Sinopec chairman Hou Qijun has launched a sweeping overhaul at the world’s largest refiner, splitting it into four profit centres as fuel demand slides.
© 2024 Energy News Africa Plus. All Rights Reserved.
In the News
-
-
KEY POINTS South Africa’s only nuclear power station, Koeberg Nuclear Power Station near Cape Town, has been forced to reduce electricity generation after a large buildup of dead sardines blocked …
-
KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited and partners in the Oil Mining Lease (OML) 118 project have signed key agreements aimed at moving the long-awaited Bonga South …
-
Oil prices fell further on Tuesday as investors shrugged off the latest US sanctions on Iran, with Brent down 1.0 percent to $91.27 a barrel.
-
KEY POINTS Nigeria’s petroleum products trade is undergoing a major shift, with the country exporting significantly more refined products while sharply reducing its dependence on imported fuel. New data from …
-
KEY POINTS Libya is stepping up efforts to attract fresh investment into its oil and gas industry as the North African country seeks to increase production, expand infrastructure and make …
-
KEY POINTS The Federal Government has renewed its commitment to reviving oil exploration at the Kolmani Oil Field in Bauchi State, months after activities at the site were halted. The …
-
KEY POINTS Oil prices stabilised on Tuesday after falling sharply in the previous session, as investors weighed the possible impact of expanded US sanctions on Iran against the risk of …
-
Shell has drawn potential bidders, including ExxonMobil and LyondellBasell, for its US chemical assets, which could fetch up to $8 billion, the FT says.
-
Germany’s Uniper has signed a 15-year deal to import more than 30 terawatt-hours of gas a year from Norway’s Equinor from 2027.