15 Dec Energy, Oil & Gas Stories
(Oilandgaspress) –––President and Chief Executive Officer of Dangote Group, Aliko Dangote, reportedly said that the four refineries owned by the Nigerian National Petroleum Corporation NNPC Limited would not attract buyers even if they were put up for sale, citing regulatory failures and a poor investment climate.
Dangote attributed the crisis in Nigeria’s downstream petroleum sector to regulatory mismanagement during the previous administration. “During the last administration of President Muhammadu Buhari, there was a big mistake that was made by putting a trader as a regulator. A trader can never be a regulator, and I think that was a mismatch,” Dangote said during a briefing on Sunday in Lagos. “The crisis that we’re facing is actually due to this, and what is actually paining me is that the country is paying a bigger price,” he said.
Kazakhstan expects a court ruling by the end of the year on its $3.5 billion lawsuit against international oil majors, Energy Minister Yerlan Akkenzhenov said. The first arbitration decision, linked to the Karachaganak oil and condensate project, could be issued within weeks. Kazakhstan is pursuing multiple legal cases against major energy companies, with total claims exceeding $160 billion. Related News
Middle East crude weakens against Brent amid supply glut
Key Middle Eastern crude grades have slipped to their weakest levels against Brent in about two months, signalling oversupply as output rises in the Middle East and the Americas while demand remains subdued. Abu Dhabi’s Murban premium to Brent has narrowed to its lowest since early October, while Dubai crude’s discount to Brent has widened to a seven-week high, reflecting ample global supply. Related News
US Pushes for Delay to EU Methane Reporting Rules
The United States is urging the European Union to exempt it from data-reporting obligations under the EU Methane Regulation until 2035, according to a document seen by Reuters. The regulation, in force since August 2024, requires importers from 2027 to prove oil, gas, and coal supplies meet EU-equivalent methane monitoring and reporting standards. Washington argues the rules could threaten Europe’s energy security and has lobbied for amendments or exemptions. Related News
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $56.74 | Down |
| Crude Oil (Brent) | USD/bbl | $60.47 | Down |
| Bonny Light 12/12/25 CBN | USD/bbl | $63.37 | Down |
| Dubai | USD/bbl | $62.10 | — |
| Natural Gas | USD/MMBtu | $4.06 | Down |
| Murban | USD/bbl | $61.68 | Down |
| OPEC basket 12/12/25 OPEC | USD/bbl | $61.34 | Up |
| At press time December 15, 2025 . |
Baker Hughes Rig Count: International +14 to 1,073, U.S. -1 to 548 Canada +1 to 192
U.S. Rig Count is down 1 from last week to 548 with oil rigs up 1 to 414, gas rigs down 2 to 127 and miscellaneous rigs unchanged at 7.
Canada Rig Count is up 1 from last week to 192, with oil rigs down 3 to 123, gas rigs up 4 to 69 and miscellaneous unchanged at 0.
International Rig Count is up 14 from last month to 1,073 with land rigs up 14 to 833, offshore unchanged at 226.
The Worldwide Rig Count for November was 1,812, up 12 from the 1,800 counted in October 2025, and down 95, from the 1,907 counted in November 2024.
| Region | Period | Rig Count | Change |
| U.S.A | December 12, 2025 | 548 | -1 |
| Canada | December 12, 2025 | 192 | +1 |
| International | November 2025 | 1073 | +14 |
Baker Hughes . Read More |
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Submit your Releases or contact us now!, victor@oilandgaspress.com
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