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OPDS airstrikes eight illegal refining sites in Rivers

*Nigeria Air Force destroys illegal refining sites in Rivers State. Mkpoikana Udoma Port Harcourt — The air component of Operation Delta Safe, says it has carried out reconnaissance missions along Shell-operated Kolo Creek Trunkline and […]

Occidental explores $3.6 billion sale of CrownRock Permian stake to Colombia’s EcoPetrol

(Bloomberg) – Occidental Petroleum Corp. is exploring selling a 30% ownership stake in its recent Permian basin acquisition to EcoPetrol SA for $3.6 billion, the company said Friday in a government filing. Depending […]

NNPC Ltd, industry players, security agencies unite to curb oil theft

*GCEO of NNPC Ltd., Mr. Mele Kyari and other stakeholders in Port Harcourt on Wednesday. Mkpoikana Udoma Port Harcourt — In a significant move to tackle the menace of crude oil theft and pipeline vandalism […]

133 Alberta wildfires threaten 500,000 bpd of Canadian oil sands production

(Bloomberg) – A flareup of wildfires in Alberta is threatening as much as half a million bpd of oil sands production, with MEG Energy Corp becoming the latest company to evacuate workers. About […]

TechnipFMC secures “large” subsea contract worth up to $1 billion for Katlan project in Mediterranean Sea

(WO) — TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Energean for its Katlan offshore development in the Mediterranean Sea. According to an online statement, the contract is […]

Expert hails Nigeria’s $21m metering project

*Personnel of the OPDS inspecting impounded boats suspected of involvement in crude oil theft Mkpoikana Udoma Port Harcourt — An energy expert, Dr. Joseph Obele, has commended the federal government’s approval of a $21 million […]

Tinubu lauds Eni over planned new investment in Nigeria

*President Bola Tinubu, flanked by the Chief Executive Officer of Eni, Mr. Claudio Descalzi, and the Minister of State for Petroleum Resources (Oil) Sen. Heineken Lokpobiri. Mkpoikana Udoma Port Harcourt — President Bola Tinubu has […]

News

OPEC+ will stick to oil production hike plan as upcoming meeting, delegates report

Grant Smith, Fiona MacDonald, Salma El Wardany and Ben Bartenstein, Bloomberg July 18, 2024 (Bloomberg) – OPEC+ delegates expect the group’s monitoring session next month to be routine, making […]

BOURBON to reduce vessel emissions with fleet monitoring optimization in Opsealog digitalization partnership

(WO) – Enhanced fleet monitoring and data-driven optimization will be deployed across BOURBON’s global Marine & Logistics fleet of 104 vessels to boost efficiency and reduce greenhouse gas (GHG) emissions, under a new strategic partnership […]

Tinubu seeks partnerships on in-country manufacturing, oil & gas

*President Bola Tinubu hosts the Ambassadors of Portugal, Vietnam and Kuwait, seeks enhanced economic ties. Mkpoikana Udoma Port Harcourt — In a move aimed at boosting Nigeria’s economic growth, President Bola Tinubu on Thursday called […]