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Oil
Biofuel
Indonesian Palm Oil Makers Await Technical Details for Latest Biodiesel Mandate
Indonesia’s implementation of its planned B40 biodiesel mandate, which would increase the palm oil-based blend in biodiesel from 35% to 40%, has yet to ta…
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…
Oil Refinery
BUA’s 200,000bpd Oil Refinery Progressing, Not 90% Completed Yet
Emmanuel Addeh in Abuja BUA group yesterday clarified that although its 200,000 barrels per day crude oil refinery located in Akwa Ibom, South-south Nigeria, wa…
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 & Gas Trade
Iraq Surpasses Saudi Arabia in Weekly Oil Exports to US
Oil tankers dock at a floating platform, offshore from the southern Iraqi port cityThe US Energy Information Administration (EIA) announced on Saturday that Ira…
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 …
Biofuel
Indonesian Firms Get 1-1/2 Months to Implement New B40 Biodiesel Mix
Indonesian companies will get a 1-1/2 month transition period to meet the new B40 biodiesel requirement, Deputy Energy and Mineral Resources Minister Yuliot Tan…
Natural Gas
Fixing Iran’s Gas Shortages Needs $45 Billion, Says Oil Minister
Iran needs $45 billion in investment to resolve its chronic winter energy deficit and worsening air pollution, the country's Oil Minister Mohsen Paknejad sa…
Oil&Gas Drilling
Noble Rig Lines up New Drilling Gig Offshore Australia
U.S. offshore drilling contractor Noble Corporation has landed a new assignment for one of its semi-submersible rigs with an undisclosed firm off the coast of A…
Oil Price
Oil Prices Post 3% Annual Decline
Oil prices fell around 3 percent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China's economy struggled, and …
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…
Crude Oil
Nigerian Govt Targets 3M Bpd Oil Production by 2025 – Lokpobiri
The Federal Government has announced plans to collaborate with the Nigerian Navy to achieve its target of 3 million barrels per day, bpd, in crude oil productio…
Natural Gas
Senegal, Mauritania Take Step Towards Shared Gas Production
Senegal and Mauritania said Wednesday they had moved a step closer towards producing gas after opening the first well at a field off their maritime border.The t…
Natural Gas
Prioritising Imported RLNG to Domestic Gas Harms Energy Sector
Pakistan’s energy sector is grappling with escalating financial issues, primarily driven by the forced suspension of domestic natural gas production. Curr…
Oil&Gas Drilling
Greening Offshore Drilling: Rigs Powered by Alternative Fuels in Pursuit of Low-Emission Era
As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts…
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