Indian Oil Corp. is looking to buy 24 million barrels of crude oil from the Americas in the first quarter of next year to replace lost Russian supply after the latest U.S. sanctions on Rosneft and Lukoil.
The UK-based energy giant, which is a co-venturer in the exploration license via its 50/50 company with Italy’s Eni, Azule Energy, can confirm the preliminary results of the Volans-1X exploration well, as reported by operator Rhino Resources earlier this month.
The world’s biggest meat and dairy companies are responsible for emitting more climate-warming methane than all of the countries in the European Union and United Kingdom combined, according to a new assessment published Monday.
The company is has started considering bids from potential buyers, according to a statement posted on its website late on Monday. The divestment process is being conducted under a wind-down license from the US Treasury’s Office of Foreign Assets Control, which Lukoil said it could ask to be extended “to ensure uninterrupted operations of its international assets.”
The initiative, dubbed STEM Clinic, is designed to spark curiosity and build confidence among young learners — particularly girls. This year’s edition engaged over 500 female students from the Ahanta West Municipality in the Western Region over a two-week period, equipping them with practical scientific skills and inspiring them to envision careers in science and technology.
Eni has finalized the sale of a 30% interest in Côte d’Ivoire’s Baleine offshore project to Vitol, reshaping the partnership structure of the country’s flagship oil and gas development. Following the deal, Eni retains a 47.25% stake as operator, Vitol holds 30%, and state-owned Petroci controls 22.75%.
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.
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.
The Ghana National Petroleum Corporation (GNPC) has restated its commitment to achieving full operatorship as it continues to strengthen technical competence, institutional resilience, and financial sustainability.
In reality, though, national output has been declining. Data from the Petroleum Commission show crude production fell from 71.4 million barrels in 2019 to 48.2 million barrels in 2024, with a further 26% year-on-year drop recorded in the first half of 2025.