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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% […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Ijaw youths kick against Shell’s onshore divestment
*Oil sheen can be seen on the waters in the creeks. Shell Petroleum Development Company onshore operations in the Niger Delta has become synonymous with crude oil spill and the resultant despoliation of the environment. […]
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NSCDC destroys four illegal refineries tapping crude from OML18
*Operatives of NSCDC in Rivers State destroy an illegal refinery in Cawthorne Channel. Mkpoikana Udoma Port Harcourt — The Nigerian Security and Civil Defence Corps, NSCDC, says it has dismantled and destroyed four illegal refineries within […]
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Coalition condemns Shell’s planned onshore divestment over ecological concerns
*Oil spills from Shell’s flowstation float on Diebu Creek Mkpoikana Udoma Port Harcourt — A coalition of civil society organisations has condemned Shell’s plan to sell its onshore assets in the Niger Delta, without addressing all […]