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Shipping companies fight against biofuel regulations
Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
Iran misses annual petchem output target despite slight growth
Iran’s annual petrochemical production capacity climbed to nearly 100mn tonnes, a senior industry official said, a figure that falls short of the country’s target for the current Persian calendar year that ends on March 20.
West Africa Gas Pipeline eyes expansion amid maintenance works
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Iran can overcome petrol deficit via CNG development, union leader says
An Iranian union leader proposed that the government set aside 10% of its petrol import budget to develop the country’s compressed natural gas (CNG) sector, arguing that this move could eliminate fuel shortages.
Kenya pushes regional pact for Eldoret-Kampala-Kigali fuel pipeline
African Energy Chamber to discuss opportunities for Chinese firms at Shanghai energy investor forum
The Invest in African Energies forum is part of a series of global events, organised by the AEC, to explore new opportunities for Chinese companies in Africa,
Iraq to resume Kurdish exports amid US pressure, tensions
The US has ramped up pressure on Iraq to restart Kurdish oil exports, aiming to circumvent potential shortfalls from Iranian supplies amidst ongoing sanctions.
Iran's South Pars facilities producing more than 710,000 bpd of condensates
Iran’s South Pars Gas Complex has achieved a significant production milestone by generating over 710,000 barrels per day of gas condensates across its 13 refineries.
Iranian energy giant implementing ‘mega’ AI-driven systems in oil fields
The National Iranian Oil Co. (NIOC) is in the process of implementing three “mega” digital systems in eight oil fields, head of the company’s Research and Technology Department Mahdia Motahhari said.
Ghana explores 24-hour economy in petroleum sector to boost growth
CNG stations in Iran shut down due to inability to cover costs
A union leader in Iran said around 12% of compressed natural gas (CNG) filling stations nationwide were forced to shut down due to low commission rates, a situation he warned could lead to an uptick in petrol imports.
TotalEnergies exits Burkina Faso with sale to Coris Investment Group
Nigeria’s NNPCL debunks claims it imported 200mn litres of petrol in February
The Nigerian National Petroleum Co. Ltd. (NNPCL) has moved to debunk claims that it had imported more than 200mn litres of petrol this month.
Nigerian army recovers 95,000 litres of stolen crude
The Nigerian Army said this week that it had recovered 95,000 litres of stolen crude oil after destroying 25 illegal refineries and arresting 12 alleged oil thieves in the Niger Delta, according to Punch.
South Africa seeks regional collaboration to advance major oil refinery revival
South Africa is seeking regional partnerships with national oil companies to revive its mothballed Sapref crude oil refinery site near the port of Durban on the east coast in KwaZulu-Natal province.
Saudi Arabia’s Luberef aims to complete Yanbu Growth II project in 2025
President and CEO of Saudi Aramco Base Oil Company (Luberef) Samer Al-Hokail said this week that the company would be focusing primarily on completing the Yanbu Growth II project in 2025, according to Zawya.
Angola reveals 15% increase in LPG sales
Angola’s downstream regulator Instituto Regulador dos Derivados do Petróleo revealed this week that the country was able to bring 140,185 metric tonnes of liquefied petroleum gas (LPG) to the domestic market in the first quarter (Q1) of 2024.
Istanbul-listed Petkim’s port unit obtains $140mn three-year loan from JPMorgan at SOFR+4.35%
Port operator Petlim, a unit of Turkish petrochemical producer Petkim (PETKM), has obtained a $140mn three-year loan from JPMorgan.
Senegal refines domestic oil for first time
Kurdish and Federal Iraqi officials share views on resuming oil exports
The president of Iraq’s Kurdistan region has indicated the likely resumption of oil exports next month.
Iranian government hikes gas prices for industries by 2.5-fold
Iran has jacked up gas prices for all industrial units, including petrochemicals, by 2.5 times this Persian calendar year, figures outlined in a newly issued directive by the National Iranian Petrochemical Co. (NIPC) revealed.
First LNG at GTA project enhances energy security for West Africa's MSGBC region
The start of LNG production at the Greater Tortue Ahmeyim project in Senegal and Mauritania has signalled a new era of energy security and resource monetisation for the MSGBC region in West Africa.
Gulf Cooperation Council committed to tackling climate change
The Gulf Cooperation Council this week said that it would continue with plans to address the impacts of climate change.
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