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ADNOC, OMV Tweak Investment Plans for Polyolefins JV

OMV AG and Abu Dhabi National Oil Co (ADNOC) on Thursday announced changes to their investment plans for their pending polyolefins joint venture (JV),...

SAS, Air NZ cancel thousands of flights due to fuel prices, others may follow

Scandinavian Airlines (SAS) is cancelling around 1,000 flights in April 2026 due to the surge in oil prices caused by the ongoing war in...

Air India sends ‘wrong’ Boeing 777 to Canada, forcing flight back to Delhi

Air India sent a Vancouver-bound flight back to Delhi after departing with what Indian media described as the “wrong” Boeing 777 variant for entry into Canada, forcing...

Tax authorities tighten scrutiny on related-party transactions

Nigeria’s tax authorities are increasing scrutiny of transactions between related companies as part of efforts to boost revenue and reduce tax leakages.The increased focus...

OneSubsea to buy Norwegian firm’s subsea business

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, is expanding its technology and research and development (R&D) capabilities with the acquisition of...

Seadrill’s JV with Sonangol lines up more work for 2015-built drillship in Angola

Sonadrill, a 50:50 joint venture between an affiliate of Sonangol E.P. and Bermuda-headquartered offshore drilling contractor Seadrill, has picked up a multi-well job in...

FEED contract marks step forward in Mediterranean’s first CO2 storage project

Dubai-headquartered engineering and services company Kent has won a front-end engineering design (FEED) contract with EnEarth, a subsidiary of the UK-based oil & gas company Energean,...

USA Crude Oil Stocks Rise Almost 4MM Barrels

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR) increased by 3.8 million barrels from the week ending February 27...

TotalEnergies Raises Production in Lapa offshore Brazil

TotalEnergies SE and its partners have started up the Lapa Southwest project, increasing production capacity in the Lapa field in the Santos basin offshore...

DisCos pocket N2.3tn despite erratic power supply

Nigeria’s electricity distribution companies recorded a combined revenue of about N2.33tn in 2025, despite persistent consumer complaints over poor service delivery, estimated billing, and...

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