NEW DELHI/MOSCOW, Aug 1 (Reuters) – At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which...
Category: International
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Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division
Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division in a bid to address operational challenges and drive its next growth phase.Bird officially assumed his role in July 2025, taking charge of Dangote’s fuels and petrochemicals business, which launched the world’s...
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Nigeria, China in diplomatic talks over viral video alleging abuse of Nigerian miners in the Central African Republic (CAR)
A video that recently surfaced online, allegedly showing Nigerian miners stranded in the Central African Republic (CAR), has triggered a diplomatic response from both Nigeria and China. The footage, though not independently verified, has led to public concern and official investigations after individuals in the video claimed they had been trafficked and left behind by...
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Second stage of reprocessing centre in Zheleznogorsk launched Tuesday, 29 July 2025.
The second complex of the Experimental and Demonstration Centre, which will process used nuclear fuel, has been launched, and follows an initial experimental stage. World Nuclear News Second stage of reprocessing centre in Zheleznogorsk launchedTuesday, 29 July 2025The second complex of the Experimental and Demonstration Centre, which will process used nuclear fuel, has been launched,...
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Eni bets on energy transition profits to match oil and gas by 2035
Italian oil major Eni expects profits from its green businesses to rival those from oil and gas within a decade, in a bold bet that contrasts with a retreat from renewables by Shell and BP after lacklustre returns. “By 2035, the [operating profit] created by our new companies will balance what is coming from oil...
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Oil giant BP backs out of Australia Renewable Energy Hub in WA’s Pilbara
Global oil giant BP has backed out of its majority share in a $55 billion green energy hub in Western Australia’s Pilbara region, dealing Australia’s clean energy transition another major blow. The Australia Renewable Energy Hub (AREH), 1,860 kilometres north-east of Perth, is tipped to deliver 26 gigawatts of solar and wind power by 2029,...
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PetroChina approves new northeast refinery complex, sources say
July 25 (Reuters) – PetroChina (601857.SS), opens new tab has made the final investment decision to build a new multi-billion-dollar refinery and petrochemical complex in northeast China’s Dalian, following recent closure of a nearby old plant, according to a company official and two industry sources. The new complex comprises a 200,000-barrel per day crude oil...
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BP exits giant Australian green hydrogen and renewables hubBP has exited the gigantic
BP exits giant Australian green hydrogen and renewables hubBP has exited the gigantic Australian Renewable Energy Hub, which would feature up to 26GW of upstream wind and solar, much of which would have been used produce hydrogen and ammonia. The oil company had first bought a 40.5% operating stake in the project back in 2022,...
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Global Shift Toward Small Modular Reactors Accelerates, with Key Lessons for Africa’s Energy Future
A new report from the OECD Nuclear Energy Agency (NEA) reveals rapid global momentum behind Small Modular Reactors (SMRs) a technology increasingly being recognised as a strategic tool for clean, reliable, and decentralized energy production. The latest edition of the NEA’s SMR Dashboard identifies 127 unique SMR designs worldwide, up from 98 in the previous...
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Converging Exxon and Chevron operations could spur next mega-merger
LONDON, July 24 (Reuters) – Exxon Mobil and Chevron’s recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces?An $800 billion combination would certainly evoke memories of Standard Oil, the conglomerate John D. Rockefeller created in 1870 that...