Sunday, October 20, 2019
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Market Report: Nigeria Calls for Talks to Renew Licenses for Shell, Total
On Tuesday 7th November, the Nigerian National Petroleum Corporation (NNPC) guaranteed a steady supply of petroleum products nationwide to serve the nation throughout the forthcoming festive period and beyond. This commitment was made by Dr. Maikanti Baru, the Group Managing Director of the NNPC during the inauguration of the Board of Directors of the Petroleum Products Marketing Company (PPMC), a...
TCN says Power grid collapsed six times in eight days in January
In line with the Federal Governments Strategy on incremental power, the Transmission Company of Nigeria has energized the 2ndAsaba-Benin 330kV transmission line on the 3rd of November, 2017, adding 600MW transmission capacity to its transmission network. In a statement signed by the General Manager (Public Affairs) Ndidi Mbah, TCN said that the newly energized Asaba-Benin transmission line provides alternative source...
germany renewable conference
  Germany backs renewable energy projects in Africa with the launch of RLSF - an innovative liquidity facility managed by ATI Germany backs renewable energy projects in Africa with the launch of RLSF – an innovative liquidity facility managed by ATI The facility is designed to provide a viable solution to one of the biggest challenges facing independent power producers (IPPs) operating...
climate change
Coal emerged as the surprise winner from two weeks of international climate talks in Germany, with leaders of the host country and neighboring Poland joining Donald Trump in support of the dirtiest fossil fuel. While more than 20 nations, led by Britain and Canada, pledged to stop burning coal, German Chancellor Angela Merkel defended her country’s use of the fuel...
Aramco shines at ADIPEC Awards
Saudi Aramco was the most successful company at the Adipec Awards this year with the oil major’s projects winning two categories, and an Aramco employee being chosen the ‘Young Adipec Engineer’. The Adipec Awards recognise the achievements of businesses, initiatives and individuals shaping the rapidly changing oil and gas industry. Adnoc’s Onshore CEO and Adipec Awards chairman Saif Ahmed Alghfeli said...
NNPC reviews Corporate Governance to create fraud proof system
The Management of the Nigerian National Petroleum Corporation (NNPC) is executing a major restructuring of its corporate governance framework to engender an accountable and fraud repellent system across its value chain. Declaring open the 2017 Fraud Awareness Week at the NNPC Towers, Abuja on Tuesday, Group Managing Director of the Corporation, Dr. Maikanti Baru, said the rejig which is an...
Siemens and ABB, developing Unmanned and Automated Submerged Oil Platforms
European companies, Siemens AG and ABB Group, are collaborating with exploration and production firms (E&Ps) to develop unmanned and automated submerged oil platforms. According to Siemens, these new platforms are self-sufficient and better than traditional oil and gas extraction factories, as they do not come with the risk to human life caused by accidents. Basically, they are safe because operators...
Onshore Natural Gas discovery assessed at $4 Bn
Romgaz Has Recently Inaugurated The Largest Onshore Natural Gas Field Discovered In Romania In The Past 30 Years. According To Estimates, The Deposit Located On The Caragele Platform In Ca Rosetti Locality, Buzau County, Reportedly Contains 27 Billion Cubic Meters Of Natural Gas, Which Means That Its Exploitation Would Ensure Romania’s Consumption For Two And A Half Years. Discovered Last...
Tellurian Signs $15.2bn agreements with Bechtel to deliver Driftwood LNG at $550 per tonne
Tellurian and Bechtel Oil, Gas and Chemicals have entered into four fixed price, lump sum turnkey agreements totaling $15.2 billion for the engineering, procurement and construction (EPC) of Driftwood LNG, a liquefied natural gas (LNG) export facility proposed near Lake Charles, Louisiana. Driftwood LNG includes: Twenty liquefaction units, each expected to produce up to 1.38 million tonnes per annum (mtpa)...
Otakikpo production now at 7,600 bopd – Lekoil
Last week, the WTI benchmark rose $2 to more than US$57 per barrel — its highest level since mid-2015. While OPEC and other contributing non-OPEC members plan to extend oil production cuts through 2018, last week’s price increase was attributable to a crackdown on corruption in Saudi Arabia, as the king arrested several royal, political and business officials. The move...
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