– 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 […]
*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 […]
*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 […]
*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. […]
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 […]
*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 […]
*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 […]
*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 […]
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 […]
*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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