Brazilian oil giant Petrobras, in partnership with Colombia’s state-run Ecopetrol, has unveiled the largest natural gas discovery in Colombia’s history. The Sirius-2 well, located in the Guajira Offshore Basin, has…
Fuel Oil
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Oil marketing companies (OMCs) in India update petrol and diesel prices every day at 6 a.m., keeping consumers informed despite the volatility in global markets. These daily revisions align with…
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TFG Marine, the joint venture between Trafigura Group Pte, Frontline, and Golden Ocean, announced on Monday, December 2, the successful completion of its acquisition of a majority stake in Spanish…
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Czechia has confirmed it will not request an extension for its exemption from the European Union’s ban on Russian oil product imports, set to expire on December 5. This decision…
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The conclusion of COP29 in Baku has left climate advocates disillusioned, as the outcomes fall short on multiple fronts. A key decision, which states that developed nations will provide $300…
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The Dangote Refinery, a $20 billion petrochemical giant in Nigeria, has successfully positioned itself as a critical player in the global energy market, exporting jet fuel to international destinations, including…
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Long before the discovery of its vast offshore oil reserves in 2015, Guyana had established itself as a global advocate for decarbonization through its Low Carbon Development Strategy (LCDS) 2030.…
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In a significant development, Exxon Mobil Corp. announced that it had surpassed 500 million barrels of oil production from Guyana’s offshore Stabroek block, just five years after the commencement of…
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The ongoing protests led by Pakistan Tehreek-e-Insaf (PTI) have paralyzed Rawalpindi and Islamabad, triggering fears of a severe fuel shortage and widespread disruptions. Government-imposed road blockades to manage the demonstrations…
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Iraq’s fuel oil exports are poised to hit record levels in 2024, with shipments soaring in October due to a combination of reduced domestic demand and increased production. This surge…