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Etroleum
Venezuela Officially Launches Liquefied Petroleum Gas Exports
On January 16, Venezuelan Acting President Delcy Rodríguez announced at the National Productive Economy Council meeting that Venezuela has signed contrac…
Contract Signed for New Subsea Pipeline Construction at Turkey's Sakarya Gas Field
Italian energy engineering company Saipem has recently signed a new contract worth approximately $425 million with the Turkish Petroleum Offshore Technology Cen…
Crude Oil
Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, recently visited the Gulf of Suez region to inspect the drilling progress of Well No. 133…
LNG
Australia’s Woodside Signs Binding LNG Supply Deal With Turkey’s Botas
Australia's Woodside Energy announced on Monday that it has entered into a binding supply agreement with Turkey's state-owned petroleum company BOTAS. T…
Oil Shale
Japanese Company Buys U.S. Shale Assets for $1.3 Billion
Japan Petroleum Exploration Co. (JAPEX) has agreed to acquire U.S. shale oil and gas producer Verdad Resources Intermediate Holdings for $1.3 billion. The trans…
China
Air Liquide Announces €25-Million Investment to Expand ASU in Yulin, China
Air Liquide has signed a long-term contract extension with a subsidiary of Shaanxi Yanchang Petroleum Group and will invest around €25 million to modernise…
Geothermal Power Project
International Geothermal Standards Committee Launched
The International Geothermal Standard Committee (IGSC) was officially launched on 26 November in Beijing, China, with its permanent Secretariat hosted by China …
Oil Refinery
Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December
Dangote Refinery announced on Monday that it has the capacity to supply 1.5 billion litres of petrol per month. The company invited the Nigerian Midstream and D…
Egypt
Egypt’s Petroleum Min. Witnesses Soda Ash Project Kick-off
On Saturday, Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, attended the official launch of the new soda ash and derivatives production …
Nigeria
Dangote Selects Honeywell Technologies for Upgrade Project at Africa’s Largest Petroleum Refinery
Dangote Petroleum Refinery and Petrochemicals FZE has selected Honeywell International Inc. to provide advanced process technology, proprietary catalysts, equip…
Crude Oil
Chevron, Phillips 66, Total Win India’s First Tender to Buy US LPG
Indian state refiners have jointly awarded their first long-term tenders to Chevron, Phillips 66, and TotalEnergies Trading SA to import U.S. liquefied petroleu…
Battery
Sinopec and LG Chem Sign Agreement to Jointly Develop Sodium-Ion Battery Materials
China Petroleum & Chemical Corporation (Sinopec) and LG Chem announced a joint development agreement on key materials for sodium-ion batteries, aiming to advanc…
Oil Refinery
Nigeria’s Dangote Refinery Ramps up Output on Back of New Fuel Import Duty
Nigeria’s Dangote Petroleum Refinery, Africa’s largest oil refinery, announced on Saturday that it is increasing production to meet national petrol …
Oil & Gas Trade
Saudi Aramco and Sonatrach Cut LPG Osps for Nov by 3-4%
Saudi Arabia’s state oil company Aramco and Algeria’s national energy firm Sonatrach have reduced their official selling prices (OSPs) for liquefied…
India
IPhone Boom Powers India’s Electronics Exports to Record Highs, Set to Overtake Petroleum
India’s electronics exports are rapidly increasing and could soon replace petroleum products as the country’s second-largest export category, following engine…
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