The United States (U.S.) imposed new sanctions on several Chinese firms and vessels for their roles…
Tag: oil
Tariffs, Tanks & Turnarounds: China Rewires Its Petrochemical Playbook
Rising tariffs between the United States and China have disrupted petrochemical trade and triggered a global…
Kosmos Energy Eyes Recovery After $111M Q1 Loss, First GTA LNG Cargo Lifted
Kosmos Energy reported a net loss of $111 million in Q1 2025, equivalent to $0.23 per…
Nigeria, South Africa Unite to Power Africa’s Energy Future
Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, urged African countries to focus…
Schwedt on the Brink: Oil Sanctions Stir German Divide
The eastern German town of Schwedt faces rising economic and political tensions as its refinery fights…
MRS Oil Nigeria Reports 71% Revenue Growth
MRS Oil Nigeria Plc has released its audited financial results for 2024. The company reported a…
BW Energy Makes Major Oil Discovery Offshore Gabon
BW Energy has announced a significant oil discovery in the Bourdon prospect, located within the Dussafu…
Trump Tightens Sanctions, Cuts Russian Energy Transactions
The Trump administration ended a key license allowing U.S. energy transactions with Russian financial institutions, aiming…
Chevron Exit Fuels Venezuela’s Crisis
The Trump administration cancelled Chevron’s operating license in Venezuela, raising concerns about worsening the country’s economic…
Dangote Refinery Fuels Nigeria with 33 Million Litres Daily
The Dangote Refinery now produces 33 million litres of Premium Motor Spirit (PMS) daily, meeting Nigeria’s…