*President Bola Tinubu Lagos — Nigeria’s state energy company should sell off assets including stakes in oil blocks to raise billions of dollars, a report prepared for the country’s new president proposes. The Nigerian National […]
*Nikolai Shulginov, Russia’s Energy Minister Moscow — Russia’s energy minister Nikolai Shulginov said on Friday that there was enough gasoline to meet Russian domestic demand, downplaying the possibility of restrictions on exporting the fuel. Last […]
*US rig count News wire — U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row for the first time since July 2020, […]
*Oil prices – China’s May refinery runs hit second-highest total on record– Potential supply deficit in focus as OPEC+ cuts kick in– Russia says ‘realistic’ for oil prices to reach $80/bbl– Bank of England expected […]
*A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf. REUTERS/Raheb Homavandi – Iranian oil output holds at 3 million bpd – source– Crude exports exceed 1.5 million […]
…Pushes Libya to second place *Oil production Lagos — The Organization of the Petroleum Exporting Countries, OPEC, says Nigeria’s oil production increased by 185,000 barrels per day, bpd, to 1.184 million bpd in May 2023. […]
With the renewed interest in the exploitation of the remaining North Sea oil and gas reserves, Amarinth has secured another major order, this time for API 610 12th Edition OH2 horizontal centrifugal pumps. The produced […]
*Roger Brown, Seplat Chief Executive Officer Lagos — Seplat Energy says the Ministry of Interior and the Nigeria Immigration Service, NIS, have restored the working permit, combined expatriate residence permit and aliens card, CERPAC, and […]
*Wael Sawan, Shell’s Chief Executive Officer. London — Shell (SHEL.L) will ramp up dividends and share buybacks while keeping oil output steady into 2030 as part of CEO Wael Sawan’s efforts to regain investor confidence […]
…Renders fishermen jobless *Oil-polluted River Mkpoikana Udoma Port Harcourt — Over 300 registered fishermen have been rendered jobless following a fresh oil spill from a facility operated by the Shell Petroleum Development Company of Nigeria […]
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