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News Ticker
  • [ June 22, 2025 ] SBM to become first FPSO operator in Suriname with TotalEnergies’ contract win News
  • [ June 22, 2025 ] NNPCL, UTM FLNG seek speedy FID on 1.8m tonnes project News
  • [ June 22, 2025 ] Namibia considers incentives to expedite TotalEnergies’ offshore development News
  • [ June 21, 2025 ] Russian energy, transport, finance companies among privatisation candidates, says finance ministry News
  • [ June 21, 2025 ] Middle East oil flows continue through Strait of Hormuz despite conflict News
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PetroChina reports record interim net profit on refining surge

*PetroChina’s Jinzhou refinery Beijing — State-owned energy giant PetroChina (601857.SS), reported a record-high net profit for the first half of the year, driven by increased oil and gas output and resurgent refined fuel sales. Net […]

News

Reveal those behind oil theft, Niger Delta group urges Ribadu

…Says those against Tomplolo’s pipeline contact are oil thieves Mkpoikana Udoma  Port Harcourt — The Niger Delta Indigenous Movement For Radical Change has charged the National Security Adviser, Mr Nuhu Ribadu, to reveal the names of […]

News

NCDMB, BoI sign amendment of MoU on $50m NOGaPS manufacturing fund

  – Angola, Namibia to replicate funding model Lagos — The Nigerian Content Development and Monitoring Board, NCDMB, and the Bank of Industry ,BoI, have signed an amendment to the  Memorandum of Understanding ,MoU, on […]

News

China’s Sinopec plans steady refinery output on fuel recovery

*The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Acquire Licensing Rights. – Interim earnings […]

News

Navy destroys 350,000litres capacity vessel with illegally refined AGO 

*MV Cecelia Imo Mkpoikana Udoma Port Harcourt — The Nigerian Navy has set ablaze a vessel, MV Cecilia Imo, caught with suspected illegally refined Automotive Gasoline Oil, AGO, commonly known as diesel in Gbalajam, Woji area […]

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Nigeria seeks to restart four state oil refineries by end 2024

*Heineken Lokpobiri speaking with journalists at the Port Harcourt Refinery Abuja — Nigeria expects its four oil refineries to be operational by the end of next year, its new oil minister said on Friday, with […]

News

Energy trader Gunvor more than doubles provision for US fine

Brussel — Global energy trader Gunvor’s first-half net profit slipped to $803 million from $841 million a year earlier, it said on Friday, citing lower price volatility in gas and oil markets, while it more […]

News

Oil gains 1% as investors await Fed’s Powell speech

Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, U.S., December 11, 2019. REUTERS/Joshua Roberts London — Oil prices jumped more than 1% on Friday as […]

News

Brent prices to be well supported near $80/bbl, says Morgan Stanley

*North Sea Brent crude oil. News wire — Morgan Stanley expects Brent crude prices to be well supported around $80 per barrel as the oil market is likely to remain in a deficit in the […]

News

Navy destroys 350,000 litres capacity vessel with illegally refined AGO

*The vessel, MV Cecelia Imo Mkpoikana Udoma Port Harcourt — The Nigerian Navy has set ablaze a vessel, MV Cecilia Imo, caught with suspected illegally refined Automotive Gasoline Oil, commonly known as diesel in Gbalajam, […]

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    Middle East oil flows continue through Strait of Hormuz despite conflict

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