Petrol

Crude Oil

Fuel Tanker Truck Blast Kills at Least 70 in Nigeria

At least 70 people were killed and more injured in northern Nigeria on Saturday when a petrol tanker truck overturned, spilling fuel that exploded, the country&…

Oil Refinery

China’s Vast Refining Sector Faces Shakeout as Fuel Demand Peaks

China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 20…

Oil Refinery

Dangote Refinery Projects 650,000BPD June, Plans Crude Import

The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel…

Crude Oil

US Crude Oil Stocks Excluding SPR Fall to 2-Year Low, EIA Says

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019.U.S. crude oil stocks excluding th…

Oil&Gas Drilling

Amid Improved Output, NUPRC Targets 2.1m Bpd Oil Production in 2025

Emmanuel Addeh in Abuja the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the agency has set a minimum production target of 2.1 m…

Oil & Gas Trade

Shell Pakistan Rebrands as Wafi Energy Pakistan Following Acquisition

A view of a Shell petrol pump.Shell Pakistan Limited has officially changed its name to Wafi Energy Pakistan Limited, effective January 13, 2025.The Securities …

Oil Refinery

Top Five Reasons Refineries Worldwide Are Embracing Blending of Petroleum Products

One expression frequently used since the Nigerian National Petroleum Company Limited recommenced operations at the rejuvenated Port Harcourt Refinery last Novem…

Oil Price

Price May Rise as Crude Hits $81 per Barrel

The prices of premium motor spirit and other petroleum refined products may rise in the coming days following the increase in the cost of crude oil prices, such…

Crude Oil

In Key Breakthrough, Nuprc Data Confirms Nigeria’s 1.5 Million Bpd OPEC Oil Output

Emmanuel Addeh in Abuja Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Nigeria’s crude oil production reached 1.5 million ba…

Biorefinery

JAPEX Announces Startup of 75 MW Biomass Power Plant

Japan Petroleum Exploration Co. Ltd. (JAPEX) on Jan. 6 announced the Chofu Biomass Power Plant commenced commercial operations on Dec. 30. The 74.95-megawatt (M…

Crude Oil

Dangote Refinery Builds Eight More Tanks for Imported Crude

The Dangote Petroleum Refinery is building eight more tanks in its bid to have enough storage for imported crude oil.A report by Africa Report has it that the r…

Crude Oil

OPEC Oil Production Falls as UAE Leads Supply Cuts

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) declined last month, as the United Arab Emirates (UAE) intensified supply…

Oil & Gas Trade

Nigeria Imports 31.8m Litres of Petrol Daily to Bridge Local Refining Shortfall

Nigeria is currently importing about 79.5 per cent or 31.8 million litres of Premium Motor Spirit (PMS), popularly called petrol to bridge local refining shortf…

Natural Gas

KUFPEC Deal to Ensure Energy Security

Petroleum Exploration (Pvt) Limited (PEL) has acquired key energy assets from Kuwait Foreign Petroleum Exploration Company (Kufpec).This strategic move not only…

Oil Refinery

Oil Marketers Want FG to Privatise Kaduna, Warri Refineries

Oil marketers, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have called on the Federal Government to privatise …