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Petroleum
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…
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…
Crude Oil
Chinese Energy Giant Exceeds 20 Mln Tonnes of Oil, Gas Output in 2024
Shaanxi Yanchang Petroleum (Group) Co. (YCPC) in northwest China has achieved a major milestone in the country's energy sector, shattering its own productio…
Oil Exploration
Kharabsheh Follows up on Achievements of Petroleum Exploration Projects
The Minister of Energy and Mineral Resources, Saleh Kharabsheh, reviewed the progress of priority initiatives outlined in the Economic Modernization Vision (202…
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…
India
Petroleum Import Declines, Worth Rs. 101BN Imported in Five Months of FY 2024/25
The import of petroleum products has decreased during the first five months of the current fiscal year 2024/25.According to latest trade statistics of the Depar…
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