*New build and expansion refinery coking capacity additions 2023-2027 Lagos — Asia is set to witness the highest refinery coking capacity additions among all regions during 2023 and 2027, contributing about 50% of the total […]
Moscow — Russian oil major Lukoil is asking Russian authorities for permission to buy back up to 25% of its shares from foreign investors at a discount of at least 50%, the Interfax news agency […]
*Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford Houston — Top U.S. energy companies last year paid out more of their […]
…NNPC’s $3bn loan to improve FX liquidity Sam Ikeotuonye Lagos — Nigeria could make as much as $17 billion from the sale of its oil and gas assets, leading global financial services firm, JP […]
*Crude oil barrels Houston — Crude oil futures stabilized on Monday after briefly turning negative following gains of more than $1 earlier in the session, as markets weighed supply tightness against expectations of slow demand […]
Port Harcourt — The Petroleum Products Retail Outlets Owners Association of Nigerian, PETROAN, has called on the Federal Government to declare a state of emergency on the nation’s four state-owned refineries, saying the refineries must […]
*Artisanal petroleum refining activity. Mkpoikana Udoma Port Harcourt — The Youths and Environmental Advocacy Centre, YEAC-Nigeria, has lauded the Federal Government over the planned implementation of its initiative, the Presidential Artisanal Crude Oil Refining Development […]
*US oil drilling site News wire –– U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row, energy services firm Baker Hughes said […]
*Iranian crude oil production. Singapore — Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $3.45 a barrel above the Oman/Dubai average for September, an […]
*Crude oil barrels Singapore — Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its huge new refinery, which […]
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