Oman’s newest oil terminal, encompassing a complex of facilities for the storage and export of refined petroleum products from the under-construction Duqm Refinery & Petrochemical scheme, is rapidly taking shape within the Port of Duqm on the Sultanate’s southeastern coast.

When operational in 2023, alongside the multibillion-dollar refinery project, the oil terminal will position Duqm as a new energy hub for Oman, according to a"...

The Government of Somalia has approved the board members of the Somali Petroleum Authority (SPA) and appointed Ibrahim Ali Hussein its first Chairman and Chief Executive Officer, the Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia said.

The Petroleum Law, ratified on 8th February 2020, provided for the establishment of the SPA to be the"...

Many Nigerians, both experts and lay persons, have come to the conclusion that inadequate electricity generation and supply in the country is one of the factors inhibiting rapid national growth. Moreso, is the fact that electricity is vital to most, if not all, modern development sectors and routes. Successive governments have made some efforts to find solutions to bridging this power gap, especially given the resources available in the country.

One"...

There is uncertainty over the Organisation of Petroleum Exporting Countries (OPEC) and allies’ plan to return supply to the market after the group’s output cuts, while the covid-19 pandemic continues to spread across many major economies of the world.

Deep production curbs by the cartel and its allies had helped oil rebound from its plunge below zero in April, but it’s a precarious time to be adding more supply to the market, industry"...

Seplat Petroleum Development Company Plc, has announced a cash increased to $343 million despite lower revenues for the six months ended 30 June 2020. Revenue for the period stood at $234 million amid lower oil prices and demand.

Commenting on the results, which were released to the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE) on Wednesday, the Chief Executive Officer, Seplat, Mr. Austin Avuru, said: “Seplat has delivered"...

KUWAIT: Kuwait’s state-owned gas firm on Monday inaugurated a fuel station in the country’s Jaber Al-Ahmad residential area, the fourth in a string of similar facilities the company has recently opened nationwide. The new gas station is one of 18 stations set to spring up across the country, most of which will be in residential areas to meet consumers’ demand for fuel, Kuwait National Petroleum Company (KNPC) said in a statement.

Sabah"...

South Sudan’s oil production has dropped to170, 000 barrels per day from 185,000 due to the Covid-19 pandemic, a senior Petroleum ministry official said.

The spread of Covid-19 poses a significant threat to the global oil industry. The increasingly drastic action taken to reduce the spread of the virus interferes with many of the sector’s key processes.

“COVID-19"...

Leading energy conglomerate, Sahara Group in partnership with Chess Grandmaster, Dr. Bassem Amin, is set to unlock the “Pursue your Passion” gambit among youths in Africa through a Chess Masterclass session via Zoom on Friday July 24 at 5p.m.

The session, which is to mark the International Chess Day this year celebrated every July 20 with the theme, ‘Chess for Recovering Better’, will provide a platform for Amin to share"...

South Sudan oil production has dropped to 170,000 barrels per day (bpd) from 185,000 bpd due to disruptions caused by COVID-19 pandemic, said a senior official on Friday.

Awow Daniel Chuang, undersecretary in the ministry of petroleum, disclosed that the drop in production is the result of global economic slowdown due to COVID-19 that has seen oil prices drop to about 40 U.S dollars.

“COVID-19"...

(KHARTOUM) - The state-owned Sudan National Petroleum Corporation (Sudapet) is negotiating the construction of an $ 800 million thermal power plant with a Norwegian company are continuing to build a thermal power plant; a Sudanese official said.

Sudapet director, Ayman Aboul-Goukh, told 'Sudan Tribune' on Saturday that the project proposal and its design were developed by Sudapet with the participation of a German firm.

'But"...