Petronas Awarded Two New Offshore Production Sharing Contracts in Indonesia
Petronas has expanded its presence in Indonesia by signing two new offshore production sharing contracts…
Ghana’s Mahama Refines Policies to Speed Up Crude Oil Production
Ghana’s President John Mahama is urging investors to ramp up crude oil extraction to prevent…
Nigerian Regulatory Agencies Launch Joint Probe Into Oil Spill
Nigerian regulators are jointly investigating an oil spill reported by Renaissance Africa Energy Co. Ltd,…
Oil Prices Expected to Fall to $66 per Barrel, Says IMF
The International Monetary Fund (IMF) forecasts a decline in oil prices to $66.90 per barrel…
Trade Dispute Redirects U.S. Petroleum Gas Shipments Away from China
Due to the escalating trade war between the U.S. and China, several U.S. petroleum gas…
China is turning to Middle Eastern LPG to substitute for US gas impacted by tariffs
Chinese plastics plants are turning to the Middle East for LPG to replace tariff-hit imports…
NUPRC Describes 2024 Oil Bid Round as Nigeria’s Most Transparent Yet
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) defended the 2024 oil licensing bid round as…
Spain Secures EU Approval for $455M Hydrogen Aid Program
The European Commission has approved Spain's €400 million ($455 million) aid scheme to support renewable…
Gas Leak Causes Power Outage in Aba
A gas leak and process disruption at Associated Gas Gathering (AGG) facilities near Port Harcourt,…
Iraq Revises Oil Price Assumptions in Budget Due to Falling Market Prices
Iraq, OPEC's second-largest oil producer, plans to lower its oil price benchmark in the 2025…