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Tags: Forcados

Pan Ocean to unveil 160,000 bopd alternate oil export pipeline

Pan Ocean to unveil 160,000 bopd alternate oil export pipeline

Pan Ocean Oil Corporation, operator of the Nigerian National Petroleum Corporation (NNPC) Pan Ocean Joint Venture is set to unveil the 67-kilometre 160,000 barrels of oil per day Amukpe-Escravos Pipeline Project (AEPP) in Delta State. The unveiling, which is scheduled to come on stream before the end of the second quarter of 2019, will further… READ MORE

Nigerian Crude Cargos boosted by Gasoline cracks in Europe

Nigerian Crude Cargos boosted by Gasoline cracks in Europe

Nigerian crude cargoes have received some support from favourable refining margins in Europe. Around 15-20 Nigerian cargoes remained for May loading. Major Nigerian grades Bonny Light and Qua Iboe continued to be indicated at or above a $2.00 premium compared to dated Brent, which buyers have been reluctant to meet for weeks. But Nigerian light… READ MORE

OPEC Production Spikes – Has The Cheating Begun?

OPEC Production Spikes – Has The Cheating Begun?

OPEC’s crude oil production increased by 270,000 bpd in May over April, to stand at 32.12 million bpd–the highest level since January this year–as exempt Libya and Nigeria saw their respective output sharply recovering, according to an S&P Global Platts survey. Despite the high compliance from the cartel’s biggest producer and de facto leader Saudi… READ MORE