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Nigeria's Kaduna refinery to reopen next year, produce 60,000 bpd

Nigeria aims to reopen its Kaduna oil refinery next year, with initial production of 60,000 bpd as part of plans to revive local refineries that have been mothballed for years.

Saudi minister says oil firm acquisitions show that hydrocarbons 'here to stay'

Saudi Energy Minister Prince Abdulaziz bin Salman said that acquisitions by major oil firms such as Chevron's $53 B all-stock deal to buy Hess showed that hydrocarbons were here to stay.

Sonangol partners with Chinese CNCEC to build Lobito refinery

Sonangol and China National Chemical Engineering Company signed, in the city of Lobito, Benguela, a contract for the construction of the Lobito Refinery.

Shipping industry off track to meet 5% zero-emission fuel target by 2030

The world is not on track for zero-emission fuels to account for 5% of international shipping fuels by 2030, a new analysis has found, jeopardizing the shipping industry's 2050 decarbonization goal.

Uganda to announce oil refinery bid winner next month

Uganda expects to announce the winning bidder among four groups competing for a new 60,000 bpd oil refinery next month.

Nigeria buying fuel with cash, rather than crude, in post-reform shift

Nigerian state oil company NNPC has begun buying gasoline via cash tenders, rather than oil swaps, for the first time in nearly a decade.

Global diesel prices soften as inventories edge upward

Global distillate fuel oil inventories remain much lower than normal for the time of year but there are signs they are no longer falling which has eased some of the upward pressure on prices.

Nigeria's NNPC now sole petrol importer

Nigeria's national oil firm NNPC Ltd has again become the sole importer of petrol because licensed local private firms are unable to obtain foreign currency four months after imports were opened up to private players.

Blast at illegal Nigerian oil refinery kills 37 people

At least 37 people, including two pregnant women, were burned to death after a blast at an illegal oil refinery in southern Nigeria.

ADNOC top exec says oil and gas could remain relevant until 2050

Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.