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TotalEnergies Boosts Stake in OPL257 Offshore Nigeria
TotalEnergies has signed agreements with its long-term partner, Conoil Producing Limited, to acquire a 50% operated interest in Block OPL257, while Conoil will acquire the 40% participating interest held by TotalEnergies in Block OML136. Both blocks are located offshore Nigeria. Following the transaction, TotalEnergies’ stake in OPL257 rises to 90%, with Conoil retaining the remaining…
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Trump Administration Unveils Controversial Pacific Coast Oil Drilling Plan
LOS ANGELES, November 20, 2025 – The Trump administration announced a major expansion of offshore oil and gas drilling in U.S. waters, including along California’s iconic coastline, sparking a clash with state officials and environmental groups. The plan aligns with President Trump’s energy dominance agenda, aiming to boost domestic fossil fuel production while overturning the…
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UK Energy Bills Set to Rise as Ofgem Increases Domestic Price Cap by 0.2%
LONDON, November 21, 2025 – Millions of British households will face slightly higher energy bills in 2026 after the UK energy regulator Ofgem announced a 0.2% increase in the domestic energy price cap starting in January. The adjustment comes amid rising policy and network costs, despite a 4% decline in wholesale gas and electricity prices.…
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Abu Dhabi’s IHC Expresses Interest in Lukoil’s Foreign Assets Amid U.S. Sanctions
ABU DHABI, November 21, 2025 – Abu Dhabi conglomerate International Holding Company (IHC.AD) has expressed interest in acquiring Lukoil’s (LKOH.MM) foreign assets, following clearance from the U.S. Treasury for companies to begin talks with the Russian oil giant. This move adds IHC to a growing list of potential buyers, which includes ExxonMobil, Chevron, and Carlyle…
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Key Japanese Official Approves Partial Restart of World’s Largest Nuclear Power Plant
TOKYO, November 21, 2025 – Japan took a major step toward reviving its nuclear energy sector as Niigata Prefecture Governor Hideyo Hanazumi approved a partial restart of the Kashiwazaki-Kariwa nuclear power plant, the world’s largest nuclear facility. The decision clears the final major regulatory hurdle for Tokyo Electric Power Co (TEPCO) (9501.T) to restart one…
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Frequent System Failures Disrupt Port Operations — Customs Agents
The Association of Nigerian Licensed Customs Agents (ANLCA) has raised concerns over persistent downtime of the newly commissioned B’odogwu unified digital customs management system, operated by the Nigeria Customs Service (NCS), warning that it is causing significant delays and financial losses in port operations. Speaking to Vanguard, ANLCA Vice President, Mr. Segun Oduntan, acknowledged occasional…
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Oil Prices Drop Over 1% Amid US Push for Russia-Ukraine Peace and Rate Uncertainty
LONDON, November 21, 2025 – Oil prices fell for a third consecutive session on Friday, with Brent crude down 1.3% to $62.55 a barrel and U.S. West Texas Intermediate (WTI) crude down 1.6% at $58.08, as the United States pushed for a Russia-Ukraine peace deal while global investors remained cautious amid uncertain interest rate expectations.…
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Tullow Oil Shares Plunge to Record Low Amid Dim Production Outlook and Debt Refinancing Talks
LONDON, November 21, 2025 – Shares of Tullow Oil (TLW.L) hit a record low on Friday after the West Africa-focused oil producer warned that 2025 production will likely fall at the lower end of its forecast. Mounting debt pressures, delayed payments from the Ghanaian government, and ongoing debt refinancing talks contributed to a sharp decline…
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EU Can Counter Trump’s Tariffs Through Domestic Trade, Says ECB’s Christine Lagarde
FRANKFURT, November 21, 2025 – The European Union (EU) can offset the negative impact of U.S. trade tariffs by reducing internal barriers among its member states, according to European Central Bank (ECB) President Christine Lagarde. Speaking at Euro Finance Week in Frankfurt on Friday, Lagarde emphasized that boosting intra-EU trade could help the bloc maintain…
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Bitcoin Rebounds After Falling Below $90,000, a Seven-Month Low
SINGAPORE/LONDON, November 18, 2025 – Bitcoin found some footing on Tuesday, rebounding slightly after dipping below $90,000, its lowest level in seven months. The risk-sensitive cryptocurrency has now lost nearly all of its gains for 2025, trading approximately 26% below its peak above $126,000 in October. Bitcoin was last trading at $93,532, after briefly hitting…
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