Namibia’s President Orders Urgent Legal Review of Controversial Oil License Renewal Scandal
Namibia’s President Orders Urgent Legal Review of Controversial Oil License Renewal Scandal President Netumbo Nandi-Ndaitwah of Namibia has ordered an urgent legal review of the controversial renewal of Paragon Oil & Gas’s petroleum exploration licence, triggering a high-stakes investigation that could implicate senior government officials in regulatory violations. The petroleum exploration licence, known as […]
Libya Announces Ambitious Plan to Drill Up to 100 Oil and Gas Wells in 2026
Libya Announces Ambitious Plan to Drill Up to 100 Oil and Gas Wells in 2026 Libya has unveiled an aggressive drilling campaign targeting between 70 and 100 oil and gas wells in 2026, marking a dramatic escalation in the country’s efforts to revive upstream activity and restore its position as a major oil producer. The […]
Shell Unveils Massive $20 Billion Investment Plan for Nigeria’s Bonga South West Deepwater Field
Shell Unveils Massive $20 Billion Investment Plan for Nigeria’s Bonga South West Deepwater Field In a landmark announcement that signals renewed confidence in Nigeria’s energy sector, Shell Plc and its partners have revealed plans to invest $20 billion in the Bonga South West deepwater oil field, positioning it as one of the largest energy projects […]
Investment Trends Show Refinery Capacity Growth in Asia, Middle East, and Africa
Investment Trends Show Refinery Capacity Growth in Asia, Middle East, and Africa Industry research indicates that spending on new refining capacity from 2025 to 2027 remains concentrated in Asia, the Middle East, and Africa. These regions are expected to capture a majority share of planned refinery expansion projects both grassroots construction and debottlenecking efforts. […]
Chevron Nears Strategic Sale of Singapore Refining Assets in Q1 2026
Chevron Nears Strategic Sale of Singapore Refining Assets in Q1 2026 Chevron is advancing negotiations to divest its Asia refining and related assets, with final deals on track for completion in the first quarter of 2026. The package includes Chevron’s stake in the Singapore Refining Co., a 290,000 barrels-per-day facility, alongside storage and distribution […]
Global Refining Market Faces Transformation Amid Demand Shifts and Cleaner Fuels Trends
Global Refining Market Faces Transformation Amid Demand Shifts and Cleaner Fuels Trends Industry forecasts highlight that nearly a fifth of worldwide refinery capacity could be at risk of closure by 2035 as the energy transition accelerates and demand patterns evolve. The anticipated rationalization is influenced by both climate-related policies and competitive pressures from advanced […]
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 […]