Egypt has signed a contract worth US$2.5 billion for the construction of a mazut hydrocracking complex in Assiut, the largest oil refining project in Upper Egypt.
One of Europe’s largest independent oil and gas companies, Aker BP, is partnering with a global industrial AI software-as-a-service (SaaS) firm Cognite, to explore the potential of robotics in offshore operations.
In collaboration with gas operator Ecopetrol, Shell through its subsidiary Shell EP Offshore Ventures Limited will develop three gas blocks in the Caribean.
Production of natural gas at the Nawara gas concession has been approved last week by Tunisia’s Prime Minister, Youssef Chahed, after four years.
Tanzania’s Minister of Energy, Dr. Medard Kalemani, has said that the country has enough fuel in storage to sustain the local demand for up to two months due to reforms
Statistics Canada, Canada’s national statistics office, has reported that the country’s merchandise trade deficit has reduced significantly to US$278 million (C$370 million) from US$903 million (C$1.2 billion due to an increase in oil exports in December last year.
Department of Mineral Resources and Energy of South Africa has announced that the price of petrol will come down by 13 cents a litre this week.
PetroRio which is a Brazilian oil and natural gas firm is set to acquire floating production storage and offloading (FPSO) OSX-3 for $140m and 80% of the Tubarão Martelo oil field.
According to Chinese customs data carried out by Reuters, Saudi Arabia increased its crude exports to China by 47 percent in 2019, beating Russia who had held the position for three consecutive years up until 2018, as the top Chinese crude supplier for the first time in four years.
M-Gas, a liquefied natural gas company in Kenya has won the heart of customers while breaking into the low-income market for clean cooking fuels by producing gas tanks fitted with tamper-proof smart valves that allow customers to pay for gas in installments.