KEY POINTS TotalEnergies has confirmed that one of the processing units at the SATORP refinery in Saudi Arabia was damaged during overnight incidents earlier in the week. The company said …
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In the NewsMarketsOil & Gas
Shell Flags Q1 Gas Output Decline, Liquidity Pressure Amid Middle East Tensions
KEY POINTS Shell plc has projected a decline in its first-quarter gas production alongside a significant short-term strain on liquidity, largely driven by disruptions linked to the ongoing tensions involving …
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In the NewsOil & Gas
Oil Prices Rise as Attacks on Saudi Facilities, Hormuz Disruptions Spark Supply Fears
KEY POINTS Oil prices climbed on Friday amid growing concerns over supply disruptions following attacks on energy facilities in Saudi Arabia and continued restrictions on shipping through the Strait of …
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Energy TransitionIn the News
Coega, Eskom Partner to Drive South Africa’s New Nuclear Build Programme
KEY POINTS State-owned Coega Development Corporation and power utility Eskom have signed a three-year strategic cooperation framework to support South Africa’s Nuclear New Build Programme (NNBP) and promote inclusive economic …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, have outlined strategies to achieve Nigeria’s …
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KEY POINTS ExxonMobil is considering an $8 billion investment in Nigeria’s Owowo deepwater field, with a Final Investment Decision (FID) targeted by 2027, as the company renews its commitment to …
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KEY POINTS Global oil prices rose on Thursday as doubts over the durability of a ceasefire in the Middle East raised concerns that energy shipments through the strategic Strait of …
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In the NewsOil & Gas
Libya Announces Three New Oil and Gas Discoveries with International Energy Firms
KEY POINTS National Oil Corporation, NOC, has announced three new oil and gas discoveries in partnership with major energy companies from Italy, Spain, and Algeria, according to statements released by …
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KEY POINTS Nigeria’s crude oil production has rebounded significantly, rising from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day, …
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In the NewsOil & Gas
Dangote Refinery Ramps Up Fuel and Fertiliser Exports to Ease Africa’s Supply Crisis
KEY POINTS Nigeria’s Dangote Refinery has significantly increased exports of gasoline and urea fertiliser to African countries as supply disruptions triggered by the ongoing Iran war continue to strain energy …
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