Latest Stories

European Commission approves merger of Poland’s PKN Orlen with peer Grupa Lotos

14 July 2020

Poland's two refining companies to merge to create a “multinational company with a global reach”, government officials say. PKN Orlen lines up its next merger, with oil and gas company PGNiG.

Knock-on effects

14 July 2020

Problems in South Africa’s refining sector have led to fuel shortages in neighbouring Botswana.

McDermott to provide engineering and procurement services for Azikel modular refinery

14 July 2020

McDermott International (US) has agreed to provide further assistance to Azikel Petroleum, a subsidiary of Nigeria’s Azikel Group, on the construction of a new modular refinery in Bayelsa State.

Gazprom swings to first quarterly loss since 2015

14 July 2020

The coronavirus pandemic caused Gazprom's European sales to collapse, and ruble devaluation led to hefty foreign exchange losses.

Libya’s oil sector suffers setback as LNA renews blockade

14 July 2020

Libya’s National Oil Corp. (NOC) has had to backtrack on plans for resuming commercial oil production, owing to the renewal of a blockade by troops aligned with Khalifa Haftar’s Libyan National Army (LNA).