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Nigeria seeks to resolve disputed OPL 245 oilfield issues

*Heineken Lokpobiri. – Denies criminal liability Abuja — Nigeria wants to resolve outstanding issues around the disputed OPL 245 oil block as it seeks to attract investment to its oil and gas industry and has […]

Mideast conflict remains growing risk for energy markets -J.P. Morgan

JP Morgan Chase News wire — J.P. Morgan on Tuesday said that the growing conflict in the Middle East remains a growing risk for energy markets. Recent attacks on vessels in the Red Sea by […]

Asia to dominate global refinery alkylation capacity additions

Lagos — Asia is set to witness the highest refinery alkylation capacity additions among all the regions between 2024 and 2028, contributing about 48% of the total global capacity additions by 2028, says GlobalData, a […]

NNPCL denies not making remittances to federation account

*Headquarters of the Nigerian National Petroleum Company Limited, Central Business District, Garki, Abuja. – To publish audited financial statement soon Mkpoikana Udoma Port Harcourt — The Nigerian National Petroleum Company Limited, NNPC Ltd. has denied […]

Shell Nigeria’s onshore asset sale signpost unclear new era

– Niger Delta blighted by oil theft, pollution, vandalism– Shell latest Western company to exit the Delta– Local firms seen stepping up, investing more Lagos/London — Shell’s exit from Nigeria’s onshore oil sector highlights risks […]

India to lead refinery alkylation capacity additions in Asia by 2028

*Shell’s Pulau Bukom refinery, Singapore Lagos — India is expected to lead Asia’s refinery alkylation unit capacity additions, contributing about 31% of the region’s total alkylation capacity additions between 2024 and 2028, says GlobalData, a […]

Reps Committee to collaborate with the military over oil theft

*Two barges spotted in the creeks of the Niger Delta suspected of involvement in crude oil theft in Nigeria. Mkpoikana Udoma Port Harcourt — The House of Representatives’ Special Committee on Oil Theft says it […]

News

Shell to shut down German oil refinery

Shell said it will convert the site’s hydrocracker unit into a production unit for Group III base oils, used mostly in engines, with capacity of about 300,000 metric tons a year, equivalent to about 9% […]

More US energy deals likely in 2024 in wave of consolidation

The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to pop up in the next two years. However, as a […]

Russia will use alternative routes if no gas transit deal extension with Ukraine

The current five-year agreement between Moscow and Kyiv about Russian gas transit to Europe expires in the end of 2024. Speaking to reporters at a daily conference call, Peskov also said that the logistic chains […]