The Nigerian National Petroleum Co. Ltd. (NNPC) destroyed more than 5,500 unauthorized refineries and nearly 4,500 illegal pipeline connections over the last three years, according to the national oil and gas company’s chief executive. Speaking […]
Gas station owner Sunoco LP will buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt, the companies said on Monday in the latest merger deal in the […]
Since the start of the Russia-Ukraine war in February 2022, energy trade (especially oil) between Russia and India has increased unexpectedly. Before the beginning of the war, India’s share of Russian oil imports was only […]
Investing U.S. refiner and petrochemical manufacturer Phillips 66 (NYSE:PSX) is in active discussions for a sale of its non-core assets, Chief Executive Mark Lashier said on Thursday during an energy conference. Last year, the company […]
Daily Standup Weekly Top Stories A Shale Oil CEO’s Second Act: Going Green December 17, 2023 Stu Turley For almost a decade, Tony Sanchez III was the epitome of a shale-boom CEO—furiously drilling oil wells, piling on debt […]
Daily Standup Top Stories Another Offshore Wind Farm Hits the Dust December 20, 2023 Stu Turley Key Takeaways 1: The developer of “Icebreaker,” a small project in Lake Erie, announced it is pulling stakes on its […]
Increased distillate production and slowing economic activities have led to rising diesel stocks and falling prices. Weak manufacturing activity in the U.S. and Europe contributes to reduced diesel demand, easing the market. Geopolitical tensions near […]
Pretoria has expressed confidence that selecting Gazprombank as an investor will not trigger Western sanctions South African national oil company PetroSA has chosen Russia’s Gazprombank as its preferred investment partner to revive a gas-to-liquid (GTL) […]
Daily Standup Top Stories Major grid operator warns legal agreement to shutter coal plant will devastate electric reliability December 11, 2023 Mariel Alumit A major power grid operator that oversees electricity supplies across the mid-Atlantic repeated […]
India, the world’s third-largest crude oil importer, expects to raise its refining capacity by around 1.12 million barrels per day (bpd) each year until 2028, according to India’s junior oil minister Rameswar Teli. Total Indian […]
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