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Tanzania hopes to conclude talks for LNG project by June

*Tanzania Energy Minister Doto Biteko. New Delhi — Tanzania is discussing tax incentives with investors in a stalled project to construct a $42 billion liquefied natural gas plant in the country, Energy Minister Doto Biteko […]

Svanehøj to supply CO2 pumps for INEOS’ Project Greensand in the North Sea

INEOS has selected ITT’s Svanehøj to supply CO₂ pumps for the onshore facility and the first LCO₂ carrier for Project Greensand in the Danish North Sea. This strategically significant order further strengthens Svanehøj’s position in […]

Army arrests 29 suspected oil thieves in one week

*Suspected illegally refined AGO concealed in sack bags, impounded by operatives of the Nigerian Army along Orashi River. Mkpoikana Udoma Port Harcourt — In a major crackdown on illegal oil bunkering in the Niger Delta, […]

Oil prices advance despite concern over more US tariffs

Brent crude futures were up 87 cents, or 1.2%, at $75.53 a barrel by 1413 GMT. U.S. West Texas Intermediate crude added 1.3%, rising 90 cents to $71.90. Monday’s gains could be down to bargain […]

Shell, Equinor North Sea project’s fate to be decided by UK Energy Secretary

(Bloomberg) – UK Energy Secretary Ed Miliband will soon be asked by oil companies to approve a new field that he’s previously criticized for being “climate vandalism.” His pending decision on the Rosebank site developed […]

Chevron acquires 80% interest in exploration block, offshore Namibia

Custos Energy announced completion of the previously announced farm-in by Chevron Namibia Exploration II Limited, a subsidiary of Chevron Corporation, into Petroleum Exploration License 82 (PEL 82). The transaction provides for an 80% […]

‘Russia may ban gasoline exports for a month to stabilise prices’

*Russia may ban gasoline exports. Moscow — Russia’s Federal Anti-Monopoly Service may initiate a one-month ban on gasoline exports by large producers in order to stabilise wholesale prices ahead of the crop-sowing season, state news […]

Lokpobiri vows to review, complete abandoned Atlantic Refinery Project

*Minister of State for Petroleum Resources (Oil) Sen. Heineken Lokpobiri with the Chief Executive Officer of NMDPRA, Engr. Farouk Ahmed, during an inspection visit to the Brass Petroleum Products Terminal in Bayelsa State. Mkpoikana Udoma […]

Ecopetrol pressured to sell U.S. shale venture by Colombia’s leader

(Bloomberg) – Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the U.S., citing his government’s position against fracing, which he says is destructive to […]

Repsol to deploy gen AI across operations in collaboration with Accenture

Repsol will extend its co-innovation collaboration with Accenture to continue advancing the goals of its Digital Program and accelerate the use of generative AI (gen AI) across the company, through the introduction and deployment of […]