COGNICURRENT

Ukraine's government appoints a new supervisory board for Naftogaz, aimed at addressing previous corruption issues and bringing experienced international members to the energy sector.

Petrobras shares surged up to 5% amid tensions in the Middle East after attacks by the US and Israel on Iran, boosting the entire oil sector in Brazil.

President Bola Ahmed Tinubu has issued an executive order aimed at stopping revenue leakages in Nigeria's oil and gas sector by mandating direct remittance of petroleum proceeds to the Federation Account.

Experts warn that the recent attacks by the US and Israel on Iran may lead to significant instability in the energy markets, particularly impacting the gas sector.

The recent U.S.-Israeli strikes on Iran are expected to significantly impact the shipping sector and supply chains, with implications for global maritime routes, shipping costs, and oil prices.

The article outlines key facts about Iran's energy sector, particularly amid escalating tensions involving military actions by the US and Israel.

Pemex has awarded a mixed development contract to GSM Bronco for the exploitation of the Macavil field, seen as its most valuable asset in recent partnerships with the private sector.

A transformer exploded in Sector-18, Noida, severely injuring two people due to falling hot oil from the blast.

Vladimir Arhipov advocates for a renewed focus on oil shale energy to address the crisis in Estonia's energy sector.

Eesti Energia reported a net loss of 83 million euros last year due to a significant write-down of its new oil shale plant.

Eni reported higher-than-expected production and maintained profitability despite a slight drop in overall earnings, driven by significant performance in the fourth quarter and recent exploratory successes.

Iran aims to convince US President Trump to support a nuclear agreement and avoid war by offering financial incentives in its oil and gas sector.

The U.S. government has authorized the provision of crude oil to Cuba for the private sector, while Secretary of State Marco Rubio seeks regional support for U.S. policies in the Caribbean.

Vaca Muerta's oil production reached a record of 882,200 barrels daily in January, now accounting for 68% of Argentina's total output.

Nigeria's oil sector faces new challenges as President Bola Tinubu's directive raises financial concerns, the PDP contests local election results, and electoral officials face potential jail time.

Bayo Ojulari, CEO of Nigerian National Petroleum Company, has been awarded a Fellowship from the Energy Institute in the UK, marking a significant achievement in the global energy sector.

The Nigerian police chief has committed to ensuring the protection of oil sector facilities during a meeting with lawmakers.

Venezuela has begun raising gasoline prices in Caracas as part of efforts to generate new revenues while reopening its oil industry to foreign investment.

Cuban private companies have begun importing fuel directly amid US restrictions, though the process is complicated by local bureaucracy and continued sanctions.

Repsol reported a net profit of 1.889 billion euros for 2025, showing an 8.1% increase from the previous year, amidst fluctuating oil and gas prices.

Libya is shifting its fuel supply sources from Russia to Western traders amid efforts to restructure its oil sector post-civil war.

The Nigerian Content Development and Monitoring Board has reaffirmed the mandatory requirement for a 1% levy for the Nigerian Content Development Fund from operators in the oil and gas sector.

Warren Buffett's Berkshire Hathaway returns to traditional media investments, signaling renewed confidence in the sector and notable increases in holdings in Domino's Pizza and Chevron.

Nigeria's oil sector is estimated to have lost N1.76 trillion due to failure in meeting OPEC's production quotas.

Eni has discovered a new hydrocarbon deposit named Calao Sud in Ivory Coast, estimated to hold around 1.4 billion barrels of oil and natural gas.

Nicolai Tangen, the head of Norway's Oil Fund, argues that the Norwegian business sector is lagging in artificial intelligence (AI) adoption, advocating for its pivotal role in enhancing productivity and trading.

The United States has relaxed energy sector sanctions on Venezuela, enabling global oil companies to resume operations and invest in the country's oil and gas industry.

Eni, the Italian oil company, has received a license from the U.S. to explore oil in Venezuela, joining four other major companies in revitalizing the nation's oil sector.

Donald Trump has officially lifted sanctions on Venezuela's oil, allowing companies like Repsol, Chevron, BP, Eni, and Shell to resume operations in the country.

The Dangote Refinery in Nigeria has achieved a capacity of 650,000 barrels per day, marking a significant operational milestone.

Venezuela is planning to grant more oil production lands to Chevron and Spain's Repsol, as the Trump administration encourages private companies to rebuild the nation's energy sector.

Libya has awarded exploration licenses for five oil and gas blocks to major foreign energy companies as part of an effort to revitalize its energy sector.

The leadership of the Ondo State Oil Producing Areas Development Commission is being questioned by the Code of Conduct Bureau regarding an alleged N463 million misappropriation of funds.

U.S. Energy Secretary Chris Wright's visit to Venezuela marks significant talks aimed at a historical energy agreement between the two nations, coinciding with Venezuela's new law to attract foreign investment in its oil sector.

The US Energy Secretary Ch. Wright is in Venezuela to discuss the utilization of the country’s vast oil reserves following the ousting of former President Nicolas Maduro.

Libya has issued new oil exploration and production licences to foreign companies for the first time in 17 years, aiming to revitalize its oil sector and increase production significantly.

Ukrainian attacks on Russian energy facilities resulted in over 1 trillion rubles in damages to the Russian oil sector in 2025, according to a pro-Kremlin newspaper.

A recent study by Moniepoint reveals that digital payments now comprise 43% of fuel transactions in Nigeria's oil sector, highlighting a significant move away from cash.

Petrobras announced a record high in oil exports for the year 2025, shipping an average of 765,000 barrels per day, marking a 27% increase from the previous year.

A Saudi-American alliance is set to explore and produce oil and gas in northeastern Syria, reflecting a surge in foreign investments in the country's energy sector following significant political and economic changes.

Rosebank, a London-listed oil and gas company, is reportedly in discussions for a US takeover valued at £2.2 billion.

US Energy Secretary Chris Wright is planning a visit to Venezuela to discuss the future of the energy sector amid geopolitical tensions.

Ukrainian drone attacks have significantly impacted Russia's fuel and insurance industries, causing substantial financial losses.

Namibia's Ministry of Industry raises objections to the acquisition deal between TotalEnergies and Petrobras, citing lack of prior notification and legal requirements for approval.

The Nigerian Exchange Limited reached a record market capitalization of N110.23 trillion, driven by significant gains in the Oil & Gas sector.

Brazil has reached the end of 2025 confirming a decade of stagnation in the search for new oil exploration frontiers due to declining international prices and environmental licensing challenges.

Energy sector experts cast doubt on the U.S. plans to leverage Venezuelan oil following the ousting of dictator Nicolás Maduro.

Mexican state-owned Pemex has awarded a contract for a crude oil and natural gas field to a company controlled by Carlos Slim, further consolidating his influence in the energy sector.

Iran's Foreign Minister stated that the dialogue aimed at reducing military tension had a 'positive climate' while the Trump administration reiterated its sanctions against the oil sector.

The United States has announced a new set of sanctions targeting Iran's oil sector, reflecting its continued strategy of 'maximum pressure' following recent indirect talks in Oman.