Shell has scrapped plans to establish a biofuel unit and a Group 2 base oil refinery in Singapore. The biofuel facility was designed to create 550,000 t/yr of SAF, HVO, and renewable chemicals utilizing renewable hydrogen and waste biofuel feedstocks such as discarded cooking oil and animal fats. It is uncertain how much Group 2 […]Read More
In response to the offer made public in January 2023, the parties have now formally agreed to the purchase of all outstanding common units of GasLog Partners that are not beneficially owned by GasLog. GasLog Partners will make a special cash distribution of $3.28 per common unit to the GasLog Partner’s unitholders in connection with […]Read More
Saudi Arabia and other OPEC+ oil producers unexpectedly cut oil production by more than 1.16 million barrels per day on Sunday. Analysts predicted an immediate price increase, and the United States deemed the action unwise. The pledges bring OPEC+’s total reductions, which include Russia and other allies, to 3.66 million bpd, or 3.7 percent of […]Read More
Timipre Sylva, Nigeria’s minister of state for petroleum, has resigned to run for governor of oil-producing Bayelsa State in the southern Niger Delta, ministry and presidency sources told Reuters on Thursday. Sylva’s resignation comes at a time when Nigeria is in the midst of a political transition, with President Muhammadu Buhari serving his final weeks […]Read More
Roger Brown, the Chief Executive Officer of Seplat Energy Plc, has stepped down in response to an order from a Federal High Court in Lagos. Brown will cease acting as CEO until the outcome of a lawsuit filed by disgruntled corporate stakeholders against him and others. The British national was accused of racism, partiality towards […]Read More
The price of aviation fuel has increased by 121.4 per cent to N620 per litre in June 2022, from N280 per litre in the corresponding period of 2021, due mainly to the rising price of crude oil in the international market. The price of crude, currently hovering at $128 per barrel, had stood at about […]Read More
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