News
Nigeria Says Crude Theft and Metering Losses Lowest in 16 Years
September 15, 2025
Nigeria’s crude losses from theft and metering issues dropped to their lowest in nearly 16 years at 9,600 barrels per day (bpd), the West African
Egypt continues upstream push with three more deals
September 15, 2025
The Egyptian General Petroleum Corporation (EGPC) has signed three new exploration agreements worth more than USD 121 million with international companies in onshore and offshore areas, Egypt’s Ministry of Petroleum and Mineral Resources announced on Sunday.
Cutting-edge technology comes to Omani unconventional plays
September 15, 2025
Rahul Patel, founder and CEO of Transcontinental Energy Services, talks to The Energy Year about the company’s expansion into specialised oilfield services and unconventional oil and gasfield developments in the MENA region, its strategy for Oman and its use of advanced technology such as AI. Transcontinental Energy Services is an integrated services and production company.
China Continues to Amass Crude Oil in Storage
September 15, 2025
Despite very strong refinery runs in August, China had 1 million barrels per day (bpd) of more crude available than processed at refineries, suggesting that the world’s top crude importer continues to buy more oil than it needs, with most of the surplus likely going to storage.
Some NATO Members Reluctant to Heed Trumps Call for a Russian Oil Ban
September 15, 2025
In Europe, Hungary and Slovakia have been the most vocal opponents of any further squeeze on Russian oil imports. The two Central European NATO members argue such a squeeze would compromise their energy security.
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