The Grangemouth refinery, Scotland’s only crude processing facility, is set to close in the second quarter of 2025, its owners confirmed on Thursday, as the refinery has struggled to compete with the new complex facilities in Asia, Africa, and the Middle East. The Grangemouth refinery, which was opened by the predecessor of BP in 1924, […]Read More

The Nigerian National Petroleum Company (NNPC) Limited has sought a permanent presence at the Dangote Refinery as part of their ongoing crude supply agreement with the facility. This was disclosed by Devakumar V.G. Edwin, Vice President (Oil & Gas) of the Dangote Group, during an X Space yesterday. “NNPC has informed us that they intend […]Read More

Nigeria’s average daily crude oil production saw a slight increase in August, rising to 1.352 million barrels per day (bpd), according to the Organisation of the Petroleum Exporting Countries (OPEC). This represents a modest gain of 45,000 bpd from the 1.307 million bpd recorded in July, based on direct communication with Nigerian authorities. However, data […]Read More

…As Partners Eye JV’s 165,000 bopd Oil Production Target by Dec 2024 In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd. and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its […]Read More

The Organization of Petroleum Exporting Countries and Allies (OPEC+) will begin adding supply to the market in 2025, for the first time since 2022, Jim Burkhard, vice president of research at S&P Global Commodity Insights, said at the Asia Pacific Petroleum Conference (APPEC) on Monday. “We think in 2025 for the first time in a […]Read More