Page 21 - Repi Refining News Today

Russia has sent record volumes of sea-borne fuel oil and vacuum gasoil (VGO) to Singapore and Malaysia in March, adding to oversupplied Asian markets, traders said and Refinitiv data showed.

Norway on Wednesday opened its first tenders to build offshore wind farms, including one area for floating wind, in a step to meet growing electricity demand at home and to build a new industry.

Chad's parliament on Wednesday approved a bill to nationalise oil assets and rights acquired last year by Savannah Energy from ExxonMobil's affiliate, Esso Exploration and Production Chad.

Exxon Mobil Corp on Wednesday bid for offshore blocks to store carbon dioxide underground during a government oil and gas lease sale in the U.S. Gulf of Mexico, while rivals Chevron Corp and BP Plc targeted areas for production.

Spanish oil and gas group Repsol plans to buy back 132.7 million shares, equal to 10% of its share capital, the company said on Wednesday.

Ukrainian President Volodymyr Zelenskiy told the head of the U.N. nuclear watchdog agency that safety at the Zaporizhzhia nuclear power station could not be guaranteed until Russian troops left the facility.

Warren Buffett's Berkshire Hathaway Inc boosted its ownership stake in Occidental Petroleum Corp to about 23.6% after buying nearly 3.7 million additional shares.

BP and Abu Dhabi's state oil giant on Tuesday offered to acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion, making their entry into Israel's growing energy sector.

The plan to station tactical nuclear weapons on its neighbor's soil is one of Russia's clearest nuclear signals since the start of its invasion of Ukraine. Kyiv called for a meeting of the U.N. Security Council in response.

Iraq's oil output and capacity may peak following growth of around 25% over the next five years, falling short of 2027 targets and ending a long-standing ambition to rival the output of Saudi Arabia.