Petrol

OPEC

Again, Oil Production Falls Short of OPEC Quota by 0.57MBPD

Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly shor…

LNG

LP Gas Price Increases for the First Time in 2023

The federal government published the maximum prices for LP gas for the second week of 2023.The Energy Regulatory Commission (CRE) announced the prices applicabl…

Oil&Gas Drilling

China Signs 25-Year Contract With Taliban to Produce Oil in Afghanistan

(Bloomberg) --The Taliban-led administration in Afghanistan signed its first international contract on Jan. 5 to extract oil from the northern Amu Darya basin a…

Natural Gas

U.S. Oil & Gas President Says Group Production Boost Will Keep Gas Prices Steady, Defying Biden

Rather than work to boost domestic production, President Joe Biden opted to repeatedly release millions of barrels of oil from the Strategic Petroleum Reserve t…

Coal Trade

CHINA’S COAL CONSUMPTION TO PEAK BY 2035

China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant China Petroleum …

Oil & Gas Supply

Fuel Station Demolished, Barge Set Ablaze Over Link With Oil Theft

A petrol Filling station in Opete, Udu local government area, Delta state and a barge has been destroyed over their alleged link with illegal bunkering activiti…

Oil Price

UAE petrol and Diesel Prices to Fall in January

Motorists across the Emirates will pay less at the pumpsPetrol prices in the UAE for January have been announced. Pawan Singh / The NationalThe cost of petrol a…

LNG Carrier

Yinson’s FPSO Stays in Nigeria

Malaysian FPSO provider Yinson has secured another contract extension with Addax Petroleum for a floating, production, storage, and offloading (FPSO) vessel car…

Oil&Gas Drilling

Chinese Company Awarded Exploration Rights to Five Hydrocarbon Blocks in Mozambique

Sixth block awarded to Italy’s ENI; first period of exploration expected to allow investments of around US$370 million, and opening of four wells in deep …

Oil Refinery

Nigeria Will Auction 7 Hydrocarbon Blocks in Early 2023

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to hold the Mini Bid Round 2022, in which seven offshore blocks covering an ar…

Oil & Gas Trade

Ip Signs Deal to Buy Exxonmobil’s Fuel and Refining Assets in Italy

The Italian private petroleum company Italiana Petroli (IP) has signed an agreement to purchase fuel and refining assets owned in Italy by Esso Italiana, a subs…

Electric Car

Microlino Reboots Bubble Car With Electric Model To Put Switzerland Back On Carmaking Map

New version replaces old petrol engine with 12.5 kilowatt electric engine offering up to 230km and top speed of 90kphA prototype of an electric-powered Microlin…

Natural Gas

CRE Announced The Expiry Of Several LPG Licenses.

In accordance with Article 55, Part 1 (b) of the Hydrocarbon Act, the regulatory authority of the Energy Regulatory Commission (CRE) approved an agreement to in…

Climate Policy

Flanders Considers Banning Combustion Vehicles From 2035

From 2031, diesel cars will no longer be allowed to enter the environmental zones of the Flemish cities of Antwerp and Ghent, and from 2035 no petrol cars will …

Oil Price

Oil Prices sSteady Amid Rising Covid-19 Cases In Top Crude Importer China

The US said it would replenish its Strategic Petroleum Reserve, starting with a purchase of 3 million barrels of crude. ReutersOil prices were steady on Tuesday…