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Siemens Smart Infrastructure launches first industrial control cabinets made from green steel

(WO) – Siemens Smart Infrastructure, through its German subsidiary Alpha Verteilertechnik, has launched the latest addition to its line of sustainable electrical products. Now, besides conventional control cabinets, customers globally can purchase its […]

Kerosene prices soar by 13.81% to N1,769/litre

*Fuel pump dispenser nozzle. Mkpoikana Udoma Port Harcourt — The average retail price per litre of Household Kerosene paid by consumers in July 2024 was N1,769.86, indicating a 13.81% increase compared to N1,555.11 in June […]

PETRONAS achieves first gas production from Kasawari field offshore Malaysia

(WO) – PETRONAS recently commenced its first gas production at the Kasawari field, located in Block SK316, approximately 200 km offshore Malaysia, at an initial flow rate of 200 MMcfd. Block SK316 is […]

‘Nigeria’s Dangote refinery set to start gasoline output in Sept’

*A view of the newly commissioned Dangote Petroleum refinery is pictured in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo. New York — Nigeria’s 650,000-barrel-per-day Dangote refinery is undergoing test runs for gasoline production, […]

Salunda, Intellilift partner to improve well construction safety for oil and gas industry

(WO) – Salunda has signed an agreement with technology services provider Intellilift to increase safety and efficiency in well construction for the oil and gas industry. The agreement signed following a successful pilot […]

News

US oil export gains slow as output, global demand turn tepid

Last year, exports grew 13.5%. They have grown every year except in 2021 when COVID-19 crushed global oil demand. “U.S. crude exports are plateauing due to a combination of slowing supply growth and easing demand […]

Oil slips on higher US crude stocks, easing Middle East tensions

*Oil prices Singapore — Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators. Brent […]

bp enlists Audubon Engineering to construct Kaskida FPU offshore U.S. Gulf of Mexico

(WO) – Audubon Engineering Company, a provider of engineering, procurement, and construction (EPC) solutions, has been awarded a contract by bp for its Kaskida project offshore U.S. Gulf of Mexico. Audubon will complete […]

bp enlists Audubon Engineering to construct Kaskida FPU offshore U.S. Gulf of Mexico

(WO) – Audubon Engineering Company, a provider of engineering, procurement, and construction (EPC) solutions, has been awarded a contract by bp for its Kaskida project offshore U.S. Gulf of Mexico. Audubon will complete […]

Bright oil future bolsters bonds for Suriname as TotalEnergies develops highly-anticipated deepwater drilling sites

(Bloomberg) – Anticipation of an oil windfall is making debt from Suriname, a tiny South American nation, one of the best performers in emerging markets this year. Source: TotalEnergies Bonds have jumped 3 […]