Following disruptions of the oil flows on the pipeline feeding the Forcados terminal in Nigeria, the facility faces more than two weeks of delays of oil cargo loadings, and no official June or July loading schedules have been released yet, trading sources told Platts on Tuesday. The flow of crude oil to the Forcados terminal is
Egypt’s production of natural gas increased by around 20.64% year-on-year (YoY), reaching 3.437 million tons in March 2018 compared to 2.849 million tons in March 2017, Egypt Oil & Gas reports. Statistics published by the Central Agency for Public Mobilization and Statistics (CAPMAS) reveal that consumption of natural gas in Egypt rose by around 9.3%
Dana Gas will start drilling the first exploratory well at Block 6 of the Mediterranean North Arish concession before the end of 2018, Amwal Al Ghad reported. North Arish is the first offshore concession to be operated by Dana Gas, and is located in the East Nile Delta concession area. The North Arish concession has promising potential
Russia’s Rosneft signed a deal with the Ghana National Petroleum Corporation for an annual delivery of 1.7 million tons of LNG. The volumes will be regasified at GNPC’s processing capacities in the port of Tema where the company is developing an LNG import terminal. Rosneft gas supplies will cover a quarter of Ghana’s energy demand
Libyan protesters shut down on Wednesday the eastern Raguba oilfield which had 5,000 barrels per day (bpd) of crude production feeding Brega port, said a spokesman for the owner, state-run Sirte Oil. The protesters had been threatening to shut down oilfields and pipelines passing through their remote home region of Marada unless authorities improve state
The Nigerian National Petroleum Corporation (NNPC) has said that it is working on the right strategies to remain in business for a long time. The Group Managing Director of the corporation, Maikanti Baru, who spoke at the NNPC first quarter 2018 top management steering committee meeting in Abuja at the weekend, said in order to operate as
The Nigerian National Petroleum Corporation (NNPC) would begin retailing of petroleum products across markets in the Economic Community of West African States (ECOWAS) in the next two years. NNPC Group Managing Director, Maikanti Baru, who rebranded key downstream subsidiaries of the group yesterday, in Abuja, said the company would own 30 per cent market share
For seven straight years, the US has pumped more oil and gas out of the ground than any other country. That lead will only widen, states the US Energy Information Administration (EIA). The independent energy statistical agency describes the US as “the undisputed oil and gas leader in the world over the next several decades.” It
The oil production expected to start in the Albertine region by 2020 is projected to create over 160,000 jobs, Caroline Korutaro, a senior petroleum engineer in the Directorate of Petroleum at the Ministry of Energy and Mineral Development has said. Korutaro said of jobs created, about 60% will be for petroleum engineers, geologists, oil researchers
The pump price of fuel has been increasing from D42 to D45.50 per litre in October 2017, despite a 40 percent decrease in price of crude oil at the time as acknowledged by the Minister of Transport. It was further increased to D48.16 in December 2017 and now it is being sold over D50 per