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UK’s Serious Fraud Office charges two former Petrofac executives with bribery

*Petrofac office London — Britain’s Serious Fraud Office said on Friday that it had charged two former executives of oilfield services provider Petrofac, Marwan Chedid and George Salibi, with bribery. The SFO alleges that they […]

Niger Delta CDCs seek EFCC’s intervention against oil theft

*Illegal crude oil refining activity. Mkpoikana Udoma Port Harcourt — The Community Development Committees of Niger Delta’s oil and gas producing communities, have called for a more direct intervention of the Economic and Financial Crimes […]

Nigeria limits oil firms’ FX transfers from crude oil

*A view of Central Bank of Nigeria headquarters next to National. Ecumenical Centre in Abuja, Nigeria November 23, 2021. REUTERS/Afolabi Sotunde. Abuja — Nigeria’s central bank has set a limit on foreign currency transfers from […]

UK petrochemicals sector contributes over £7.3bn in revenues

*Sarens Petrochemical. – Employs more than 15,800 people Lagos — According to the research ‘Chemical Product Manufacturing in the UK 2024-2029’ by consultancy Ibisworld, the UK petrochemicals sector will maintain its growth through 2024, contributing […]

Shell to deepen investments in deepwater, gas, renewables

*L-R: CEO, Aftrac Limited and Founding Member and VP Upstream, Women in Energy Network (WIEN), Patricia Simon-Hart; Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Elohor Aiboni; Managing Director & Chief Executive, TotalEnergies […]

NUPRC engages TotalEnergies on deep offshore development

*The NUPRE CEO, Engr. Gbenga Komolafe (left), and TotalEnergies Nigeria MD, Mr Mathieu Bouyer Oritsegbubemi Omatseyin Lagos — Efforts at advancing Nigeria’s deep offshore exploration and production took centre stage at an engagement between the […]

NSCDC impounds tanker with 45,000 litres of AGO

*NSCDC Mkpoikana Udoma Port Harcourt — The Nigerian Security and Civil Defense Corps, NSCDC, says it has impounded a truck laden with 45,000 litres of suspected illegally refined Automotive Gas Oil, AGO, popularly known as diesel, […]

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OPEC sticks to oil demand view, sees better economic growth

*The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC’s headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger – Sticks to 2024 oil demand growth forecast of 2.25 […]

Aramco shareholders to decide on selling more shares in 2024

Dubai — Shareholders will decide if Saudi state-oil giant Aramco will sell more shares in 2024, CEO Amin Nasser said on Monday. He added that Aramco has adequate spare capacity of about three million barrels […]

NNPC celebrates 14,000bpd production from Akpo West field

Oritsegbubemi Omatseyin Lagos — In line with the move to optimise production from the nation’s oil and gas assets, the Nigerian National Petroleum Company Limited, NNPC, has announced the successful commencement of oil production from the […]