Africa
Nigeria's NNPC sets agreements with Total, CNOOC on deepwater oil block
Nigeria's state-owned oil company NNPC Ltd said it had renewed a production sharing contract with Total, China National Offshore Oil Corp and others, a major step to resolving disputes on a deepwater oil block in the Niger Delta.
Nigeria commissions Dangote refinery, seeks to end fuel imports
Nigeria commissioned Dangote Refinery amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving full production this year.
Rare shipment of U.S. oil heads to South Africa for Glencore refinery
A shipment of U.S. oil is headed to South Africa for the first time in two years and destined for a Glencore-owned refinery in Cape Town that has restarted operations after an explosion shuttered it in 2020, according to ship tracking data and a source.
India's Russian oil buying hits record high, slashes Mideast, Africa share
India's oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest level in at least 22 years.
bp targets farms and feedstock as biofuel race gathers pace
bp is considering buying stakes in biofuel feedstock producers and investing directly in farming ventures to secure supplies as the global race for the low-carbon fuel gathers pace.
Congo in discussions with Uganda over use of crude pipeline
The Democratic Republic of Congo is in discussions with neighboring Uganda for possible use of the east African country's planned crude oil pipeline to export petroleum, Congo's hydrocarbons ministry said.
Nigerian president to commission Dangote refinery in two weeks
Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery, a presidency spokesperson said, setting up the plant for its first production since construction started in 2016.
Phillips 66 beats profit estimates as refining margins soar
U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.
Global diesel prices fall as economic slowdown intensifies
Global prices for middle distillates such as gas oil and diesel are falling as the economy slows, more refineries come onstream, and exports from Russia are re-routed and replaced by fuel from the Middle East.
Borouge enters into agreement to expand footprint in East Africa
Borouge Plc, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, has entered into a Distribution Agreement with one of the biggest polyolefin distributors in East Africa, Somochem.
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- India's Bharat Petroleum Corp. to boost integrated refining-petrochemical capacity by 2030 8/30
- U.S. EPA extends emergency fuel waiver for Midwest states due to refinery outage 8/30
- Czech police safely detonate World War 2 bomb at oil refinery 8/30
- U.S. Patent Office issues 4th patent for Alternative Environmental Technologies’ Sulfex™ desulfurization tech 8/30
- Russian diesel output set to fall 7.5% m/m to 7 MM tonnes in August 8/30
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- The effects of cooling water parameters on condenser brass tubes