Chinese oil imports record unexpected surge in January
Refinery intakes remain robust, with an average of 14 million bpd in...
Oil and Gas
CNOOC plans to boost capital spending for 2021
According to the company, 68% of the targeted production for domestic output...
Global oil consumption in 2020 recorded 9% slump, says EIA
The consumption is expected to surge 6 percent to 5.6 million bpd...
Mubadala Petroleum signs oil and gas exploration agreement with Egypt
According to the agreement, Mubadala Petroleum will hold 27 percent participation interest...
Chevron to supply fuel from Israel to Egypt through subsea pipelines
INGL will develop and connect a pipeline between the Israeli coastal cities...
Shell establishes its first photovoltaic (PV) solar project in the Middle East
The company has rolled out the 25-megawatt Qabas solar plant in the...
Russia’s oil major Rosneft aims to attract foreign investors for Vostok oil mega project
Amsterdam-based company Trafigura has acquired 10 percent in Vostok oil...
South Africa’s oil refiner’s future in jeopardy after oil refiners’ halts operations
Glencore’s Astron Energy has halted operations due to an explosion in July...
Shell restarts Prelude offshore project after a year
The development comes at a time when economies such as China has...
NNPC seeks funds worth $1 billion to revamp Port Harcourt refinery
The repayment is expected to be completed over seven years through deliveries...