Category: Energy

CORAN Urges More Modular Refineries Investment In Nigeria
June 30, 2023 No Responses

CORAN Urges More Modular Refineries Investment In Nigeria

As part of measures to improve oil and gas downstream, the Chairman, Board of Trustees, Crude Oil Refiners Association of Nigeria (CORAN), Captain Emmanuel Iheanacho has called for encouragement for greater investment in the establishment of modular refineries in Nigeria....
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Aramco, TotalEnergies Award $11b Amiral Project Contract
June 25, 2023 No Responses

Aramco, TotalEnergies Award $11b Amiral Project Contract

Aramco and TotalEnergies have awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion Amiral complex currently being developed at the SATORP refinery in Saudi Arabia.  A signing ceremony took place on Satu...
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MOL, Chevron Seal Low-Carbon MoU
June 25, 2023 No Responses

MOL, Chevron Seal Low-Carbon MoU

Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) and energy company Chevron Singapore have inked a Memorandum of Understanding (MoU) for a strategic alliance aimed at lowering the carbon intensity of the marine energy industry. Under the agreement, the ...
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ExxonMobil Appoints Shane Harris Chairman/MD
June 19, 2023 No Responses

ExxonMobil Appoints Shane Harris Chairman/MD

ExxonMobil has appointed Shane Harris as the new chairman and managing director of its affiliates – Mobil Producing Nigeria Unlimited, Esso Exploration and Production Nigeria Limited, and Esso Exploration and Production Nigeria – in Nigeria. A statement is...
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Nigeria, Morocco, Others Sign GAS Pipeline Project Agreements
June 17, 2023 No Responses

Nigeria, Morocco, Others Sign GAS Pipeline Project Agreements

The management of Nigerian National Petroleum Company Limited (NNPCL) has signed four significant agreements related to the Nigeria-Morocco gas pipeline project. The NNPCL in a statement issued on Friday by Garba Deen Muhammad, the chief corporate communicatio...
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Edo Modular Refineries Hit 300,000 bbls Crude Order
June 16, 2023 No Responses

Edo Modular Refineries Hit 300,000 bbls Crude Order

Duport Midstream Company Limited (DMCL), which operates the 2500 barrels per day (bpd) modular refinery in Egbokor, Orhionmwon Local Government Area of Edo State, has placed an order for 100,000 barrels of crude (bbls) from Oza oil OML 11, operated...
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Samsung Gets $518m Contract For Two LNG Carriers  
June 14, 2023 No Responses

Samsung Gets $518m Contract For Two LNG Carriers  

South Korean shipbuilding company, Samsung Heavy Industries (SHI) has received an order to construct two liquified natural gas (LNG) carriers. World Maritime News report that the South Korean heavyweight signed the contract with an undisclosed shipowner f...
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Nigerian Restore Immigration Documents of Seplat Energy CEO, Roger Brown
June 14, 2023 No Responses

Nigerian Restore Immigration Documents of Seplat Energy CEO, Roger Brown

Seplat Energy has announced that the Ministry of Interior and the Nigeria Immigration Service (NIS) have restored the Working Permit, Combined Expatriate Residence Permit and Aliens Card (CERPAC) and other Visas for the entry or stay in Nigeria of th...
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Hyundai Secures Approval For New Tank Shape For Liquefied Gas, Fuel
June 12, 2023 No Responses

Hyundai Secures Approval For New Tank Shape For Liquefied Gas, Fuel

Korean Register (KR) has awarded an Approval in Principle (AIP) to HD Hyundai Heavy Industries (HD HHI) for a new type of tank shape with sloshing-restrained technology designed for various liquefied gases and fuels. World Maritime News report that t...
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Firms Seal LNG Bunkering Partnership
June 12, 2023 No Responses

Firms Seal LNG Bunkering Partnership

Italian maritime transportation group, Fratelli Cosulich has started a collaboration with low and zero-emission fuels supplier, Titan as it seeks to strengthen its position in the European LNG bunkering market. As part of this collaboration, Fratelli Cosu...
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Oil Prices Rise As Saudi Arabia Pledges Output Cuts
June 5, 2023 No Responses

Oil Prices Rise As Saudi Arabia Pledges Output Cuts

The prices of oil rallied at the start of trading on Monday morning after Saudi Arabia pledged more output cuts and the 23-member Opec+ alliance extended its production agreement into 2024. Brent, the benchmark for two thirds of the world’s oil,...
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OPEC Mulls Cut In Oil Production  
June 4, 2023 No Responses

OPEC Mulls Cut In Oil Production  

The Organization of Petroleum Exporting Countries (OPEC) and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as 1 million barrels per day.  Reuters reports that the group faces flagging...
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Oil Prices Dip Amid Weak Chinese Demand
June 1, 2023 No Responses

Oil Prices Dip Amid Weak Chinese Demand

Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected, large build in U.S. crude stocks, triggering fears of an oversupply amid signs of weaker Chinese demand. Reuters report that Brent crude...
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NNPCL Confirms Petrol Pump Price Increase
June 1, 2023 No Responses

NNPCL Confirms Petrol Pump Price Increase

The Nigerian National Petroleum Company NNPC Limited (NNPCL) has confirmed the increase in the pump price of premium motor spirit (PMS) popularly known as petrol in its retail outlets across the country. The national oil firm, in a statement signed...
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