Rwanda is exploring an equity stake in Dangote Group’s proposed $16 billion Lamu oil refinery in Kenya, potentially strengthening regional fuel security and deepening East Africa’s integration of refining and petroleum supply infrastructure. The proposed refinery, planned for Lamu on Kenya’s coast, is expected to have a processing capacity ofContinue Reading
Rwanda is exploring an equity stake in Dangote Group’s proposed $16 billion Lamu oil refinery in Kenya, potentially strengthening regional fuel security and deepening East Africa’s integration of refining and petroleum supply infrastructure. The proposed refinery, planned for Lamu on Kenya’s coast, is expected to have a processing capacity ofContinue Reading
Africa’s drive to expand refining capacity is creating new investment opportunities for Gulf companies as governments seek to strengthen fuel security, support industrial growth and reduce dependence on imported petroleum products. Africa’s refining sector is entering a new phase as countries across the continent accelerate efforts to increase domestic processingContinue Reading
Oil prices recovered while natural gas traded near $2.90/MMBtu, with constrained Gulf supply and fragile LNG availability continuing to influence energy markets. Crude oil prices strengthened on August 28 as supply conditions remained tight across key Middle Eastern energy markets, while US natural gas prices approached the $3/MMBtu level amidContinue Reading
Global oil and gas contract activity strengthened in the second quarter of 2026, with the total disclosed value of industry contracts increasing 21% quarter-on-quarter to $69.82 billion, driven by major awards across midstream and other energy infrastructure projects. GlobalData data shows that the total disclosed value of oil and gasContinue Reading
ADNOC Gas has awarded $8.2 billion in EPC contracts to Wison Engineering and Tecnimont for the next phases of its Rich Gas Development programme in Abu Dhabi, expanding gas-processing and NGL recovery capacity. ADNOC Gas has awarded $3.9 billion to Wison Engineering for Phase 2 and $4.3 billion to TecnimontContinue Reading
Woodside Energy has abandoned its plans to spend $5 billion on clean energy projects by 2030, while also dropping its Scope 3 emissions target, as the Australian energy company refocuses its investment strategy on its core oil and gas operations. The decision was announced alongside a 7% increase in first-halfContinue Reading
SINGAPORE, August 25, 2026 — Sinopec is undertaking a broad business transformation aimed at strengthening its upstream portfolio, expanding new energy activities and improving the performance of its refining and petrochemical operations as changing fuel demand and industry overcapacity reshape the global energy market. The world’s largest oil refiner isContinue Reading
AMETEK has launched its Grabner Vision Pro Series, a new analytical instrumentation platform designed to improve fuel and petrochemical testing through enhanced software, diagnostics and system architecture. The new series builds on more than 35 years of analytical technology development and is designed to support laboratories handling demanding fuel, petrochemicalContinue Reading
AERZEN has established a new wholly owned subsidiary, Aerzen Process Gas GmbH, to bring together its expertise in the conveyance and compression of process gases and provide integrated solutions for demanding industrial applications. Established in January 2026, the new company combines the capabilities of Emmerthaler Apparatebau GmbH and GPE Turbo,Continue Reading
