Management
Update: Nigeria oil union calls off strike after talks with Dangote Petroleum
The strike was called after the Dangote refinery—Africa's largest with a crude processing capacity of 650,000 bpd—dismissed more than 800 unionized staff.
Update: Nigerian oil union launches nationwide strike after Dangote refinery dismisses workers
The walkout, launched on Monday, has escalated tensions in Africa's top oil producer, with analysts warning that if the dispute spreads to other unions, it could disrupt oil field operations, halt product flows and lead to fuel shortages at petrol stations.
Occidental Petroleum in talks to sell OxyChem chemical unit for at least $10 billion
Occidental Petroleum has announced that it is in advanced talks to sell its chemical division, OxyChem, for at least $10 billion.
Indonesia's Pertamina to merge refinery, shipping and retail operations
Indonesian state energy firm PT Pertamina will merge the operations of its refinery, shipping and retail units to improve efficiency in its core business, CEO Simon Aloysius Mantiri said.
India's ONGC to keep buying Russian oil if prices economical
Indian explorer Oil and Natural Gas Corporation said its refining units will continue to buy Russian oil if available at economical prices.
- Indian Oil buys first Colombian oil under Ecopetrol contract 12/31
- Ukrainian drone attack sparks fire, damages equipment at Tuapse refinery 12/31
- Chile's $2.5-B Volta green ammonia project wins environmental permit 12/31
- China begins issuing second batch of 2026 crude import quotas to refiners 12/31
- EIA: U.S. crude, fuel inventories rose in the week ended December 19 12/30
- Ghana's Tema oil refinery restarts after 9-yr shutdown 12/30
