Reports say refineries in India are buying Nigerian crude while the country’s Dangote Petroleum Refinery is largely running on American oil. In a twist that underscores the complexities of global oil trade, India’s state refiners are snapping up Nigerian crude oil while Africa’s largest refinery, located in Nigeria, is increasingly importing crude from the United...
Category: International
Post
Post
Russian State Atomic Energy Corporation ROSATOM Delivers Main Power Equipment to Seversk
The rotor of the steam turbine and the stator of the generator set for the innovative BREST-OD-300 reactor power unit have been delivered to the construction site of the Generation IV Pilot Demonstration Energy Complex in the city of Seversk, Tomsk Region. The complex is being built at the Siberian Chemical Plant (part of the...
Post
Crude Oil and Refined Products Market Review and Outlook
Heightened geopolitical tensions and hikes in supply-risk premiums resulted in a temporary surge in crude oil prices in June by about 13%. This was largely due to the impact of the Israel–Iran conflict that resulted in the Parliament of Iran threatening the closure of the Strait of Hormuz, which accounts for about 20% of the...
Post
ExxonMobil eyes more merger and acquisition opportunities across all sectors
ExxonMobil is actively pursuing more mergers and acquisitions (M&A) across its business segments, with a sharp focus on value creation rather than volume. “We’re continuing to keep a really close eye on the waterfront, see where the opportunities are, do a good job of understanding what that unique value creation opportunity looks like and then...
Post
Guyana gasoline prices now lowest in the Caribbean region.
Guyana recorded the lowest gasoline price in the Caribbean region in July, well below the global average, according to data shared by the Energy Chamber of Trinidad and Tobago last Thursday. The Chamber’s analysis, which drew on figures from globalpetrolprices.com, shows that gasoline in Guyana retailed at approximately US$0.81 per litre in July, compared to...
Post
Where to find oil and gas in the Philippines: Proven reservesIncreased exploration, drilling pace
According to Statista, citing official Department of Energy (DoE) data, the island nation holds 139 million barrels of “proven” reserves, as of 2024. That’s equivalent to an estimated market value of $9.61 billion (based on mid-2025 oil market data). There could be more.The Philippines is said to be “sitting” on a gold mine of untapped...
Post
Exxon Signs Oil Deal in Libya
Exxon has inked a preliminary deal for exploration at four offshore blocks in Libya after a decade of absence from the country. The news was reported by Libya’s National Oil Corporation, which said the U.S. supermajor will conduct a detailed technical study of the blocks that are located off the country’s northwest coast and the...
Post
Ambassador Tong: China Ready to Support Ghana’s 24-Hour Economy Through Solar Energy Collaboration
China has reaffirmed its commitment to supporting Africa’s green energy transition, with a strong focus on solar energy development. Speaking on the sidelines of the maiden Ghana-China Media Fellowship 2025 in Accra, the Chinese Ambassador to Ghana, H.E. Tong Defa, said China stands ready to partner with African countries as they work toward achieving their...
Post
BP hails Brazil block as its largest global oil and gas find in 25 years
BP (BP.L), opens new tab has made its largest global oil and gas discovery in 25 years in Brazil’s Santos basin, it said on Monday, in what may be a major boost for the British company’s strategic shift away from renewable energy to refocus on fossil fuels.BP is seeking to bolster oil and gas in...
Post
Kazakhstan Holds Negotiations with China on Nuclear Power Plant ConstructionBy Staff Report in Nation on 4 August 2025
By Staff Report in Nation on 4 August 2025 ASTANA – Negotiations are underway with potential suppliers including China National Nuclear Corporation for the construction of the third nuclear power plant, reported the Kazakh Atomic Energy Agency on July 31. The discussions also include the development of high-power nuclear reactors and small modular reactors.The China...