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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 […]

Oil set for weekly gain on U.S. economic growth

*Oil prices – Mideast supply concerns Houston/Beijing — Oil prices eased on Friday but were set for their biggest weekly gain since October as positive U.S. economic growth and signs of Chinese stimulus boosted fuel […]

NUPRC collaborates with Climate Clean Air Coalition

– For methane mitigation Oritsegbubemi Omatseyin Nigeria is poised to receive substantial support in its endeavor to mitigate methane emissions originating from the oil and gas sector, through a collaboration between the Nigerian Upstream Petroleum […]

Navy uncovers five illegal refineries in Ondo

Naval personnel destroying a drum used for illegal crude oil refinery operations. Eunice Imo Kalu Lagos — The Nigerian Navy Forward Operating Base, Igbokoda, said it had discovered five illegal refineries in some communities in […]

Tullow Oil to deliver $600m free cash flow over next 2 years

*Tullow Oil Plc. Bengaluru — West Africa-focused Tullow Oil (TLW.L), opens new tab said on Wednesday it was on track to deliver about $600 million free cash flow over the next two years to achieve […]