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Sonangol finalises July term allocations for crude

May 22, 2019

Angolan state oil company Sonangol has finalised its allocations of July-loading crude to term buyers, traders said on Tuesday. Two cargoes of June-loading crude are left to sell, a trader said. Sonangol has allocated all of its July-loading cargoes to term buyers and still has a cargo of Mostarda available, a trader said, which is…

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EDF and BBOXX partner to power Togolese village

May 21, 2019

Abla Ogodo used to walk 10 kilometres to fetch water for her family. Now that a new well in her own village runs on solar power, she does not have to go anywhere. A UK-based power company called BBOXX, in partnership with France’s EDF Group, has launched a program to power the entire village of…

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Shearwater awarded Woodside seismic acquisition project off Senegal

May 21, 2019

Shearwater GeoServices has announced the award of a high-density multi-azimuth 3D seismic acquisition contract over the SNE field offshore Senegal by Woodside Energy in its capacity as Operator of the SNE Field Development Joint Venture. The contract covers the Sangomar, Sangomar Deep and Rufisque Offshore blocks, which include the SNE discovery. The work, designed as high density and multi-azimuth survey, will…

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Fire breaks out at Trans Forcados pipeline

May 21, 2019

Fire has occurred at a spill site along the Trans Forcados Pipine within the Chanomi Creeks in Yeye community of Burutu Local Government Area of Delta. Mr Sylvester Okoh, General Manager Community Relations, Heritage Energy Operational Services Limited, operator of the crude pipeline, confirmed the incident in Warri on Monday. According to Okoh, “at about…

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Counterfeit lubricants a major problem in Nigeria – 11 Plc GM

May 21, 2019

The General Manager Lubes, 11Plc, Umesh Malik, Monday maintained that counterfeit lubricant remains the greatest challenge plaguing the industry. This is coming even as the company officially unveiled it Mobil Super 1000 and 2000 peel and win promo 2.0 in Lagos, targeted at rewarding its customers across the country. Speaking during the launch, Malik said:…

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Nigerian July crude programmes begin to emerge

May 21, 2019

Traders have begun to receive new Nigerian loading programmes for July. Around 20 June loading cargoes of Nigerian crude were still available while the key July programmes began to emerge. Loadings of Nigeria’s Qua Iboe will fall 27 percent in July to 184,000 barrels per day down from 253,000 bpd in June. Loadings of other…

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Discos require over N3trn in 5 years to boost power supply in Nigeria – Report

May 21, 2019

The 11 power distribution companies (DISCOs) in Nigeria on Monday said they need a minimum of $10 billion (about N3.07trillion) investments to boost their services over the next five years. The operators stated this at a one-day conference in Abuja held to appraise challenges in the country’s power sector. They said the estimates followed an…

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Powergas Nigeria Speaks On Alternative Power Solution For South-East Nigeria

May 21, 2019

Early last week, Powergas Nigeria joined Manufacturers Association of Nigeria (MAN), key industry champions & other experts in Nigeria’s gas sector, to look at innovative ways in confronting the epileptic power situation in the region. Manufacturers in that region will continue to bleed billions of Naira if the lingering poor power situation in the country…

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Libya’s warring factions putting 95% of country’s oil production at risk – NOC boss

May 20, 2019

Armed conflict between groups vying for control of Libya is putting the country’s lifeblood oil and gas industry at risk of almost total collapse, just as production is beginning to recover from years of war, the head of the country’s state oil company said Saturday. Libya is currently pumping almost 1.3 million b/d, National Oil…

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Kachikwu optimistic OPEC+ oil supply cut pact will be extended

May 20, 2019

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday said in Jeddah, Saudi Arabia, that he hoped the crude oil supply cut agreement between the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members would be extended until the end of 2019. OPEC, Russia and other non-OPEC producers, an alliance known as OPEC+,…

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