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Energy 17 January 2026 - 24 January 2026

Shell’s $20 billion Nigeria Bonga bet collides with talk of an Argentina shale exit

Shell’s $20 billion Nigeria Bonga bet collides with talk of an Argentina shale exit

Nigeria’s President Bola Tinubu has given the green light to investment-linked incentives for Shell’s Bonga South West deepwater oil project, following talks with CEO Wael Sawan. Sawan indicated a final investment decision could come by 2027, with projected capital and operating costs around $20 billion. Shell is also eyeing Nigeria’s exploration licence round. Tinubu emphasized these incentives aren’t “blanket concessions” but tied to fresh capital and output. Shell highlighted recent investments in Bonga North and a gas project supplying Nigeria LNG; Exxon Mobil is another Bonga partner. Timing is crucial. After years of stalled investment and declining output, Nigeria is pushing to accelerate major offshore projects. To make it happen, the country is relying on specific fiscal and regulatory adjustments.
24 January 2026
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ComEd’s $15.3 billion grid plan could raise Chicago-area bills — what’s in the filing

ComEd’s $15.3 billion grid plan could raise Chicago-area bills — what’s in the filing

Commonwealth Edison has submitted a $15.3 billion grid upgrade plan to the Illinois Commerce Commission, covering 2028 through 2031, aiming to handle rising electricity demand. The utility said if the proposal gets the green light, average residential bills could rise by about $2.50 to $3.00 per month starting in 2028. ComEd also pointed out that demand growth is already stressing over 70 substations across its network, which serves roughly 4 million customers in northern Illinois. The proposal comes as the region targets big power users such as data centers, while electric vehicle adoption climbs and buildings grow more dependent on electricity. Utility planners are bracing for a significant jump in demand. Regulators must now decide how far to go in preparing for the surge.
23 January 2026
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Ovo’s £2.7m payout: Vulnerable customers waited 19 months for bill support

Ovo’s £2.7m payout: Vulnerable customers waited 19 months for bill support

Britain’s energy regulator has ordered Ovo to pay more than £2.7 million in compensation after thousands of vulnerable customers waited months for a government-backed electricity bill discount that should have arrived during the winter. The ruling lands as households remain sensitive to energy costs and as regulators push suppliers to treat vulnerable customers as a priority, not an afterthought. Delays matter most in winter, when cold weather can turn a missed rebate into a health risk.
23 January 2026
Crude oil prices slip today: Brent and WTI ease as traders brace for U.S. inventory data

Crude oil prices slip today: Brent and WTI ease as traders brace for U.S. inventory data

London, January 22, 2026, 11:47 AM — Regular session Crude oil prices slipped on Thursday following two days of gains as traders pared back bets on geopolitical tensions involving Greenland and Iran. Brent futures dropped 61 cents, or 0.9%, to $64.63 a barrel by 0954 GMT. Meanwhile, U.S. West Texas Intermediate for March slid 54 cents, also 0.9%, settling at $60.08. Ole Hansen, chief commodity analyst at Saxo Bank, described the move as a “deflation of risk premium.” Tony Sycamore at IG added that oil “should hold at around $60 a barrel.”
22 January 2026
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National Grid’s North Wales grid upgrade clears a planning hurdle — what the Pentir–Trawsfynydd plans include

National Grid’s North Wales grid upgrade clears a planning hurdle — what the Pentir–Trawsfynydd plans include

National Grid said four planning applications for an electricity network upgrade in north Wales have been validated by local authorities, moving its Pentir to Trawsfynydd project into formal review. The company expects decisions early this year and, if approved, construction would start in summer 2026, with full operation scheduled for 2030. https://www.nationalgrid.com/national-grid-submits-planning-applications-vital-electricity-network-upgrade-north-wales-connect The step matters because grid bottlenecks are starting to bite harder. National Grid said the works would ease pressure on the existing network, support Wales’ clean power and energy security goals and reduce “constraint costs” — extra charges that build up when the grid cannot move electricity to where it is needed.
22 January 2026
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EQT stock pops as natural gas surges on Arctic blast; what traders watch next

EQT stock pops as natural gas surges on Arctic blast; what traders watch next

New York, Jan 21, 2026, 14:47 EST — Regular session. EQT Corp shares jumped 6.2% to $54.66 in afternoon trading Wednesday, following a strong rally in U.S. natural gas prices. Range Resources climbed roughly 4%, Devon Energy gained nearly 4%, and Coterra Energy added about 2%. The U.S. Natural Gas Fund surged close to 10%, while the SPDR S&P 500 ETF rose around 1%.
21 January 2026
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Natural gas price surges again as Arctic blast looms, lifting UNG and U.S. producers

