports as Dangote Refinery sustains capacity production
Woodside Energy Group Ltd said Monday its proven and probable (2P) reserves grew last year, with three billion barrels of oil equivalent (Bboe) remaining at yearend.
Eni has announced a significant gas and condensate discovery at its Murene South-1X well in Block CI-501 offshore Côte d’Ivoire, confirming the broader potential of the Calao channel complex and marking one of the country’s largest hydrocarbon finds to date.
The OFAC issued general licences to Chevron, bp, Eni, Shell and Repsol for operating oil and gas projects in Venezuela.
An expected increase in US natural gas production will be driven by mainly by Appalachia, Haynesville, and Permian regions.
Italy’s Eni and the United Kingdom’s BP have confirmed a fresh 500 million-barrel oil discovery offshore Angola, reinforcing the Southern African nation’s efforts to strengthen crude production amid sustained output pressure and shifting global energy flows.
Nigeria’s Dangote Refinery processed a record 40.1 million litres of crude per day in January, representing 57% of tthe otal supply and marking a 25% increase from 32 million litres in December 2025. The refinery now supplies 62% of the country’s Premium Motor Spirit, overtaking fuel importers for the first time ever. The giant plant–the world’s largest single-train refinery–finally reached full operational capacity at 650,000 bpd, marking an important milestone in Nigeria’s efforts to cut reliance on imported fuel.
In early January 2026, U.S. forces captured Nicolás Maduro and brought him into U.S. custody on drug charges. In subsequent public statements, the Trump administration announced an intent to encourage private-sector participation and investment in Venezuela’s energy sector, despite broad U.S. sanctions on the Venezuelan government.
Aker BP has awarded Aker Solutions a long-term maintenance, modification and operations (MMO) contract covering all Aker BP-operated assets on the Norwegian Continental Shelf.
Chevron, through its subsidiaries and in partnership with HELLENiQ ENERGY, has signed lease agreements with the Hellenic Republic for exploration rights to four offshore blocks in Greece, expanding its presence in the Eastern Mediterranean.