During a meeting between Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, and Nikolai Shulginov, Chairman of the Russian Duma Committee on Energy, Minister Esmat emphasized the necessity...
China’s independent refiners are looking for prompt Iranian crude cargos after Beijing issued the latest batch of quotas for oil imports and after international prices took a plunge following...
Shell expects its adjusted earnings in marketing and oil trading for the first quarter to be “significantly higher”, the UK-based supermajor said in a trading update on Wednesday in a preview...
The company first touted the deal back in September 2024, following a meeting in New York between some of its executives and Nigeria’s vice president, Kashim Shettima. After the...
The refinery, located in Viana near Luanda, has a processing capacity of about 20 kilograms per day. Construction and equipment installation have been completed, with commissioning and final technical...
The Minerva Gloria is docked at a wharf in the Mississippi Sound, not far from the US’s vast oil reserves in the Gulf of Mexico. The ship, 820ft (250m)...
ENI made the discovery with the drilling of the Denise W exploration well, located about 70 kilometres offshore in the Eastern Mediterranean Temsah oil and gas field. “Preliminary estimates...
“The recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is well-positioned to support economic growth and withstand...
Global stocks wavered on Tuesday, while oil prices edged above US$110 per barrel as the looming deadline imposed by US President Donald Trump for a deal with Iran threatened...
India is expected to import the highest volumes of crude from Venezuela in six years as refiners returned to purchasing the now-unsanctioned oil just before the war in the...