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NNPC Ltd, others partner on greenhouse gas reduction within OML34

*OML 34 facility. Mkpoikana Udoma Port Harcourt — The Nigerian National Petroleum Company Limited says it is working with the US Department of State’s Bureau of Energy Resources under the Energy and Mineral Governance Program, […]

NCDMB parleys Chevron, recommits to fast-track approval of oil industry projects

Oritsegbubemi Omatseyin Lagos — The Nigerian Content Development and Monitoring Board, NCDMB, has restated its commitment to accelerated approvals of requests and documents submitted by operating oil and gas companies for its approval. The goal is to […]

Tinubu, Atiku trade words over fuel subsidy, economic hardship

*Fuel dispenser nozzle. Mkpoikana Udoma Port Harcourt — Former Vice President Atiku Abubakar and President Bola Tinubu, have engaged in war of words over the biting economic hardship in the country, orchestrated by fuel subsidy […]

Indorama Petrochemicals dismisses allegation of abandoning injured worker

*Indorama Eleme Petrochemicals Limited Mkpoikana Udoma Port Harcourt — Indorama Eleme Petrochemicals Limited has dismissed the allegations of abandoning a contract worker, David Depreye, after suffering a workplace accident in December 2020. This is as […]

Investors withdraw Exxon climate proposal after court complaint

News wire — Activist shareholder group Follow This said on Friday it has withdrawn a climate resolution against Exxon Mobil after the oil giant sought to block the move through a Texas court. Exxon’s unusual […]

BP names Thomson as permanent CFO, wrapping up management revamp

News wire — BP on Friday named Kate Thomson as its permanent chief financial officer with immediate effect, completing a leadership reshuffle following Bernard Looney’s abrupt resignation as CEO in September. Thomson was appointed interim […]

TotalEnergies explores US, Europe renewable portfolio stake sale- sources

The French energy group is sounding out advisers for a sale of a stake in wind and solar power assets across the U.S., Spain, Portugal, France and Greece, the sources said. One of the sources […]

Oil gains after OPEC+ maintains output cuts

*OPEC+ barrel stock – Still heads for weekly losses Singapore — Oil prices rose on Friday following a decision by OPEC+ to keep its oil output policy unchanged, although benchmarks were headed for weekly losses […]

North America leads global long-term LNG contracts signed in 2023

*Long-Term-LNG-Contracts-Analysis-by-Export-Countries-2023. Lagos — North America has led globally in terms of the number of long-term contracts signed in 2023 for the export of liquified natural gas (LNG) with 21 contracts, according to GlobalData, a leading […]

OPEC oil output falls in January on new cuts, Libya

*OPEC+ – Output falls 410,000 bpd from December– December revised down to reflect Angola exit London — OPEC oil output in January registered the biggest monthly drop since July, a Reuters survey found, as several […]