Author: Daniel Terungwa

PENGASSAN Demands Unbundling of Nigeria’s Electricity Grid The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the federal government to unbundle the country’s electricity national grid. The association believes that unbundling the national grid will encourage private sector investments in the sector, leading to improvements in power supply across the…

Cenovus Energy Anticipates Increased US Refinery Output in 2024 Cenovus Energy anticipates increased production from its U.S. refineries in 2024 as the Canadian company’s two refineries have resumed operating at full capacity. Cenovus has faced production challenges following a fatal fire at its refinery in Toledo, Ohio, last year and an explosion at the refinery…

Oil Prices Climb as Dollar Weakens and IEA Upgrades Demand Outlook Oil prices experienced an increase on Thursday, building on the gains from the previous session. This upward momentum was attributed to a weaker dollar and a boost from the International Energy Agency (IEA), which raised its oil demand forecast for the next year. Brent…

U.S. Gas Producer EQT Explores Sale of $3 Billion Worth of Assets EQT, a US-based natural gas production company, is reportedly contemplating divesting minority stakes in oil and gas assets in Pennsylvania to raise more than $3 billion. Sources familiar with the matter informed Reuters that EQT is collaborating with an undisclosed investment bank to…

Why Big Oil Isn’t Losing Sleep Over the New Climate Deal The COP28 climate summit in Dubai recently concluded with a landmark deal calling for a transition away from fossil fuels. While some countries, including the United States, applauded this as the firmest-ever commitment to moving away from energy sources responsible for significant planet-heating emissions,…