Georgia’s Kulevi Refinery Replaces Russian Crude With Kazakh, Libyan Oil
Georgia’s only oil refinery has begun replacing Russian crude with supplies from Kazakhstan and Libya as owner Black Sea Petroleum races to avoid European Union sanctions that will go into…
CEO Plays Down Impact of Attacks on Aramco
Saudi Aramco said attacks on its assets last month have had no material impact on its operations, and the company is working to expand its oil export capacity as the…
Atlas Copco acquires compressed air business of 3C Industrial
© Shutterstock You’ve read 1 of 1 of your free articles this month. By 8 min ago 1 min read Compressed air and vacuum solutions company Atlas Copco Group has expanded…
BP to sell Archaea Energy as it withdraws from biogas
By 10 min ago 3 min read BP is to sell its Archaea Energy biogas business, it disclosed in Q2 results today. It bought the Houston-based firm , as part…
Nigeria approves $4.5 billion oil-backed financing deal to support production growth
(Bloomberg) – Nigeria said it approved a $4.5 billion arrangement with the state-owned energy firm that will liberate funds to bolster foreign-exchange reserves and spending on the government’s ongoing infrastructure…
India’s Imports of Russian Crude Hit New High in July
India keeps buying a lot of Russian oil, with July imports hitting a new all-time high and accounting for more than half of total Indian crude oil imports. India’s crude…
BP Completes Sale of German Refinery as Portfolio Overhaul Accelerates
BP has completed the sale of its refinery in Gelsenkirchen, Germany, to Klesch Group, as the UK supermajor continues to streamline its business and high-grade its portfolio under CEO Meg O’Neill.…
Kuwait Oil Production Surges as OPEC+ Completes Output Cut Reversal
Kuwait produced 1.971 million barrels of crude oil daily in July, Reuters has reported, citing unnamed sources. That was up from 1.65 million barrels daily in June, the report noted,…
India Moves to Rescue Renewable Energy Projects Stalled by Grid Shortages
The Indian government will consider waiving transmission charges for solar and wind energy developers facing delays in the commissioning of their projects due to transmission line shortages. According to a…
Greek LNG Ship Safely Clears Hormuz After Maritime Incident
A Greek-owned liquefied natural gas carrier was involved in an “incident” in the Strait of Hormuz at the end of last week while exiting the waterway, the owner company said…
