By Irina Slav South Sudan has resumed production from the Toma South oilfield, Reuters reports, quoting the Oil Minister of neighbor Sudan, Azhari Abdulqader. Production at the field was suspended in 2013 amid Sudan’s bloody civil war. The field is producing at a rate of 20,000 bpd, adding to South Sudan’s overall daily average of…
The Federal Government has not ordered international oil companies (IOCs) to relocate their head offices to Niger Delta, according to a source in the presidency. The clarification follows reports in the media that the government may have resolved to have the headquarters of the oil majors in the oil-rich region. The top source told The…
By Nick Cunningham Mexico will likely halt oil auctions for at least two years, dealing a blow to its oil industry. Mexico’s president-elect Andres Manuel Lopez Obrador (AMLO) will reportedly suspend oil auctions for at least two years, according to the Wall Street Journal, with some experts believing that his administration won’t hold any new…
The National Bureau of Statistics (NBS), said 165.71 million litres of Liquefied Petroleum Gas (LPG) was imported into the country in the second quarter. The NBS disclosed this in its “Petroleum Products Importation and Consumption (Truck Out): LPG (Q2 2018)” report released on Sunday in Abuja. According to the report, April recorded the highest volumes…
By Robert Rapier There are indications that lower gas prices is around the corner. Fall arrives next month. Along with it comes relief from the heat, and usually at the gasoline pump as well. It isn’t simply that demand for gasoline drops after summer driving season. Gasoline is also cheaper to produce after summer, for reasons…
By Energy Worth Members of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) have passed a vote of confidence on President Muhammadu Buhari for ensuring fuel availability, especially during the just celebrated Muslim festivities. Speaking with newsmen over the weekend, the pioneer National President of the Association, Chief (Dr.) Kolawole Adewoyin…
By Energy Worth The United States’ monthly crude oil import from Nigeria has fallen below 3.0 million barrels for the first time in more than two years, dropping by 62%. The decline in the country’s appetite for Nigerian crude followed the upsurge in its production of the commodity. The latest data from the US Energy…
By Energy Worth The Edo State Government has warned owners of illegal structures under and within the statutory right of way of the Transmission Company of Nigeria (TCN) in the state to remove such structures, as the government intends to enforce appropriate sanctions against defaulters. In a statement signed by the Commissioner for Physical Planning…
By Tsvetana Paraskova The second-largest oil field in Syria, the Tanak field in the oil-rich Deir Ezzor region, is operational again, nearly a year after U.S.-backed predominantly Kurdish forces recaptured the field from ISIS, Syrian news outlet Zaman Al Wasl reported on Friday, showing satellite images of the field. The Tanak field, which hosts around…
By Tsvetana Paraskova At least four tankers loaded with ultra-low-sulfur diesel (ULSD) en route from the U.S Gulf Coast to Europe abruptly changed course this week to Brazil, following a fire at a 415,000-bpd refinery of state oil firm Petrobras on Monday, S&P Global Platts trade flow data showed on Friday. On Monday, a fire…
