Namibia Energy Market Report 2025 - Namibia To Become Africa's 5Th Largest Oil Producer By 2035
Namibia's energy sector is gaining momentum following major offshore oil and gas discoveries. The country is on track to become Africa's 5th largest ...
Engineering News11d
South Africa again flags mega oil refinery plan and expresses desire for regional partnership
The South African government has reiterated its stance that South African needs a mega oil refinery despite “fundamental ...
The Africa Report12d
Zambia turns to Dangote for lifeline in affordable fuel
Zambia is turning to Nigeria’s Dangote Oil in a bid to secure affordable fuel and ease skyrocketing prices ahead of next year ...
The Africa Report12d
The $1.4bn deal that puts Vivo Energy in the big leagues
With its takeover of Engen Petroleum, the fuel distributor clinched 2024’s most consequential deal, positioning itself to ...
Rigzone18d
Petronas Posts Lower Annual Profit as Weaker Prices Offset Sales Increase
It sold 247.8 million barrels of petroleum products in 2024 ... impacted by Petronas’ divestment of its 74 percent stake in Engen Group to Switzerland-based Dutch commodities trader Vitol ...
Philippine Daily Inquirer19d
P1.26-M illegal petroleum products seized, 1 nabbed in Oriental Mindoro
MANILA, Philippines — Authorities confiscated illegal petroleum products worth P1.26 million in Oriental Mindoro province, arresting one individual, the Criminal Investigation and Detection ...
The Star20d
PETRONAS posts 32% profit drop in FY24 amid lower prices, tax adjustments
Revenue declined to RM146.4bil, in line with lower average realised prices largely from petroleum products, and the divestment of Engen Group, it said. “The steady results were delivered on the ...
Free Malaysia Today20d
Petronas’s net profit tumbles 32% to RM55.1bil for FY2024
Petronas was a major shareholder of Engen until May last year when it completed the sale of its 74% stake to British downstream petroleum company Vivo Energy. Despite higher sales volumes ...
Engineering News21d
Engen Empowers its Workforce by Launching Historic Employee Share Ownership Plan
Engen, South Africa’s largest petroleum and convenience services company and a member of the Vivo Energy Group, is proud to announce the launch of its first-ever Employee Share Ownership Plan ...
Crude Oil Prices26d
Oil Prices Climb as Trump Pledges to Refill Strategic Petroleum Reserve
President Trump stated the Strategic Petroleum Reserve would be filled up quickly, as it is currently at a low level. The Biden administration previously released substantial amounts of oil from ...
Reuters26d
Saudi Aramco to acquire 25% stake in Unioil Petroleum Philippines
SINGAPORE, Feb 20 (Reuters) - Saudi Arabia's Aramco (2222.SE), opens new tab has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, the company said in a statement ...
Plast Europe27d
Polymer business extends product portfolio / High Market potential for PVC and PE in South Africa
South Africa's marketer of petroleum products, Engen Petroleum (Cape Town; www.engen.co.za), has announced it has entered the plastics industry with a new business within its chemicals and special ...