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Petrol
LNG
Watch: Nigeria’s Gas ‘Revolution’ Pressing Forward With Inauguration of 5 Mini LNG Plants
Groundbreaking ceremonyThe Nigerian National Petroleum Corporation (NNPC) and its partners have held a groundbreaking ceremony for five mini-liquefied natural g…
Crude Oil
Ecopetrol, OXY to Drill 34 Wells in Permian Under Development Plan Extension
Ecopetrol S.A. announced that its U.S. subsidiary, Ecopetrol Permian, has reached an agreement with Occidental Petroleum (OXY) to extend its development plan of…
OPEC
OPEC+ Sticks to Oil Output Plan After Trump’s Price Demand
An OPEC+ panel on Monday reaffirmed the oil cartel’s plan to gradually hike output starting from April, after US President Donald Trump called for lower p…
Floating Solar
Floating Solar Could Reach Lcoe of $0.053/Kwh in Saudi Arabia
The King Fahad Dam is a gravity dam in southwestern Saudi Arabia.Scientists from King Fahd University of Petroleum and Minerals (KFUPM) in Saudi Arabia have con…
Crude Oil
Another Oil & Gas Discovery of ‘Great Importance’ Springs up Offshore Kuwait
Kuwait Petroleum CompanyKuwait’s state-owned E&P company Kuwait Petroleum Corporation (KPC) has confirmed a large hydrocarbon discovery at an offshore fie…
Crude Oil
China’s Crude Oil Imports May Grow 1% in 2025, CNPC Says
A 3D printed natural gas pipeline is placed in front of displayed CNPC (China National Petroleum Corporation) logo in this illustration taken February 8, 2022.C…
Oil Price
Petrol Ex-depot Price Hike: Dangote Refinery Absorbs Logistics Costs for Nationwide Uniform Pricing
Dangote Refinery has announced a five per cent increase in the ex-depot price of petrol from N899.50 to N950 per litre due to a significant rise in global crude…
Crude Oil
Fuel Tanker Truck Blast Kills at Least 70 in Nigeria
At least 70 people were killed and more injured in northern Nigeria on Saturday when a petrol tanker truck overturned, spilling fuel that exploded, the country&…
Oil Refinery
China’s Vast Refining Sector Faces Shakeout as Fuel Demand Peaks
China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 20…
Oil Refinery
Dangote Refinery Projects 650,000BPD June, Plans Crude Import
The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel…
Crude Oil
US Crude Oil Stocks Excluding SPR Fall to 2-Year Low, EIA Says
The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019.U.S. crude oil stocks excluding th…
Oil&Gas Drilling
Amid Improved Output, NUPRC Targets 2.1m Bpd Oil Production in 2025
Emmanuel Addeh in Abuja the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the agency has set a minimum production target of 2.1 m…
Oil & Gas Trade
Shell Pakistan Rebrands as Wafi Energy Pakistan Following Acquisition
A view of a Shell petrol pump.Shell Pakistan Limited has officially changed its name to Wafi Energy Pakistan Limited, effective January 13, 2025.The Securities …
Oil Refinery
Top Five Reasons Refineries Worldwide Are Embracing Blending of Petroleum Products
One expression frequently used since the Nigerian National Petroleum Company Limited recommenced operations at the rejuvenated Port Harcourt Refinery last Novem…
Oil Price
Price May Rise as Crude Hits $81 per Barrel
The prices of premium motor spirit and other petroleum refined products may rise in the coming days following the increase in the cost of crude oil prices, such…
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