Natural gas price surges again as Arctic blast looms, lifting UNG and U.S. producers

NEW YORK, Jan 21, 2026, 10:40 EST — Regular session U.S. natural gas futures surged once more Wednesday, with the front-month Henry Hub contract climbing about 23% to around $4.80 per million British thermal units, after hitting a session peak near $4.98. That marked a gain of roughly 87 cents from Tuesday’s close at $3.907.
21 January 2026
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Tengiz shutdown drags on: Chevron-led Kazakhstan oilfield seen offline for 7–10 more days

Tengiz shutdown drags on: Chevron-led Kazakhstan oilfield seen offline for 7–10 more days

Kazakhstan’s Tengiz oilfield is expected to stay offline for another 7 to 10 days, industry sources told Reuters, after power supply issues stopped production over the weekend. The disruption has led to the cancellation of some export shipments. The outage is significant since Tengiz lies at the core of Kazakhstan’s export infrastructure. The bulk of the nation’s crude flows through the Caspian Pipeline Consortium line to a terminal on the Black Sea. Any prolonged disruption at Tengiz can swiftly disrupt loading schedules for CPC Blend, the region’s key export grade.
21 January 2026
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Adani Power wins key tribunal nod for Rs 4,000 crore Vidarbha plant takeover

Adani Power wins key tribunal nod for Rs 4,000 crore Vidarbha plant takeover

India’s insolvency appellate tribunal has given the green light to Adani Power’s 4,000-crore rupee resolution plan for Vidarbha Industries Power, removing a major legal obstacle for the acquisition of the 600-megawatt thermal plant in Maharashtra. This decision cuts down the scope for last-minute hurdles that frequently bog down India’s bankruptcy cases, particularly in the power sector where recoveries for lenders, suppliers, and workers often clash.
21 January 2026
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Chevron stock steadies near $166 as Turkey exploration talks surface and Tengiz outage drags on

Chevron stock steadies near $166 as Turkey exploration talks surface and Tengiz outage drags on

New York, January 20, 2026, 13:56 — Regular session Chevron shares barely moved Tuesday afternoon following a report that Turkey’s state oil firm is negotiating with the U.S. giant on joint oil and gas exploration. The stock edged up 0.04% to $166.32, fluctuating between $164.44 and $167.45 earlier. Exxon Mobil gained 0.4%, while the SPDR S&P 500 ETF slipped about 1.8%.
20 January 2026
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Shell stock set for Monday spotlight after Reuters report flags LNG Canada stake-sale talks

Shell stock set for Monday spotlight after Reuters report flags LNG Canada stake-sale talks

London, Jan 18, 2026, 21:45 GMT — The market has closed. Shell starts the week with speculation swirling around its Canadian LNG assets, following a Reuters report that the company is weighing a sale of part of its stake in the LNG Canada project. As the largest shareholder with a 40% share, Shell has reportedly been gauging interest via Rothschild and might sell up to 30% of the venture. Mitsubishi, holding 15%, is also considering its options. On Friday, Shell’s shares in London edged up 0.2% to 2,752.5 pence, while its U.S.-listed ADRs gained 1.1%, closing at $74.25.
18 January 2026
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Azerbaijan Starts Gas Deliveries to Germany and Austria, Adding Two New European Markets

Azerbaijan Starts Gas Deliveries to Germany and Austria, Adding Two New European Markets

BAKU, January 18, 2026, 00:45 Azerbaijan’s state energy giant SOCAR has started delivering natural gas to Germany and Austria through the Trans Adriatic Pipeline, which is a key segment of the Southern Gas Corridor bringing Caspian gas into Europe, the company announced on Friday. SOCAR said this step aims to expand its gas sales network across Europe and the Middle East.
17 January 2026
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Stock Market Today

  • Paying Off Debt May Come Before 401(k) Max-Out, Say Advisors
    July 2, 2026, 5:03 PM EDT. Financial advisors say maxing your 401(k) isn't always the right move if you're carrying high-interest credit card balances or similar debt. They recommend getting the employer match, but say putting extra cash toward debt and an emergency fund first can leave you better off in the short run and save on interest. Letting debt pile up while focusing only on retirement contributions can strain your finances and knock long-term plans off course.
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