April 01, 2026 Since the start of the Middle East war, China has been reselling record volumes of LNG to other Asian buyers as its own demand has been tepid and stocks and gas supplies sufficient. In March alone, China resold up to 10 cargoes of LNG—a record-high for any month ever, according to data […]Read More
April 01, 2026 BP’s new chief executive officer Meg O’Neill has pledged consistency and clear direction in her first message to staff as she takes over the top job at the UK-based supermajor effective April 1, amid very turbulent times for both the company and the energy industry. “I’m committed to providing clear direction and […]Read More
The technology, applied as a small additive during plastic production, remains stable during usage but activates when exposed to environmental elements such as heat, air, and ultraviolet light. Once triggered, it breaks down plastic into a biodegradable substance that is consumed by microorganisms, leaving only carbon dioxide, water, and biomass. Importantly, the solution is designed […]Read More
March 31, 2026 Chevron’s Wheatstone LNG plant offshore Australia has suffered “extensive damage” from a cyclone that recently passed through Australia. The two liquefaction trains at the facility remain shut, Reuters quoted Chevron’s Australian director of operations and maintenance as saying. “We have a number of fin fans or air-cooled heat exchangers that sustained some […]Read More
Nigeria is among 14 African nations set to benefit from a new $11.3 million renewable energy initiative backed by the African Development Bank (AfDB) and its partners, aimed at expanding electricity access in fragile and underserved communities. The funding follows the approval of a $5.65 million reimbursable grant by the AfDB’s Board of Directors through […]Read More
March 26, 2026 Saudi crude oil exports to its two biggest clients, India and China, are on course to decline in April because of the production disruptions in the Middle East, Bloomberg reported earlier today, citing traders. The traders said Saudi oil exports to the Chinese market were seen at some 40 million barrels, down […]Read More
Mainpower Electricity Distribution Limited (MEDL) today engaged key industry stakeholders and potential investors at the Enugu State Investor Forum, held at the International Conference Center, Enugu. Major discussions at the event centered on investment opportunities in Enugu State’s electricity market, vendor financing, and the Smart Metering Demonstrator – a pilot project implemented by the United […]Read More
March 25, 2026 COSCO Shipping Lines, China’s largest shipping company, has officially resumed new booking services for container shipments from the Far East to several key Middle Eastern destinations, with the United States and Iran currently engaged in ceasefire talks, despite statements by Tehran that the U.S. military is “negotiating with itself”. COSCO has reinstated […]Read More
Noble Energy EG Ltd. (a Chevron company) with its co-venturers, and the government of Equatorial Guinea have signed agreements for the Aseng Gas Monetization Project. The execution of the agreements is subject to relevant approvals and is a critical milestone towards the approval and implementation of the project, a statement has said. Speaking on the […]Read More
India, the world’s third-largest importer of crude oil, is showing little enthusiasm for resuming purchases of Iranian crude, even after the United States issued a temporary waiver easing sanctions. According to sources familiar with the matter, Indian state refiners are hesitating due to ongoing concerns about shipping logistics, insurance coverage, and payment mechanisms, Bloomberg reported […]Read More
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