The Dangote Refinery: A New Era for Nigeria’s Oil and Fuel Industry
Africa’s largest refinery, the Dangote Refinery in Nigeria, is making headlines as major global oil traders, including Vitol, Trafigura, and ...
Angola LNG Project Eyes Expansion Amid Rising Natural Gas Demand
Angola’s LNG project is gearing up for a major expansion, with new supplies of natural gas expected in the coming ...
China’s Crude Oil Imports Continue to Slump
October marks the sixth consecutive month of lower imports compared to 2023. China’s crude oil imports continued to decline in ...
Apache to End North Sea Oil Production by 2030 Amid Increased UK Windfall Tax
APA Corporation cites higher tax burdens and regulatory uncertainties as primary reasons for the decision. In a significant development for ...
Crude oil prices edge higher after four-day losing streak
Oil prices have pulled back from their highs on geopolitical tensions, but there is still a risk of supply disruption ...
Saudi Arabia’s decision to reduce crude production to help OPEC manage inventory
Saudi Arabia’s decision to reduce crude production will help OPEC+ (includes OPEC members along with Russia) to manage the inventory ...
India’s Imports of Russian Crude Oil Continue to Climb
India continues to boost imports of Russian crude oil as Russia continues to be the single largest crude supplier to ...
Petroperu still operating without a board after last month’s mass resignation
(WO) – Peru’s government can’t find board members to lead its struggling state-owned oil company more than five weeks after ...
Petrobras E&P strategy aims to get max oil output from current fields
(WO) – Petrobras is pushing to extract as much oil as possible from its existing fields in Brazil while simultaneously ...
Geopolitical risk premium in oil market slips slightly, Goldman Sachs says
Oct 9 (Reuters) - Geopolitical risk premium gauges in the oil market have decreased slightly this week, following sharp increases ...
Iran suffers oil leak near top export terminal in Persian Gulf
(WO) – Iran suffered an oil leak just a few miles from Kharg Island, its top export terminal in the ...
South Africa poised for LPG gas boom amid electricity price hikes
CAPE TOWN, Oct 9 (Reuters) - South Africa's liquefied petroleum gas (LPG) business is poised for a boom, industry executives ...
CNOOC begins oil production offshore China utilizing new deepwater facility models
(WO) – CNOOC Limited announced that the Liuhua 11-1/4-1 oil development offshore China has commenced production. The project is located ...
TotalEnergies’ $9 billion investment offshore Suriname expands Atlantic oil and gas boom
(Bloomberg) – Total Energies SE is assembling a fleet of Deepwater rigs, support vessels and drilling crews offshore Suriname in ...
Wildcat exploration wells unearth oil and gas in Equinor’s latest North Sea discovery
(WO) – According to the Norwegian Offshore Directorate, Equinor and its partners have made an offshore oil and gas discovery ...
OPEC again lowers 2024, 2025 global oil demand growth view
LONDON - OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far ...
