Petrol

Oil Price

UAE petrol and Diesel Prices to Fall in January

Motorists across the Emirates will pay less at the pumpsPetrol prices in the UAE for January have been announced. Pawan Singh / The NationalThe cost of petrol a…

LNG Carrier

Yinson’s FPSO Stays in Nigeria

Malaysian FPSO provider Yinson has secured another contract extension with Addax Petroleum for a floating, production, storage, and offloading (FPSO) vessel car…

Oil&Gas Drilling

Chinese Company Awarded Exploration Rights to Five Hydrocarbon Blocks in Mozambique

Sixth block awarded to Italy’s ENI; first period of exploration expected to allow investments of around US$370 million, and opening of four wells in deep …

Oil Refinery

Nigeria Will Auction 7 Hydrocarbon Blocks in Early 2023

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to hold the Mini Bid Round 2022, in which seven offshore blocks covering an ar…

Oil & Gas Trade

Ip Signs Deal to Buy Exxonmobil’s Fuel and Refining Assets in Italy

The Italian private petroleum company Italiana Petroli (IP) has signed an agreement to purchase fuel and refining assets owned in Italy by Esso Italiana, a subs…

Electric Car

Microlino Reboots Bubble Car With Electric Model To Put Switzerland Back On Carmaking Map

New version replaces old petrol engine with 12.5 kilowatt electric engine offering up to 230km and top speed of 90kphA prototype of an electric-powered Microlin…

Natural Gas

CRE Announced The Expiry Of Several LPG Licenses.

In accordance with Article 55, Part 1 (b) of the Hydrocarbon Act, the regulatory authority of the Energy Regulatory Commission (CRE) approved an agreement to in…

Climate Policy

Flanders Considers Banning Combustion Vehicles From 2035

From 2031, diesel cars will no longer be allowed to enter the environmental zones of the Flemish cities of Antwerp and Ghent, and from 2035 no petrol cars will …

Oil Price

Oil Prices sSteady Amid Rising Covid-19 Cases In Top Crude Importer China

The US said it would replenish its Strategic Petroleum Reserve, starting with a purchase of 3 million barrels of crude. ReutersOil prices were steady on Tuesday…

Natural Gas

Egypt Discovers Large Gas Field in Mediterranean, Minister says

Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla attends a session at the Egypt's 5th Petroleum Show "EGYPS 2022" at the capital city …

Oil & Gas Trade

Aramco, Sinopec and Sabic Plan Mega Projects In KSA, China

Mohammed Y Al QahtaniSaudi Aramco, China Petroleum and Chemical Corporation (Sinopec) and Sabic will explore setting up a petrochemical complex to be integrated…

Hydrogen Project

Highlighting Safety Standards For Hydrogen In Power Generation

Image credit: 123rf.comHydrogen has been handled and used in a safe manner for decades by industries for refining petroleum, treating metals, producing fertilis…

Oil Price

Oil Prices Slip On Surprise Build In U.S. Crude Stocks

Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB…

ADNOC, Petronas Sign Abu Dhabi Unconventional Oil Resources Deal

Abu Dhabi National Oil Company (ADNOC) and Malaysia's Petroliam Nasional Berhad (Petronas) on Monday signed a deal awarding the first concession in the Middle E…

Crude Oil

Nigeria to End Imports of Petroleum Products in 2023

Nigeria—a major petroleum products importer—expects to stop importing petroleum products starting in the third quarter of next year, Nigeria’s oil minister T…