Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop the country’s first floating LNG import terminal at the Port of Khor Al Zubair, the company said on Tuesday.
Eni SpA and Egypt’s Bioenergy Association for Sustainable Development, affiliated with the Environment Ministry, signed Monday an agreement for a feasibility study on biogas production in the North African country using animal and agricultural waste.
Gabon Oil Company (GOC) is emerging as a key growth engine in Central Africa’s hydrocarbons scene. Through strategic acquisitions, disciplined operations and a renewed exploration drive, the national oil company is positioning itself as both a production stabiliser and a catalyst for future energy expansion.
In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be down by 2.4 million barrels for the week ending October 24.
The company on Wednesday announced a new midterm management plan spanning fiscal years 2026 and 2028, with the goal for dividends to reach 140 yen ($0.92) per share by the end of the period. That compares with its 100 yen dividend for the current fiscal year.
The world’s biggest oil companies are expected to press ahead with plans to accelerate production growth when they report earnings this week, despite weak crude prices and higher supplies from OPEC and its allies.
The European Union needs to step up efforts to provide supply of critical minerals in the face of Chinese export curbs, the European Initiative for Energy Security has said, calling for more funding to be secured for these efforts.
Indian refiners have suspended new orders for Russian crude, Reuters has reported, citing unnamed sources as saying the industry awaited clarity from the government about navigating the new U.S. sanction context.
Nigeria’s Dangote Refinery will expand capacity to 1.4 million bpd by 2028 with the addition of a new 750,000 bpd processing line, Argus reported on Monday. The second line will be built in Lagos alongside Dangote’s existing 650,000-bpd unit, which began commercial operations in 2024. A potential capacity expansion was part of the facility’s original […]
Lukoil is the most internationally diverse of Russia’s oil giants, with upstream businesses in former Soviet countries such as Kazakstan, Uzbekistan and Azerbaijan, as well as in Egypt, the United Arab Emirates and West African nations of Ghana, Nigeria, Cameroon and Congo.