Saudi Aramco has closed the acquisition of a 25% equity stake in Unioil Petroleum Philippines, a fuel storage and distribution company, Unioil announced on Friday.
The Changqing shale oil field in Northwestern China has produced a cumulative 20 million tons of crude, Chinese media reported, noting the amount marks the start of a new phase in domestic oil production.
Two Indian refiners bought a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market as they seek alternatives to Russian crude.
Exxon Mobil Corp has signed an agreement to acquire 60 percent in Block 2 in the Ionian Sea, paving the way for drilling in Greece’s “most mature concession”, operator Energean PLC said.
OMV AG and Abu Dhabi Future Energy Co PJSC (Masdar) have signed a binding agreement to form a joint venture for an under-construction 140-megawatt electrolyzer that will produce up to 23,000 metric tons per annum (MMtpa) of hydrogen in Bruck an der Leitha, Lower Austria.
Petroliam Nasional Bhd has expanded its footprint offshore Suriname to eight exploration blocks with the signing of two new production sharing contracts (PSCs).
The Bureau of Ocean Energy Management (BOEM) announced, in a statement posted on its site recently, that it has advanced the first two One Big Beautiful Bill Act (OBBBA) offshore lease sales.
Nigeria is set to consolidate its dominance in Africa’s oil refining landscape as an international energy consortium has secured over $50 billion for the construction of a 500,000-barrel-per-day refinery and a 1,471-hectare free trade zone in Ondo State
The government will soon commence the construction of a second gas processing plant in the Western Region, Minister of Energy and Green Transition, John Abdulai Jinapor has announced.
A university don, Professor Usman Mohammed of the Department of Political Science and International Studies, Kaduna State University, has described the ongoing reforms in Nigeria’s oil and gas sector as crucial to the nation’s economic recovery and long-term prosperity