Nigeria’s NNPC in ‘Final’ Stages of Preparations for IPO, Says Official
Wedoany.com Report-Mar 28, State-owned Nigerian National Petroleum Co. Ltd. (NNPC) is in the "final" stages of preparations for an initial public offering, a senior company official said on Thursday, ...
Suncor Finds Source of Spill at Sarnia Refinery
Wedoany.com Report-Mar 28, Canadas Suncor Energy (SU.TO), said on Thursday it had identified and isolated the source of a hydrocarbon spill observed during regular monitoring at its 85,000-barrel-per-...
CNOOC Profit Rises on Increased Oil and Gas Drilling Output
Wedoany.com Report-Mar 27, China’s largest offshore oil and gas driller said net income rose to 137.9 billion yuan ($19 billion) in 2024, from 123.9 billion yuan the previous year, according to ...
ExxonMobil to Lay Off About 250 UK Workers
Wedoany.com Report-Mar 27, Exxon Mobil Corp. will shrink its UK headcount by about 250 positions as the Texas oil giant consolidates its operations in the country. We will continue to have a meaningfu...
Latam Countries Reject U.S. Tariffs on Countries That Buy Venezuelan Oil
Wedoany.com Report-Mar 27, Multiple Latin American countries voiced disagreement on a U.S. government decision to impose tariffs on countries that purchase oil or gas from Venezuela. "We do not agree ...
EIA Projects End of Month Total Distillate Stock Decrease in 2025 and 2026
Wedoany.com Report-Mar 27, In its latest short term energy outlook (STEO), which was released earlier this month, the U.S. Energy Information Administration (EIA) projected that end of month total dis...
China’s Rongsheng Petchem Opens Canada Office, Buys Crude From Suncor
Wedoany.com Report-Mar 27, Chinas Rongsheng Petrochemical (002493.SZ),a major independent refiner, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer ...
Malaysia to Keep Crude Palm Oil Export Duty Rate at 10% in April
Wedoany.com Report-Mar 27, The Palm Oil Authority of Malaysia has issued a notice stating that the export duty rate for crude palm oil will remain at 10% in April and its benchmark price will be raise...
Oil Gains as Industry Report Points to Drop in U.S. Stockpiles
Wedoany.com Report-Mar 27, Oil rose after an industry report signaled a chunky decline in U.S. crude stockpiles, while the market weighed the prospect of a Russia-Ukraine ceasefire in the Black Sea. T...
Ergon Expanding Crude Processing Capacity at Mississippi Refinery
Wedoany.com Report-Mar 27, Ergon Inc. is undertaking an expansion of processing and production capacities at subsidiary Ergon Refining Inc.’s 26,500-b/d specialty naphthenic base oil refinery in...