NNPC Profit Falls 35% to About US$1.7 Billion in First Half
NNPC profit fell 35.4% to N2.28 trillion, about US$1.7 billion, in the first half of 2026, with Federation Account remittances...
August 4, 2026Topic
oil and gas
YPF Asset Sales Raise US$1 Billion for Argentina Shale Push
YPF is selling ageing conventional fields like Manantiales Behr and its Profertil stake to bankroll a US$1 billion bet on...
August 3, 2026
Dominican Republic FDI Hits Record as Cuba Opens Oil to Foreigners
Dominican Republic FDI reached US$3.28 billion in H1 2026, a 7.7% rise, as Cuba approved 176 reforms opening oil and...
July 29, 2026
Nigerian Court Voids Lawmakers’ US$47M Compensation Order Against Seplat
A Federal High Court voided a N72.6bn ($47.2m) legislative compensation order against Seplat Energy, ruling that Nigeria’s parliament cannot award…
July 29, 2026 Nigeria Gas Flaring Wastes US$1.1 Billion in Power
Nigeria’s onshore gas flaring rose 18.36% in 2025, wasting 32,300 GWh of potential electricity worth $1.1 billion while the grid...
July 29, 2026
Brazil’s OceanPact Wins Antitrust Nod for CBO Offshore Merger
Brazil CADE cleared the OceanPact-CBO offshore merger with no remedies, forming a dominant marine-services group serving Petrobras.
July 28, 2026
Carlos Slim’s Grupo Carso Signs $1.99 Billion Pemex Oil Deal
Grupo Carso signed a $1.99B contract with Pemex to drill 32 wells at Ixachi, targeting 200,000 barrels daily. Carlos Slim's...
July 28, 2026
Ecopetrol Cyberattack Hits 3,300 Accounts as CEO Roa’s Return Looms
Ecopetrol cyberattack compromised 3,300 cloud accounts across 15 units. Ransomware blocked, no critical disruption, but data extortion threat looms as.
July 18, 2026
Guyana Hardwires Local Manufacturing into the Oil Supply Chain
Guyana oil supply chain hits $1.5B in local procurement as 3 firms now build Jaguar FPSO parts and subsea jumpers...
July 14, 2026