Niger expects to export its first barrels of crude oil through a new pipeline connecting the country's Agadem oilfield to the Benin port of Cotonou. The project, backed by PetroChina, was officially launched on November 1st and is expected to start commercial operations in January.
South Africa's PetroSA has chosen Russia's Gazprombank Africa as an investment partner for its mothballed gas-to-liquid (GTL) refinery in Mossel Bay, according to a statement from the government. This decision comes after South Africa agreed to a recommendation from PetroSA to select Gazprombank as its partner.
Iran is expanding its refining projects, with the Homs refinery being their main focus. It has received requests from various countries for refining cooperation and is in the process of finalizing a contract with Syria.
Serbia has taken a major step towards reducing its dependence on Russian gas with the completion of an interconnector to a pipeline in Bulgaria.
Papua New Guinea's state-owned petroleum company, Kumul Petroleum, is currently in advanced discussions with Chinese banks to secure funding for its stakes in two major liquefied natural gas (LNG) projects in the country.
The US Department of Energy has announced its plan to purchase up to 3 million barrels (mmbbl)of crude oil for the Strategic Petroleum Reserve (SPR) for delivery in March 2024.
The Dangote oil refinery in Nigeria received its first cargo of 1 million barrels (mmbbl) of crude oil from Shell International Trading and Shipping Co. (STASCO), after years of delay.
ADNOC has announced the inauguration of the first green hydrogen station at the Service Station of the Future (SSoF) in Expo City Dubai.
The Energy Information Administration (EIA) haa reported that US crude inventories fell by 4.6 million barrels (mmbbl) in the week ending December 1st, reaching a total of 445 million barrels.
ExxonMobil has updated its corporate plan through 2027, showcasing its commitment to providing essential energy products while also lowering emissions.Â
