The United States gas is under threat as a trade war with China escalates. Stephen Stapczynski writes. China may target American liquefied natural gas in retaliation for a fresh round of duties announced Monday by the U.S. While the Asian nation last month said it was considering a 25% tariff on the fuel, it hadn’t…
CNOOC Limited announced today the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project has commenced production. Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project is located in south central Bohai Sea, 216 kilometers northwest from Tanggu and 80 kilometers southeast from Penglai city. The average water depth of the oilfield is 27 to 33 meters. The project…
The Nigerian National Petroleum Corporation (NNPC) said it was wrapping up funding arrangements on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project. Group Managing Director of NNPC, Dr. Maikanti Baru, who disclosed this while speaking at the Nigerian Day during the 30th edition of Gas Technology Conference in Barcelona, Spain, Tuesday, explained that tremendous progress was recorded…
The Dubai Electricity and Water Authority (DEWA) has formed a strategic partnership with Berkeley Artificial Intelligence Research (BAIR) Lab, in bids to supporting the UAE’s Artificial Intelligence Strategy. This partnership is part of DEWA’s continuous cooperation with the University of California, Berkeley. This comes after the signing of a Memorandum of Understanding (MoU) by HE…
By Irina Slav After API’s latest surprise inventory build pressured oil prices, the Energy Information Administration cheered the market up by refuting the build and reporting instead yet another weekly draw, of 2.1 million barrels for the week to September 14. Last week, the authority estimated crude oil inventories had fallen by another 5.3 million…
FISHERMEN of the oil-rich Ogoni ethnic nationality, Rivers State, have raised the alarm that oil has taken over their rivers, causing fishes and crabs to run away. The anglers spoke at Ogoni Freedom Centre in Bori, Khana Local Government Area of the state, when Health of Mother Earth Foundation and other Non-Governmental Organisations held a…
By Tsvetana Paraskova Brazil’s state-run oil firm Petrobras plans to shave another US$10 billion off its huge net debt and increase oil production by as much as 10 percent to 2.3 million bpd in 2019, chief financial officer Rafael Grisolia told Reuters in an interview published on Monday. Petrobras benefited from the rising oil prices…
Nigeria LNG CEO Tony Attah says timing is critical to the success of its planned Train 7 project, Craig Guthrie writes. Nigeria LNG’s efforts to fund the expansion of its LNG export plant on Bonny Island will be a test of the company’s hard-won financial credibility and determination to distance itself from political interference. The depth…
By Ian Lewis Floating LNG developers are seeking to build on the momentum created by successful deployments The successful deployment of Golar LNG’s Hilli Episeyo floating liquefied natural gas (FLNG) facility off Cameroon gives hope that further investment can now be enticed to a sector that has suffered its fair share of teething problems. Hilli…
The National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N2,05.14 in August from N2,01.45 recorded in July. The NBS disclosed this in its August 2018 “Liquefied Petroleum Gas (Cooking Gas) Price Watch” released in Abuja on Friday. According to…
