Downstream Oil & Gas

Shell Announces Executive Committee Changes

Shell announced changes to its executive committee in a statement posted on its website this week.“We have made significant progress against our previously announced...

Petrol war: Importers outpace domestic refineries with 62% supply in 2025

Petrol importation remained the dominant source of fuel consumed in Nigeria in 2025, accounting for 62.47 per cent of the country’s total Premium Motor...

Dangote refinery, marketers fuel deal crashes as imports surge

The fuel supply arrangement between the Dangote Petroleum Refinery and 20 major petroleum marketers, under which the parties agreed to offtake 600 million litres...

Angola Reaffirms Lobito Refinery as Strategic Priority

Angola’s Minister of Mineral Resources, Petroleum and Gas of Angola Diamantino Azevedo reaffirmed the importance of the Lobito Refinery during a visit to the...

Cairn Oil & Gas secures conditional NOC to drill 20 wells

  The clearance has been granted under the Discovered Small Field Policy, 2018 Cairn Oil & Gas Division, a privately owned Indian oil and gas company...

Another multi-year LNG offtake deal in JERA’s hands

Japan’s power generation major JERA has won a long-term liquefied natural gas (LNG) supply agreement with Hokkaido Gas, said to be a key regional...

US LNG import terminal’s transformation into large export facilities put on ice

  Energy Transfer LNG Export, a subsidiary of U.S.-based Energy Transfer, has shelved the development of a liquefied natural gas (LNG) export project on Louisiana’s Gulf Coast. Energy Transfer...

Port Harcourt refinery supplies diesel while shut – NMDPRA

The Port Harcourt Refining Company, which is currently shut down, is still supplying 349,000 litres of automotive gas oil, otherwise known as diesel, daily,...

India’s Reliance gets one-month US concession to buy Rosneft oil

India's Reliance Industries Ltd continues to receive oil cargoes supplied by Rosneft after obtaining a one-month concession from Washington, which had imposed sanctions on...

Qanot Sharq becomes first Airbus A321XLR operator in Central Asia

Qanot Sharq has become the first Airbus A321XLR operator in Central Asia and the Commonwealth of Independent States (CIS), after taking delivery of its...

Dangote launches N739/litre petrol at MRS stations nationwide

Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (petrol) at a pump price of N739 per litre across all MRS Oil...

Price war deepens as marketers slash petrol by N100

As more MRS filling stations in Lagos and Ogun states join in dispensing the Premium Motor Spirit (petrol) produced by the Dangote Petroleum Refinery...

EIA: U.S. crude stocks fall, fuel inventories rise on robust refining

U.S. crude inventories fell, while gasoline and distillates stockpiles rose last week amid strong refining activity, the Energy Information Administration said on Wednesday. Crude inventories...

USA Crude Oil Stocks Drop Nearly 2MM Barrels WoW

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 1.8 million barrels from the week ending November 28...

Explosion hits critical Nigeria gas pipeline

NNPC says Escravos-Lagos line suffered “loss of containment” on Thursday evening An explosion has occurred on a critical gas pipeline linking Escravos and Lagos in...

Refiners push for crude as Dangote slashes petrol price by N129

As the Dangote Petroleum Refinery dropped its petrol gantry price on Friday, the Crude Oil Refineries Association of Nigeria has appealed to President Bola...

Brazil Oil Output Rebounding from Outages

Brazilian oil output is rebounding from outages that removed more than 300,000 barrels a day last month, highlighting how Latin America's largest crude producer...

SK Energy secures in-house access to feedstock to create Korea’s first vertical integration for waste plastics recycling

SK Chemicals will achieve Korea's first vertical integration of recycling by securing in-house access to the feedstock required for recycling. SK Chemicals announced that it...

Cuba on edge as U.S. seizure of oil tanker puts supply at risk

A U.S. move this week to seize an oil tanker out of Venezuela is poised to make a bad situation worse for a crisis-stricken...

Marketers blame idle refineries for massive petrol imports

Nigeria has continued to depend on imported Premium Motor Spirit (petrol), as the three Federal Government-owned refineries being managed by the Nigerian National Petroleum...

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