Petrol

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…

Crude Oil

In Key Breakthrough, Nuprc Data Confirms Nigeria’s 1.5 Million Bpd OPEC Oil Output

Emmanuel Addeh in Abuja Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Nigeria’s crude oil production reached 1.5 million ba…

Biorefinery

JAPEX Announces Startup of 75 MW Biomass Power Plant

Japan Petroleum Exploration Co. Ltd. (JAPEX) on Jan. 6 announced the Chofu Biomass Power Plant commenced commercial operations on Dec. 30. The 74.95-megawatt (M…

Crude Oil

Dangote Refinery Builds Eight More Tanks for Imported Crude

The Dangote Petroleum Refinery is building eight more tanks in its bid to have enough storage for imported crude oil.A report by Africa Report has it that the r…

Crude Oil

OPEC Oil Production Falls as UAE Leads Supply Cuts

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) declined last month, as the United Arab Emirates (UAE) intensified supply…

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…

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 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 …

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…

Natural Gas

Subsea7 Expands Its Scope for Giant Black Sea Gas Project With IRM Services

Subsea7 has secured a contract with Turkish Petroleum Offshore Technology Center (TP-OTC) to provide inspection, repair and maintenance (IRM) services for T&uum…

Oil Field

Brava Energia Restarts Production at Papa-Terra Field

Brava Energia, formerly 3R Petroleum before the merger with Enauta, has restarted production at Pappa-Terra field assets in the Campos Basin, offshore Brazil.Du…

Oil and Gas Equipment

FPSO Atlanta to Start Production off Brazil in Coming Days

Brazilian oil and gas company Brava Energia has received the authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to start produc…

Oil Price

South Africa’s Petrol, Diesel Pump Prices to Rise in January

South Africa's government said that the petrol pump price would increase by up to 19 cents a litre and the diesel price would rise by up to 10.50 cents a li…