Category: Oil & Gas
Dangote Refinery diesel price is too cheap, petroleum marketers complained to Tinubu
As a result of this poor local patronage, the refinery exports most of its diesel and aviation fuel.
Oil and gas giants’ annual revenue jumps 9% to over $2.5trn
According to data presented by AltIndex.com, the world`s ten largest oil and gas companies have grossed over $2.5 trillion in the 12 months leading up to July 2024, or 9% more than in the same period a year before.
$3.5b LNG: Shell accuses Venture Global of alleged wrongful earnings as NLNG faces same offence
Shell’s claim was based on a study commissioned by Compass Lexicon consultancy, which aimed to determine the extra revenue Venture Global had seemingly wrongfully earned by denying certain European customers their contracted cargoes.
Why NNPC may not lift petrol from Dangote Refinery on Sunday
“Dangote has not briefed us nor has the committee set up by the Federal Government reverted to us on what had been agreed.
Experts advocate sustained oil, gas production with emissions-cutting measures
Habib opined that oil and gas would remain key drivers of the global economy for at least the next 50 years.
Lokpobiri hails Oando’s $783m acquisition of NAOC
Lokpobiri praised the company’s foresight in reshaping the industry’s narrative, where Nigerian companies were now competing with international oil companies, IOCs.
CNOOC Limited announces another major breakthrough in ultra-deepwater natural gas exploration
The success of this well has, for the first time, revealed the enormous potential of carbonate rocks in China’s ultra-deep waters.
NNPC Ltd/Chevron JV concludes conversion of assets into PIA terms
The PIA terms are generally perceived as more investor-friendly, compared to the erstwhile PPTA terms.
Nigeria licenses first floating LNG plant for export and domestic use
Nigeria has more than 209 trillion cubic feet of gas reserves but loses over $1 billion in annual revenue due to gas flaring, government estimates show.
NNPC conditions: Dangote refinery may dump local market, export petrol
The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel unless it was cheaper than that of the international market.