Etroleum

Oil Refinery
Dangote Refinery to Expand Capacity to 1.4m Barrels Daily
The Dangote Petroleum Refinery, Africa’s largest refining facility, is set to undergo a major expansion that will increase its production capacity from 65…
Oil Refinery
BPCL Secures Land for $11 Billion Refinery Project in Southern India
India’s state-run Bharat Petroleum Corporation Limited (BPCL) will invest nearly $11 billion to construct a new refinery with a capacity of 180,000 to 240…
Oil Field
Nigeria Approves Shell, Agip Buyout of TotalEnergies’ Stake in Bonga Oilfield
Nigeria’s oil regulator has approved a $510 million agreement by TotalEnergies to sell its 12.5% interest in Oil Mining Lease (OML) 118, which contains the off…
LNG
Mercuria to Supply Botaş With US-Sourced LNG Until 2045
Global energy and commodity company Mercuria has signed a long-term liquefied natural gas (LNG) purchase and sale agreement with Türkiye’s state-owne…
Metal
Genesis Receives Approval for Tower Hill Stage One Project in Western Australia
Genesis has received Stage 1 Mining Proposal and Mine Closure Plan approval from the Department of Mines, Petroleum and Exploration for its Tower Hill project i…
Oil Field
New Zealand Prolongs Oil Production Lifespan of OMV’s 16-Year-Old Field to 2037
OMV New Zealand, a subsidiary of Austria’s OMV, has been granted a 10-year extension of its petroleum mining permit (PMP) 38160 for the Maari oil field, l…
Oil and Gas Equipment
PetroChina Proposes to Buy Gas Facilities From CNPC in $5.59 Billion Deal
On August 26, 2025, PetroChina (601857.SS) announced a plan to acquire three natural gas storage facilities from its majority shareholder, China National Petrol…
Oil Shale
China Marks Major Milestone in Exploration With Discovery of Deep Shale Gas Field
China has achieved a key milestone in shale gas exploration with the discovery of a large-scale deep shale gas field in its southwestern region, with proven res…
Solar Power Plant
Sinopec Launches First Floating Offshore Solar Plant in China’s Seawater Zone
China Petroleum & Chemical Corporation (Sinopec), in collaboration with Shandong Province and Qingdao Municipality, has begun operations at China’s first …
Oil & Gas Trade
US Winds Down Exports of LPG to Venezuela, Treasury Says
On July 7, 2025, the U.S. Treasury Department announced the termination of a license permitting shipments of liquefied petroleum gas (LPG) to Venezuela’s …
China
Marubeni and Sinopec to Explore Lower-Carbon Marine Fuels in Strengthened Collaboration
Marubeni Corporation, a Japanese conglomerate, has entered into a new strategic partnership with Sinopec Fuel Oil Sales, a subsidiary of China Petroleum & Chemi…
Oil Field
Iraq and China’s Geo-Jade Sign Deal for Tuba Oilfield Expansion
Iraq has entered into an agreement with a consortium led by China-based Geo-Jade Petroleum Corp and Basra Crescent to advance an integrated energy project at th…
Nigeria
Nigeria’s Dangote Refinery Agrees to Export Polypropylene With Vinmar
Dangote Petroleum Refinery and Petrochemicals has entered a partnership with Vinmar Group, an international petrochemicals distribution company, to distribute D…
Crude Oil
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve
A U.S. House committee unveiled a budget proposal on Sunday, allocating over $1.5 billion to restore and maintain the Strategic Petroleum Reserve (SPR), the wor…
Natural Gas
Occidental Reports Quarterly Profit Beat on Strong Output, Natural Gas Prices
Occidental Petroleum announced on Wednesday that its first-quarter profit for 2025 exceeded Wall Street expectations, driven by robust production and favorable …

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Etroleum

Dangote Refinery to Expand Capacity to 1.4m Barrels Daily

BPCL Secures Land for $11 Billion Refinery Project in Southern India

Nigeria Approves Shell, Agip Buyout of TotalEnergies’ Stake in Bonga Oilfield

Mercuria to Supply Botaş With US-Sourced LNG Until 2045

Genesis Receives Approval for Tower Hill Stage One Project in Western Australia

New Zealand Prolongs Oil Production Lifespan of OMV’s 16-Year-Old Field to 2037

PetroChina Proposes to Buy Gas Facilities From CNPC in $5.59 Billion Deal

China Marks Major Milestone in Exploration With Discovery of Deep Shale Gas Field

Sinopec Launches First Floating Offshore Solar Plant in China’s Seawater Zone

US Winds Down Exports of LPG to Venezuela, Treasury Says

Marubeni and Sinopec to Explore Lower-Carbon Marine Fuels in Strengthened Collaboration

Iraq and China’s Geo-Jade Sign Deal for Tuba Oilfield Expansion

Nigeria’s Dangote Refinery Agrees to Export Polypropylene With Vinmar

US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve

Occidental Reports Quarterly Profit Beat on Strong Output, Natural Gas Prices