Blog
KUWAIT’S STATE OIL OPERATOR REPORTS LOWER PROFIT.
Kuwait’s state oil operator, Kuwait Petroleum Corporation (KPC), reported a 6.5 percent decline in net profit for the 2024-2025 fiscal year, primarily due to a drop in global petroleum prices.
- 1 year, 2 months
KENYAN COURT CLEARS ROSTAM AZIZ’S $130 MILLION GAS PLANT PROJECT.
A Kenyan court has dismissed a case blocking the $130 million LPG terminal by Taifa Gas, clearing the way for Tanzanian billionaire Rostam Aziz’s regional energy expansion. The project is expected to lower gas prices and challenge existing market dominance in Kenya's LPG sector.
- 1 year, 2 months
U.S. OIL SUPPLY SECURED AS BRAZILIAN CRUDE SHIPMENTS TO RESUME AFTER TARIFF EXEMPTION.
The United States has narrowly averted a potential energy supply disruption as Brazilian crude oil shipments are set to resume following a crucial tariff exemption announced this week. After weeks of uncertainty that saw Brazilian oil companies halt exports to the U.S., the Biden administration’s decision to exclude energy products from its new 50% tariff hike has reassured American refiners and stabilized a key supply route. Brazil is a top supplier of heavy crude oil to the U.S. Gulf Coast, and the temporary suspension had raised concerns over rising fuel costs and strained refinery operations at a time when global markets are already grappling with geopolitical tensions. Industry stakeholders hailed the move as a pragmatic step to protect U.S. energy interests, maintain competitive fuel pricing, and uphold strategic trade relations with Brazil amid a broader, increasingly tense trade landscape. However, the episode underscores the fragile balance in global energy diplomacy, where policy shifts can quickly ripple into supply chains, market prices, and geopolitical alignments.
- 1 year, 2 months
TUNISIA SWITCHES FROM HEAVY FUEL OIL TO NATURAL GAS IN INDUSTRIAL ZONES, BOOSTING EFFICIENCY AND CUTTING EMISSIONS .
Northwestern Tunisia is undergoing a quiet yet impactful energy transformation, as the region transitions away from heavy fuel oil and toward natural gas.
- 1 year, 2 months
WORLD'S LARGEST INDEPENDENT OIL TRADER GIVES $10.6 BILLION TO ITS EMPLOYEES.
The world’s largest independent oil trader, Dutch company Vitol, made record payments to its top employees and executives last year through share buybacks, according to industry updates from a specialized energy platform.
- 1 year, 2 months
OIL PROJECT FACES PRESSURE TO DELIVER FOR LOCALS.
Dr. James Mataragio has urged EACOP to accelerate community service projects and allocate more funds to ensure locals benefit from the oil pipeline development. He emphasized that surrounding communities must see tangible improvements such as access to water, roads, schools, and hospitals.
- 1 year, 2 months
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