September 16, 2025 Guyana’s swift appearance as the world’s newest petrostate, along with heightened tensions between Washington and Caracas, has brought the spotlight firmly back on South America’s oil industry. The International Energy Agency (IEA) recently identified Brazil, Guyana and Argentina among the top five non-OPEC oil producers, which are driving global production growth. All three South American […]Read More
Gov. Sheriff Oborevwori of Delta has lauded the Petroleum Training Institute (PTI), Effurun, and the Minister of Petroleum, Sen. Heineken Lokpobri, for releasing 25 hectares of land to the state government. The governor gave the commendation on Tuesday when the Principal and Chief Executive Officer of PTI, Dr Samuel Onoji visited the governor at the […]Read More
September 16, 2025 Chevron Chairman and CEO Mike Wirth recently addressed the company’s dual strategy of expanding traditional fossil fuel operations while simultaneously investing in emerging low-carbon technologies. In an interview with The New York Times, Wirth described the company’s approach as a pragmatic response to ongoing global energy demand, pushing back against predictions from the […]Read More
September 15, 2025 ExxonMobil has moved to strengthen its hand against climate-focused investor campaigns by introducing an auto-voting system for its massive retail shareholder base, Reuters reported on Monday. The plan, approved under a “no-action” letter from the SEC, will allow individual investors to opt in and have their votes automatically aligned with management recommendations unless […]Read More
September 16, 2025 A sanctioned oil tanker has unloaded its cargo at the Indian port of Mundra despite the port owner’s order not to allow sanctioned tankers to dock there, Reuters has reported, citing ship-tracking data from Kpler and LSEG. The Mundra port is owned by Adani Group and, according to an earlier Reuters report, another tanker […]Read More
September 16, 2025 The first cargo of Nigerian gasoline produced at the Dangote refinery has reportedly arrived at its destination in the United States. Reuters, citing unnamed sources in the know and ship-tracking data, said the gasoline cargo was arranged by Sunoco and commodity trader Vitol. VesselFinder reported that Gemini Pearl, a Panama-flagged oil product carrier, was currently located […]Read More
September 15, 2025 China has received the fourth cargo of liquefied natural gas from the sanctioned Russian Arctic LNG 2 project, as Beijing and Russia appear bolder in defying U.S. and other Western sanctions on Russia’s energy exports. The Buran, a sanctioned Russian tanker, arrived at the Beihai LNG Terminal in China on September 12, […]Read More
September 15, 2025 Despite very strong refinery runs in August, China had 1 million barrels per day (bpd) of more crude available than processed at refineries, suggesting that the world’s top crude importer continues to buy more oil than it needs, with most of the surplus likely going to storage. Refiners processed 14.94 million bpd […]Read More
September 14, 2025 Britain and the United States are set to sign a sweeping agreement to accelerate nuclear power development during U.S. President Donald Trump’s state visit this week, marking what Keir Starmer described as the start of a “golden age of nuclear.” The accord, known as the Atlantic Partnership for Advanced Nuclear Energy, is designed to […]Read More
September 14, 2025 Crude oil prices began the week with a rise, building on gains made last week, as Ukrainian drone attacks on Russian energy infrastructure continued, notably on a major oil export terminal in Primorsk, Russia’s second-largest Baltic port and largest oil export hub on the Baltic. At the time of writing, Brent crude was trading […]Read More
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