Sinopec Unveils China’s First Geothermal Power-Helium Project

Sinopec has connected its first geothermal power production project to China’s national grid. Sinopec Star Co.,…

The World Needs Crude Oil to Electrify Everything – OPEC Secretary General

Haitham al Ghais, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), wrote in a…

IEA Lowers 2024 Oil Demand Forecast, OPEC Maintains Projection

The International Energy Agency (IEA), in its May 2024 Oil Market Report, reduced its forecast for…

OPEC Woos Namibia to Join the Organisation

The OPEC+ oil producers group is proposing a possible membership to Namibia as it sets up…

TotalEnergies and Sinopec Join Forces for SAF Unit Production

TotalEnergies and China Petroleum and Chemical Corporation (Sinopec) have signed an agreement to jointly develop a…

Savannah Energy Acquires Sinopec Share in Nigeria

Savannah Energy Plc, a British energy company, has signed separate Share Purchase Agreements with Sinopec International…

OPEC Urges NNPC: Boost Oil for $14 Trillion Investment

The Organisation of the Petroleum Exporting Countries (OPEC) advises Nigerian National Petroleum Company Limited (NNPCL) to…

Oil Prices Increase After OPEC+ Extends Output Cuts

Oil prices increased slightly on Monday, March 4, following the widely expected extension of voluntary output…

OPEC Funds 55 Renewable Energy Projects with $1.7bn in Africa, Others

Several renewable energy projects in Africa have benefitted from the $1.7 billion financing from the Organization…

OPEC Pushes for More Investment in Oil Despite Global Renewable Shift

The Organisation of the Petroleum Exporting Countries (OPEC) is seeking more investment in oil despite the…