Qatar Pulls Out Of OPEC

Qatar Pulls Out Of OPEC

Qatar has announced it is pulling out of the Opec oil producers’ cartel, just days before the group meets in Vienna. The Gulf state, which joined Opec in 1961, said it would leave the cartel in January and would focus...
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Shell Nigeria Seals Gas Supply Agreement For Power Project

Shell Nigeria Seals Gas Supply Agreement For Power Project

The Shell Petroleum Development Company of Nigeria (SPDC) and its joint partners have signed a gas supply and aggregation agreement that will support the 140 Megawatts Aba Integrated Power Project in Abia State. The agreement, signed in Abuja, was between...
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Firm Unveils New LNG-Fueled Ferry

Firm Unveils New LNG-Fueled Ferry

Spanish ferry company Baleària has splashed Marie Curie, its new smart ship with LNG engines.  The launching ceremony took place on Tuesday  at Cantiere Navale Visentini in Italy. The newbuilding is the company’s first ferry fueled by LNG that will oper...
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NLNG Implores Nigerian Firms On Maximum Value Of $4b Train 7 Project

NLNG Implores Nigerian Firms On Maximum Value Of $4b Train 7 Project

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, on Thursday  in Port Harcourt, said the company was 100% committed to a Train 7 project that will be delivered with the involvement of competent Nigerian...
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NNPC Seeks New Funding Options For Operators

NNPC Seeks New Funding Options For Operators

The NNPC says it is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry to launch them into a new phase of exploration. The operators have been grappling with funding challenges which has cut...
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Firm Receives Largest Floating Storage

Firm Receives Largest Floating Storage

Singapore-based PaxOcean has delivered a 26,000m3 Floating Storage and Regasification Unit (FSRU) to Indonesia-based Jaya Samudra Karunia (JSK). Karunia Dewata is the largest FSRU to be built in China and the first to feature Type C cargo tanks. The unit was...
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LNG Carrier Survives Pirates Gun Fire In Bonny, Nigeria

LNG Carrier Survives Pirates Gun Fire In Bonny, Nigeria

An LNG tanker was chased and fired upon by nine pirates in a speed boat on November 6, around 30 nautical miles southwest of Bonny, Nigeria, the IMB Piracy Reporting Center informed. The crew raised the alarm, mustered in the citadel,...
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Floating Storage To Make Big Comeback

Floating Storage To Make Big Comeback

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NNPC Seeks Increase Of Retail Outlets

NNPC Seeks Increase Of Retail Outlets

The Nigerian National Petroleum Corporation (NNPC) says it is set to increase its 14 per cent market share in the nation’s downstream petroleum retail market. The Group Managing Director of NNPC, Dr Maikanti Baru, said this during NNPC Special Day...
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NLNG Dividend: Nigerian Senate Probes Alleged NNPC’s Diversion

NLNG Dividend: Nigerian Senate Probes Alleged NNPC’s Diversion

  The Nigerian Senate will on Tuesday  further probe claims by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on how and why the corporation allegedly diverted the dividends from the Nigerian Liquefied Natur...
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Seaport To Invest In Hydrogen As Fuel

Seaport To Invest In Hydrogen As Fuel

Dutch-Belgian North Sea Port is looking to invest in hydrogen as fuel when opportunities arise, a representative of the port told World Maritime News at Offshore Energy Exhibition & Conference 2018 in Amsterdam. “We recently commissioned a pipeline from ...
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ExxonMobil To Produce Marine Gasoil, Diesel

ExxonMobil To Produce Marine Gasoil, Diesel

ExxonMobil has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel.  As explained, the new 50,000 barrel-per-day unit expands t...
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Dangote Refinery Explains Agenda For Euro V Specification

Dangote Refinery Explains Agenda For Euro V Specification

Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification.  Sulphur in petroleum fuels...
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Russia, UAE Partner NNPC On Oil, Gas Development

Russia, UAE Partner NNPC On Oil, Gas Development

The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National Petroleum Corporation (NNPC) in the upstream, midstream, downstream and services sectors to further boost their v...
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