Petrol

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 …

Oil Refinery

New Refineries: NNPCL May Cut Crude Supply to Dangote Plant

The Federal Government may cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation of 300,000 barrels per day, excep…

Natural Gas

Subsea7 Expands Its Scope for Giant Black Sea Gas Project With IRM Services

Subsea7 has secured a contract with Turkish Petroleum Offshore Technology Center (TP-OTC) to provide inspection, repair and maintenance (IRM) services for T&uum…

Oil Field

Brava Energia Restarts Production at Papa-Terra Field

Brava Energia, formerly 3R Petroleum before the merger with Enauta, has restarted production at Pappa-Terra field assets in the Campos Basin, offshore Brazil.Du…

Oil and Gas Equipment

FPSO Atlanta to Start Production off Brazil in Coming Days

Brazilian oil and gas company Brava Energia has received the authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to start produc…

Oil Price

South Africa’s Petrol, Diesel Pump Prices to Rise in January

South Africa's government said that the petrol pump price would increase by up to 19 cents a litre and the diesel price would rise by up to 10.50 cents a li…

Oil Price

UAE Petrol, Diesel Prices Remain Unchanged for January 2025

This stability follows months of declining fuel prices in 2024, with Super 98 petrol dropping from a high of Dh3.34 in May to the current rate of Dh2.61Petrol a…

Crude Oil

Chinese Energy Giant Exceeds 20 Mln Tonnes of Oil, Gas Output in 2024

Shaanxi Yanchang Petroleum (Group) Co. (YCPC) in northwest China has achieved a major milestone in the country's energy sector, shattering its own productio…

Oil Exploration

Kharabsheh Follows up on Achievements of Petroleum Exploration Projects

The Minister of Energy and Mineral Resources, Saleh Kharabsheh, reviewed the progress of priority initiatives outlined in the Economic Modernization Vision (202…

Natural Gas

Subsea7 Expands Its Scope for Giant Black Sea Gas Project With IRM Services

Subsea7 has secured a contract with Turkish Petroleum Offshore Technology Center (TP-OTC) to provide inspection, repair and maintenance (IRM) services for T&uum…

India

Petroleum Import Declines, Worth Rs. 101BN Imported in Five Months of FY 2024/25

The import of petroleum products has decreased during the first five months of the current fiscal year 2024/25.According to latest trade statistics of the Depar…

Crude Oil

RON97 Petrol Price Up By 3 Sen; RON95 And Diesel Unchanged

The retail price of RON97 petrol will increase by 3 sen to RM3.25 per litre, effective Dec 26, 2024, to Jan 1, 2025, according to the government.Meanwhile, RON9…