The crude oil refinery being built in Lagos by Dangote Industries Limited is a threat to refineries in Europe, which Nigeria relies mostly on for fuel imports, a global provider of energy and commodities information has said. The Editorial Director, Strategic Oil Markets Development, S&P Global Platts, Andrew Bonnington, said at the S&P Global Platts
KBR (formerly Kellogg Brown & Root), a global provider of differentiated professional services and technologies, has been awarded a Liquefied natural gas (LNG) FEED contract by Nigeria Liquefied Natural Gas (NLNG) for further expansion of the Bonny Island LNG plant at Bonny Island, Nigeria. Under the terms of the contract, KBR, as leader of the Bonny7JV with partners TechnipFMC
Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt’s Western Desert, the company announced in a press release. The well has delivered 5,130 barrels of light oil per day with low associated gas. It is the second well drilled by Eni to
Nigeria has unexplored 28 billion barrels of oil reserves located in the offshore area, Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC), Mr. Bello Rabiu, has said. According to him, this underscores the need to focus and encourage investment in the country’s upstream sector of the oil and gas industry. Speaking during a panel
Egypt’s National Oil Companies (NOCs) will repay all debts owed to international partners before the end of 2019, oil minister Tarek El Molla has said. He added that the debt has fallen to $1.2 billion, which is half of NOC debt owed to International Oil Companies (IOCs) in 2010. The Oxford Institute for Energy Studies wrote in
Transportation of crude oil under the Early Oil Pilot Scheme can now resume next week after area leaders allowed Tullow Oil to ferry the resource following a meeting between Turkana elected leaders led by Governor Josphat Nanok and a high powered government delegation led by Petroleum and Mining cabinet secretary John Munyes and Rift Valley
Brazil’s state-run oil company Petróleo Brasileiro SA (PETR4.SA) has lifted restrictions on doing business with certain units of the engineering firm Odebrecht SA [ODBES.UL], Petrobras said in a securities filing on Friday. Petrobras’ board of directors approved the measure at a board meeting on Thursday, the filing said. Odebrecht has been at the center of
Dutch marine engineer SBM Offshore has won a contract to supply a new production vessel for oil major Exxon Mobil in Guyana, setting its shares on track for their biggest gain in nearly two years. Under the terms of the deal, SBM will engineer and design a second floating production, storage and offloading vessel (FPSO)
Libya’s National Oil Company said on Friday it expected to halt operations at two key export terminals this weekend, slashing crude output by a total of about 800,000 barrels per day (bpd). The announcement came after Libya’s unity government on Tuesday urged the UN to block any “illegal” oil exports from the chaos-hit country after
Brazil’s state-controlled oil company Petroleo Brasileiro may extend the deadline for potential bidders for a 60 percent stake in four refineries to sign non-disclosure agreements, a person with knowledge of the matter said. A ruling from Supreme Court Justice Ricardo Lewandowski this week requiring Congress to approve all sales programs of state-controlled companies threw up