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News Ticker
  • [ January 28, 2023 ] Chevron annual profit hits record but Q4 miss hits shares News
  • [ January 28, 2023 ] Russia increases diesel supplies to Turkey, Africa News
  • [ January 28, 2023 ] Russia’s idle primary oil refining capacity could rise 29% in 2023 News
  • [ January 27, 2023 ] Oil prices firm on upbeat U.S. economic data News
  • [ January 27, 2023 ] TotalEnergies EP Canada acquires more interest in Fort Hills News

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News

Chevron annual profit hits record but Q4 miss hits shares

January 28, 2023

– CFO says share buybacks rate unchanged in up to $15 bln a year– Shares fall on Q4 profit miss on higher expenses, weaker margins– Company sees upside profit potential with output flat to up […]

News

Russia increases diesel supplies to Turkey, Africa

January 28, 2023

*Russian oil tanker Moscow — Russia has ramped up diesel supplies to African and Mediterranean ports in January as an EU embargo approaches, with traders short of time to find new selling outlets, data from […]

News

Russia’s idle primary oil refining capacity could rise 29% in 2023

January 28, 2023

*Lukoil refinery Moscow — Russia’s offline primary oil refining capacity for 2023 is set to increase by 29%, or 5.976 million tonnes, from the previous year to 26.55 million tonnes, according to data from industry […]

News

Oil prices firm on upbeat U.S. economic data

January 27, 2023

*Oil prices London — Oil prices rose for a second session on Friday, buoyed by better than expected U.S. economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand. […]

News

TotalEnergies EP Canada acquires more interest in Fort Hills

January 27, 2023

  Paris – In the context of its future spin-off, TotalEnergies EP Canada Ltd announces that it has exercised its preemption right to acquire an additional 6.65% interest in the Fort Hills Energy Limited Partnership […]

News

NARTO warns members against fuel diversion

January 26, 2023

*Vehicular queues at a Port Harcourt fuel station Abuja — The National Association of Road Transport Owners, NARTO, has warned its members against involvement in diversion of petroleum products. NARTO President, Yusuf Othman, gave the […]

News

Eroton reports fire at OML 18 wellhead, blames incident on vandalism

January 25, 2023

*Eroton wellhead fire Lagos — Eroton Exploration & Production Company has reported fire at a wellhead at the Akaso field in its Oil Mining Lease, OML, 18 asset. The company said the incident, at the […]

News

U.S. oil refining margins hit 3-month high as plant outages rise

January 25, 2023

*A general view of a new crude distillation unit under construction at Exxon Mobil’s refinery in Beaumont, Texas, U.S., November 23, 2022. REUTERS/Erwin Seba Houston — U.S. oil refining margins on Tuesday hit a three-month […]

News

Stakeholder flays NNPCL over N1.9trn road construction project

January 24, 2023

Mkpoikana Udoma Port Harcourt — A stakeholder and former Chairman of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Mr. Azubuike Azubuike, has described as policy somersault, the approval of the sum […]

News

U.S. oil & gas M&A hit 17-year low; big firms dominate deals-report

January 24, 2023

*Oil drilling rig News wire — U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its […]

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Recent News

  • Russia increases diesel supplies to Turkey, Africa

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    January 28, 2023
  • Russia’s idle primary oil refining capacity could rise 29% in 2023

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    January 28, 2023
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    January 27, 2023
  • NARTO warns members against fuel diversion

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