Libya’s National Oil Corporation (NOC), Mustafa Sanalla, said that the NOC needs to remain independent from the country’s political struggles. He said that he categorically refused to allow the NOC to be used to settle any political issue. The NOC was constantly striving to achieve its national goals and to play its economic role to
Russia’s Rosneft signed a cooperation agreement with Fleet Energy and Fleetliner Energy for supplying gas to Egyptian industry, Egypt Oil & Gas reports. The deal was signed by Rosneft representative Didier Casimiro and President of Fleet Energy Group Essam Kafafi. The signing was attended by Rosneft CEO, Igor Sechin. This comes as the Egyptian cabinet had approved in
Powergas Nigeria, a domestic Compressed Natural Gas (CNG) Distribution Company and European Technologies for Africa (ETEFA)- an Austrian green technology company, are investing in the development of CNG as an alternate fuel for mass-transit and haulage sector in the country. To commence the pilot project of employing “One City Bus and One Truck” initiative, the
The Guardian has disclosed plans to organise an Oil & Gas Roundtable and Awards on June 23, 2018.The event would hold at the Eko Hotel & Suites, Victoria Island, Lagos from 5:00p.m. The theme of the roundtable is: “Driving Sustainable Gas to Power Initiatives in Nigeria: Challenges and Opportunities.” It would feature a keynote presentation and panel
The Federal Government still depends on International Oil Companies, IOCs, to know the exact volume of oil and gas exported to the global market. Chairman, Experts Advisory Panel, Nigeria Natural Resource Charter, NNRC, Mr. Odein Ajumogobia, who made this known at a workshop to consider outstanding remediation issues on Nigerian Extractive Industries Transparency Initiative, NEITI,
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