A $12m LPG plant being established in Ikuru Town in Rivers State by Green Energy International Limited, operator of Otakikpo Marginal field in OML 11, would be ready for installation by the second quarter of 2019. On the 12 million standard cubic feet per day LPG plant, the Chairman, Green Energy, Prof. Anthony Adegbulugbe, said… READ MORE
South Africa’s Standard Bank Group Ltd encouraged Brazilian engineering and construction firms recently to explore African opportunities, such as the world’s largest liquid natural gas projects in Mozambique. While incoming President-elect Jair Bolsonaro says he will focus on relations with advanced economies, Standard Bank is betting on Brazilian companies needing to diversify abroad to recover… READ MORE
Domestic gas consumption in Nigeria has witnessed a recent increase from 390,000 to 490,000 metric tons with a potential of hitting 500,000 milestone in the near future. This was disclosed by Dr Folashade Yemi-Esan, the Permanent Secretary, Ministry of Petroleum Resources in Calabar on Tuesday while delivering a speech at the Technical Meeting of Officers… READ MORE
Shell’s geoscientists have put a figure on the company’s recent gas and condensate discoveries, made in the course of a drilling campaign onshore Eastern Nigeria. The company encountered 1.5Trillion cubic feet of gas and 42 Million barrels of condensate, in shallow and deep reservoirs. The revelation came in the course of several technical sessions at… READ MORE
South Africa will introduce new oil and gas laws after elections next year, Mineral Resources Minister Gwede Mantashe said. “We will make sure that it will be one of the first laws to be processed in the new parliament after the elections,” he said in Cape Town on Thursday. The process of approval of exploration… READ MORE
Nigeria’s state-owned oil company, Nigerian National Petroleum Commission (NNPC) is seeking new funding options that will enable operators in the country’s oil and gas industry to increase exploration to 40 billion barrels reserves and 3 million barrels a day production by 2020. The Group Managing Director of NNPC, Dr Maikanti Baru said the operators have been… READ MORE
Chairman, Green Energy International Ltd., Prof. Anthony Adegbulugbe, has said marginal oil field producers in Africa must leverage unique opportunities in the oil and gas business to survive. Adegbulugbe, who spoke at the African Marginal & Independent Oil and Gas Producers Conference, in London, argued that marginal oil producers holds significant promise for the robust participation of skilled… READ MORE
As part of its strategic aspirations to drive maximum value from Nigeria’s abundant , the Group Managing Director of Nigerian National Petroleum Corporation, Dr. Mailkanti Kacalla Baru, has said the Federal Government was targeting 10 percent of the world’s market share in traded Liquefied National Gas (LNG). Baru, who stated this at NNPC Special Day… READ MORE
In India, Indonesia, China, parts of Africa and developing nations around the world, many women are spending hours every day cooking over flames fueled by wood, charcoal, animal dung or kerosene. In order to feed themselves and their families, they are exposed to deadly air pollutants produced by these fuels. According to the World Health Organization… READ MORE
Throughout the summer, we monitor inventory builds very carefully and provide data and analysis in our daily reports. By this time of year, we usually start monitoring heating degree-days and only report on the inventory data when the Weekly Petroleum Status Report from the Energy Information Administration is released. We typically make the switch when… READ MORE