Ministry drops Nassiriya Integrated Project
Iraq will rely on a newly formed state oil company to develop the Nassiriya oil field, leaving only the nearby refinery project for investors, ending more than six years of Continue Reading
Niger Delta Militants List Key Oil Assets Targeted for Destruction
A Coalition of Niger Delta Agitators yesterday listed a number of oil fields and installations as targets for resumed attacks if Federal Government failed to address specific grievances agitating the Continue Reading
Nigeria: Total’s 200,000 B/D Capacity Egina FPSO Arrives Nigeria
The Nigerian National Petroleum Corporation (NNPC), Total Upstream Nigeria Limited, (TUPNI) and her partners yesterday announced the arrival of the Egina Floating, Production, Storage and Offloading unit (FPSO) to the Continue Reading
Nigeria: Total Achieves U.S.$603 Million Cost Savings On Egina Field Project
The 200,000 barrels per day Egina oil project which encompasses a 330 metre long Floating Production Storage and Offloading (FPSO) platform designed to process oil from the field from December Continue Reading
Nigeria: Construction of Greenfield Refineries in Kano, Kaduna to Commence Soon – Baru
The construction of Greenfield refineries will commence this year in Kano and Kaduna, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said. Baru Continue Reading
Venezuela’s presidential battle begins, Maduro favorite
Venezuela’s presidential election race has begun with favorite and incumbent Nicolas Maduro signaling a nationalist, “anti-Trump” campaign while his demoralized foes scramble to find a viable candidate for a vote Continue Reading
China barely exports any oil products to North Korea in December: customs
China exported no oil products to North Korea in December except for a tiny cargo of jet fuel, data showed on Thursday, the latest sign that Beijing has kept up Continue Reading
Study: air pollution may shorten telomeres in newborns—a sign of increased health risks
A study conducted before and after the 2004 closure of a coal-burning power plant in Tongliang, China, found that children born before the closure had shorter telomeres than those conceived Continue Reading
Oil imports by China could lead to zero-sum game
One of the assumptions most observers of the crude oil market make is that China will continue to be the engine of global demand growth, thereby providing underlying support to Continue Reading
Baker Hughes reports mixed performance amid uncertain market
The performance for drilling services company Baker Hughes was mixed and the market was still uncertain, despite a hike in oil prices, its CEO said Wednesday. Baker Hughes, now a Continue Reading