The winner of the tender to build the 100,000BOPD refinery in Soyo, in Zaire Province the northeasternmost part of Angola will be announced soon.
Vietnam has been witnessing a decline in its crude production due to natural ageing fields and is now poised to venture into Africa to secure a regular dose of crude.
South Africa's Department of Mineral Resources (DMRE) has said the price of petrol is set to increase by 65 cents a litre as of Wednesday.
The Office of Gas and Electricity Markets, Ofgem, yesterday charged 18 energy suppliers, including British Gas, Shell, and Scottish Power, a combined £10.4m for overcharging their customers.
Gasoline demand in the U.S. jumped last week to the highest level since the COVID-19 pandemic started, with demand this past Sunday up by 18.2 percent compared to the previous Sunday, according to GasBuddy data.
As Egypt and Israel collaborate to export fuel to Europe, they are planning to build an undersea natural-gas pipeline connecting the two countries.
Mexico is upgrading its billion-dollar oil hedge to protect next year's revenues against oil price volatility, and the new Hacienda Hedge 2.0 is getting more than just a facelift according to the Oil Price.
The U.S. Energy Information Administration estimates that 2020 marked the first year that the United States exported more petroleum than it imported on an annual basis.
In a bid to invest more in renewable energy, France oil giant Total has been renamed TotalEnergies. The Board of Directors has given the approval for the company’s name to be changed.
Royal Dutch Shell Plc said its carbon emissions and oil production have peaked and will decline in the coming years as the company laid out a detailed plan for its transition to cleaner energy.