Nigeria imports over 50% of its daily 50 million liters petrol consumption.
Nigeria relies on petrol imports due to insufficient refining capacity, with local refineries supplying less…
SBM announces Brazil’s largest FPSO is now operational and on hire.
FPSO Almirante Tamandaré, Brazil’s largest oil-producing unit, is now operational with a processing capacity of…
Iran-China Oil Flows Rise as Traders Bypass US Restrictions
Iran-China oil flows surged as traders bypassed U.S. curbs, clearing cargo backlogs.More ship-to-ship transfers and…
BP to Support India’s Largest Offshore Field
BP has signed a contract to provide technical services for India’s Mumbai High field, aiming…
US Seeks to Reduce Iranian Oil Exports by More Than 90%
Treasury Secretary Scott Bessent said the US aims to cut Iran’s oil exports to 100,000…
Global LNG Imports Reach 12-Month High in January Amid Europe’s Cold Spell
Cold weather in Europe is driving LNG demand, with the region leading global trade since…
North America’s Rig Growth Streak Ends
North America’s rig count fell by five last week, per Baker Hughes’ February 7 report.…
Chevron Secures 80% Stake in Offshore Namibia Exploration Block
Custos Energy confirmed Chevron's acquisition of an 80% stake and operatorship in Namibia's PEL 82,…
Norway receives its first ship for transporting waste carbon to undersea storage.
The Northern Pioneer is one of four ships transporting CO₂ from industrial sites to a…
Denmark increases scrutiny of ships transporting Russian oil.
Denmark will tighten inspections of Russian oil ships in its straits to safeguard the environment…