• April 24, 2025
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Buhari to Commission Dangote Refinery May 22

Buhari to Commission Dangote Refinery May 22

May 7, 2023

The federal government’s efforts to make the country self-sufficient in crude oil refining to save scarce foreign cash utilised in petroleum product importation have received a boost as the 650,000 barrels per day capacity has been reached. President Muhammadu Buhari will inaugurate the Dangote Refinery, the world’s largest single-train refinery, on May 22. A source […]Read More

NNPC, Norway’s Golar sign agreement on floating LNG plant

NNPC, Norway’s Golar sign agreement on floating LNG plant

April 27, 2023

Nigeria’s state oil company, NNPC Ltd, announced late Wednesday that it had signed a memorandum of understanding with Golar LNG of Norway to build a floating liquefied natural gas plant in the country. Nigeria, Africa’s largest oil producer, has some of the world’s largest gas reserves and is looking for investment to boost domestic supplies […]Read More

Exxon Declares Force Majeure on Nigerian Oil Lifting

Exxon Declares Force Majeure on Nigerian Oil Lifting

April 17, 2023

ExxonMobil Corp units in Nigeria have declared force majeure over oil shipments from several terminals in the country after industrial action, a spokesman for one of the companies told Bloomberg. Three units of the US major have declared a milestone allowing them to waive contractual obligations due to events beyond their control, a spokesman for […]Read More

Shell Cancels Singapore Base Oil Plant Plans

Shell Cancels Singapore Base Oil Plant Plans

April 7, 2023

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

GasLog and GasLog Partners Enter Merger Agreement

GasLog and GasLog Partners Enter Merger Agreement

April 7, 2023

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

Oil Producers Under OPEC Alliance To Slash Output By 1.16m From May

Oil Producers Under OPEC Alliance To Slash Output By 1.16m

April 2, 2023

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 Resigns as Minister of State for Petroleum

Timipre Sylva Resigns as Minister of State for Petroleum

March 30, 2023

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

Seplat CEO, Roger Brown Steps Aside After Court Order

Seplat CEO, Roger Brown Steps Aside After Court Order

March 10, 2023

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

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