The Federal Government has signed a Memorandum of Understanding (MoU) with the Republic of Niger for the transportation and storage of petroleum products.
Total has signed a strategic framework agreement with the Abu Dhabi National Oil Company (ADNOC) to explore joint research, development, and deployment partnership opportunities in the areas of CO2 emission reductions and carbon capture, utilization and storage (CCUS).
Occidental Petroleum Corp has laid out a target to reduce greenhouse gas emissions at its operations to net-zero by 2040, becoming the latest oil and gas company to set long-term climate goals.
Norwegian energy company Equinor aims to become a net zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas.
Total has announced that it will be chartering four LNG-fuelled Aframax-type vessels equipped with Liquified Natural Gas, LNG propulsion from Hafnia and Viken Shipping.
An official data presented by the Joint Organizations Data Initiative (JODI) on Monday showed that Saudi Arabia’s crude oil exports edged up for a second consecutive month to 5.97 million barrels per day (bpd) in August, from 5.73 million bpd in July.
Oil giant Saudi Aramco is in talks with BlackRock BLK.N and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business.
Iranian tankers carrying gasoline that was confiscated by the U.S. government and became embroiled in a court ownership battle have struggled to discharge in the United States, shifting course over the last week.
An S&P Global Platts survey released Wednesday shows that oil output from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) rose by 1.71 million barrels a day to 34.63 million barrels a day in August from a month earlier.
August’s crude oil imports in China jumped 13% from a year earlier, supported by hefty orders placed earlier this year when global oil prices collapsed and as cargoes previously delayed by congestion at arrival ports finally cleared customs.