Guinea is studying proposals to build a new oil terminal in the capital Conakry within the next six to 12 months following an explosion in December that severely damaged its main storage facility, an advisor to the prime minister said on Thursday…
India's petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumption before 2030.Urbanisation, industrialisation and the growth of the middle class…
The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek's terminal which remained closed after being damaged by fire, according to data from LSEG and industry sources.Novatek said on Sunday it had been…
The Russian government is considering a ban on gasoline exports after an incident at Lukoil's NORSI oil refinery in Nizhny Novgorod, Interfax news agency reported on Monday, citing sources.The refinery may halve high-octane gasoline output after an emergency stoppage at a catalytic cracking unit…
TotalEnergies on Friday restarted the large crude distillation unit (CDU) and large vacuum distillation unit (VDU) at its 238,000 barrel-per-day (bpd) Port Arthur, Texas, refinery, said people familiar with plant operations.The refinery's two…
South Africa has selected a Vopak consortium as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay, state-owned Transnet National Ports Authority (TNPA) said on WednesdayThe Vopak Terminal…
Growth in sea-borne imports of liquefied petroleum gas (LPG) to Poland slowed 7% last year to 1.084 million metric tons, from a jump of more than 70% in 2022, with sea terminals working almost at capacity, according to traders and LSEG data…
U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023…
German utility RWE on Jan. 1 handed over floating liquefied natural gas (LNG) infrastructure at Brunsbuettel on the North Sea to state-owned Deutsche Energy Terminal (DET) as agreed when first imports arrived 10 months ago, it said.DET is now…
Russian exports of liquefied natural gas (LNG) to Europe fell 1.9% to 15.8 million metric tons in 2023, and LNG exports to Asia fell 11% to 14.9 million tons, LSEG data showed on Tuesday.Europe increased purchases of LNG from global producers…
Oil loadings from Russia's Black Sea port of Novorossiisk have resumed after being suspended due to a storm on Dec. 27, two sources familiar with the matter told Reuters on Thursday.The port will likely be able to ship all the crude volumes scheduled for December…
Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.Russia wants to boost its share of the LNG market to 20% by 2030 from 8% now…
Nigeria's oil refinery in Port Harcourt will restart operations 'after the Christmas break' following an overhaul, the petroleum minister said on Thursday, following several delays.Africa's top oil exporter has for years prioritised the production…
Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world's main East-West trade route, following attacks launched by Yemen's Houthi group on commercial ships at the southern end of the Red Sea…
Germany's emerging liquefied natural gas (LNG) terminal in the Elbe river port of Stade expects its floating regasification vessel (FSRU) to arrive in February, allowing seaborne gas cargoes to be fed into local pipeline grids, its management said on Wednesday…
