Ethiopia Commences Construction on Landmark $2.5 B Oil Refinery Project
Ethiopia Commences Construction on Landmark $2.5 B Oil Refinery Project Ethiopia has officially broken ground on a major new oil refinery project in the Gode region a $2.5 billion initiative poised to become the country’s first domestic crude oil processing facility. The project, led by China’s Golden Concord Group (GCL), is expected to […]
South Korea’s S-Oil Posts Strong Profit, Signals Robust Refining Margins
South Korea’s S-Oil Posts Strong Profit, Signals Robust Refining Margins South Korea’s S-Oil Corp reported a significant jump in fourth-quarter operating profits, driven largely by stronger refining margins and steady demand for refined products. The company forecast sustained profitability into the first quarter of the year. Analysts attribute the margin strength to tighter […]
Gulf Coast Refineries Report Resilience Amid Deep Freeze
Gulf Coast Refineries Report Resilience Amid Deep Freeze Major U.S. Gulf Coast refining complexes reported minimal disruptions as an intense cold front gripped the region over the weekend. Despite widespread freezing temperatures, most facilities continued operations with only isolated, temporary unit adjustments. Exxon Mobil’s Baytown petrochemical complex initiated planned unit shutdowns as a […]
Russian Fuel Oil Exports to Asia Slow as Global Refining Dynamics Shift
Russian Fuel Oil Exports to Asia Slow as Global Refining Dynamics Shift Global fuel oil shipments from Russia into Asian markets have shown a marked slowdown in early 2026, industry analytics reveal. Ship tracking data indicate volumes in January running significantly below levels seen a year earlier, pointing to reduced throughput from key Russian […]
TGS Commences Nigeria Onshore MegaSurvey to Support Regional Exploration
TGS Commences Nigeria Onshore MegaSurvey to Support Regional Exploration TGS, a leading provider of energy data and intelligence, has announced the commencement of the Nigeria Onshore MegaSurvey, a new regional-scale seismic project covering 28,000 square kilometres across the Onshore Niger Delta. The project is supported by industry funding and is in partnership with the Nigerian […]
Soleos Energy Plans Up to 5,000MW Solar Investment in Zambia
Soleos Energy Plans Up to 5,000MW Solar Investment in Zambia Soleos Energy Limited, a global solar power developer, in partnership with Zambia’s Octane Investment Limited, has expressed strong interest in developing 1,000 megawatts of solar power generation capacity in Zambia by 2030, with plans to scale the investment to as much as 5,000MW over the […]
Future Union Qatar Commits $3 Billion to IESL-Led LNG Project in Nigeria
Future Union Qatar Commits $3 Billion to IESL-Led LNG Project in Nigeria Investment entity firm Future Union Qatar is investing $3 billion in the development of pan-African energy services company International Energy Services Limited’s LNG project in Nigeria. The financing will support the phased rollout of the LNG project over the next decade, strengthening Nigeria’s […]
Egypt Launches Largest Regional Ocean Bottom Node Seismic Program in Eastern Mediterranean
Egypt Launches Largest Regional Ocean Bottom Node Seismic Program in Eastern Mediterranean France-based geophysical services company Viridien and U.S.-headquartered technology player SLB are set to begin a large seismic acquisition and imaging program offshore Egypt that will help explorers and investors identify new opportunities for exploration and enhanced production. Viridien and SLB entered into an […]
SOCAR Acquires 10% Stake in Eni’s Baleine Oil and Gas Project Off Côte d’Ivoire
SOCAR Acquires 10% Stake in Eni’s Baleine Oil and Gas Project Off Côte d’Ivoire Italy’s energy giant Eni has sealed a deal to divest a partial stake in an oil and gas development project off the coast of Côte d’Ivoire to the State Oil Company of the Republic of Azerbaijan. Thanks to a binding agreement […]
African Development Bank Approves $150 Million for Mozambique’s Coral North FLNG Project
African Development Bank Approves $150 Million for Mozambique’s Coral North FLNG Project The African Development Bank has approved a $150 million senior loan to support the Coral North Floating Liquefied Natural Gas project, a major offshore energy development in Mozambique. The decision was endorsed by the AfDB Board of Directors on 14 January, marking a […]