PETRONAS and China National Petroleum Corporation (CNPC) signed a Memorandum of Understanding (MoU) at the CNPC International Cooperation Forum, a key event at the 7th China International Import Expo (CIIE). Coinciding with the 50th anniversary of Malaysia-China diplomatic relations, this collaboration not only serves as a testament to the enduring friendship between the two nations […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its partners have revved up crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4standard cubic feet per day (scfd). The company which announced this at a press briefing on Thursday said the feat was achieved in compliance with the mandate of President […]

ExxonMobil expects a final investment decision for its Rovuma liquefied natural gas (LNG) project in Mozambique in 2026, the company has stated recently, pushing back the financial go-ahead by roughly a quarter. Reuters reported. The company had said in May that it expected the final investment decision for the project to be at the end […]

The latest volume, covering 2023, illustrates the evolution of the energy sector and provides an increasingly integrated perspective on this complex industry.  Eni has published the 23rd edition of the World Energy Review 2024 (WER), its global energy statistical review. This year’s edition covers not only macro trends (oil, gas, renewables and critical minerals) but […]

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has recently in a media briefing refuted the claim that directed the Nigerian National Petroleum Company (NNPC) Limited to seize operating the four nation’s refineries and channel its resources basically on joint venture partnerships with private refineries. “My attention has been drawn to statements […]

…..supporting Marathon Oil with Master Service Agreement Petrofac confirms further growth in Africa, with a new Master Service Agreement (MSA) award, supporting Marathon Oil in Equatorial Guinea.   Under the agreement Petrofac will provide technical authority and discipline engineering support, ensuring operational excellence, integrity, and safety. It will support key onshore and offshore assets: including five […]

The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has noted that gas demand in Nigeria is growing rapidly, outpacing supply, with demand expected to increase at a compound annual growth rate of 16.6% by 2030. There is also the possibility of a 3.1 billion cubic feet per day […]

The Nigerian Federal Government has shown sheer determination to ensure a boost in the nation’s upstream and downstream sectors. Through the Ministry of Finance, the Federal Government has introduced groundbreaking concessions to revitalize Nigeria’s oil and gas industry. According to the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun the […]

PETRONAS, through Malaysia Petroleum Management (MPM), will continue supplying 16 million standard cubic feet of gas per day (MMscfd) to Sabah Electricity Sdn. Bhd. (SESB) for power generation under a newly formalised five-year Gas Sales Agreement (GSA). The agreement, signed on 30 June, was recently commemorated with a formal document exchange ceremony. This collaboration reflects […]

Woodside has completed the acquisition of 100% of OCI Clean Ammonia Holding B.V., which holds its lower carbon ammonia project in Texas (Project), from OCI N.V. (together with its affiliates, OCI). The completion follows Woodside’s announcement on 5 August 2024 that it had agreed to acquire OCI’s 1.1 Mtpa Clean Ammonia Project. Following start up […]