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Algeria becomes a net exporter of petrol

Algeria has again joined the league of other net exporters of gasoline, the most in-demand product of the distillation of crude oil.

Businesses groan as diesel price climbs to N250/litre

It has been observed that the price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with businesses taking a beating on the back of rising energy costs.

ConocoPhillips, Petronas Carigali awarded block offshore Malaysia

Petronas has awarded Block SB405, offshore Sabah, to ConocoPhillips East Malaysia (COPEM), a unit of ConocoPhillips, and Petronas Carigali.

DPR seeks investors for modular refineries

The licensing of more modular refineries to come on stream would put an end to the problem of product scarcity in the country, the Department of Petroleum Resources has said, as it plans to license more of such refineries.

Israel, Egypt eye European market, plan pipeline project

As Egypt and Israel collaborate to export fuel to Europe, they are planning to build an undersea natural-gas pipeline connecting the two countries.


Stock Watch

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Groups to celebrate women in energy sector

In recognition of the need to support strategies that will promote and enable equal participation of…

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Mexico overhauls its billion-dollar oil hedge

Mexico is upgrading its billion-dollar oil hedge to protect next year's revenues against oil price…


FG considering to transport petroleum products by…

The Federal Government is looking to transport petroleum products to various part of the country…


Petronas’ LNG facility reaches first production

Petronas’ second floating liquefied natural gas (FLNG) facility, PFLNG Dua, has produced its first…

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Oil Tips

11 Interesting Facts About Saudi Aramco

Apart from the fact that Saudi Aramco is the world’s biggest oil firm, what other interesting facts do you know…

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