Friday, July 1, 2022

MAIRE TECNIMONT, ITALY SAYS IT’S NOT TIED UP WITH SAIPEM

Italian engineering group Maire Tecnimont said it was not part of any plan to tie up with struggling Saipem as top shareholders in...

LUNAR NEW YEAR REDUCES TRADING, CRASHES ASIAN LNG PRICES

ASIAN LNG PRICES FALL AS LUNAR NEW YEAR REDUCES TRADING
Asian spot liquefied natural gas (LNG) fell this week, tracking gas prices in Europe, amid muted demand from China as the Lunar...

PUTIN NAILS $117.5 BILLION DEAL WITH CHINA AMID TENSIONS WITH EUROPEAN...

PUTIN HAILS $117.5 BILLION OF CHINA DEALS AS RUSSIA SQUARES OFF WITH WEST
President Vladimir Putin unveiled new Russian oil and gas deals with China worth an estimated $117.5 billion on Friday, promising to ramp up...

WORRIES OVER SUPPLY FURTHER PUSHES OIL PRICES UP

GROUP DEMANDS PUBLICATION OF IDENTITY OF 2020 MARGINAL FIELD WINNERS
Oil prices edged higher on Thursday, maintaining their upward trajectory built on expectations that supply will tighten further even after OPEC+...

SHELL HIKES DIVIDEND, RAISES BUYBACKS AS 2021 SPURS HUGE PROFIT

SHELL'S RENEWABLES BOSS STEPS DOWN AFTER LESS THAN TWO YEARS
Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by...

POTENTIAL OF GAS REMAINS PROMISING AMIDST POLICY CHANGES

POTENTIAL OF GAS REMAINS PROMISING AMIDST POLICY CHANGES
As the world takes decisive steps on climate change, the ensuing policy changes and their effect on the world’s fastest growing fossil...

SAUDI ARAMCO PLANS A $50 BILLION STAKE SALE OF FRESH SHARE...

Saudi Aramco expects about 2 bcf/day in gas from Jafurah field, CEO says
Saudi Arabia is planning to list more shares in Aramco and is targeting a stake sale of as much as $50 billion, the Wall...

SHELL’S BONGA FIELD SUFFER 2 YEARS DELAY

Nigeria’s anticipation to further grow its crude production is being stalled by delay in realizing development of Bonga field by Shell.

NMDPRA LAUDS SHELL’S INVESTMENT IN NIGERIA GAS INFRASTRUCTURE

NMDPRA APPLAUDS SHELL FOR INVESTING IN NIGERIA GAS INFRASTRUCTURE
Leading energy company, Shell Nigeria Gas, SNG, has received accolades from industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for deliberate...

GEOPOLITICS, SUPPLY SPUR BIGGEST MONTHLY GAIN IN ALMOST A YEAR

SUPPLY, GEOPOLITICS PUT OIL ON TRACK FOR BIGGEST MONTHLY GAIN IN ALMOST A YEAR
Oil prices were on track for their biggest monthly gain in almost a year on Monday, boosted by a supply shortage...

CHEVRON Q4 ADJUSTED EARNING STOOD AT $5.1BN

CHEVRON POSTS $5.1BN Q4 ADJUSTED EARNING
Fourth quarter earnings from refining were $760 million, down from the $1.31 billion in the third quarter but up from a loss of $338 million a year ago.

COMMUNITY THREATEN NLNG TRAIN 7

“This Train 7 is coming from Ekpeye so it is expedient for them to come and discuss with us because we will not allow any company to come to Ekpeye land to do the drilling without due consultation and involvement.

NIGERIA’S JANUARY PRODUCTION, SHORT OF OPEC QUOTA

NIGERIA PUMPS BELOW OPEC JANUARY QUOTA
Nigeria has consistently pumped below its allocated quota in the ongoing OPEC+ cuts, as a document obtained on Tuesday from the...

WIKE BLAMES DELAYS IN VAT DISPUTE RESOLUTION ON SUPREME COURT

SUPREME COURT DELAYING RESOLUTION OF VAT DISPUTE, SAYS WIKE
Governor Nyesom Wike of Rivers State is blaming the Supreme Court for the delay in resolving the legal dispute over the...

ILLEGAL OIL BUNKERING: WIKE FAULTS FG ON COMPLICITY OF SECURITY AGENCIES

WIKE BLAMES FG'S INABILITY TO TACKLE ILLEGAL OIL BUNKERING ON COMPLICITY OF SECURITY AGENCIES
Rivers State governor, Nyesom Ezenwo Wike has blamed the failure of the Federal Government to rein in those engaged in illegal...

FUEL TRANSPORTERS RECEIVE N22.7BN CLAIMS FROM FEDERAL GOVERNMENT

FEDERAL GOVERNMENT PAYS N22.7BN CLAIMS TO FUEL TRANSPORTERS
The Federal Government said it has paid bridging claims amounting to N22.7bn to the Nigerian Midstream and Downstream Petroleum Regulatory Authority,...

CHEAPER COAL MAY FORCE EUROPEAN GAS DEMAND DOWN THIS YEAR –...

EUROPEAN GAS DEMAND SEEN FALLING THIS YEAR DUE TO CHEAPER COAL-IEA
 European gas demand is expected to decline this year as continued high prices make coal more competitive for power generation, while...

EQUINOR SAYS NORWAY LNG PLANT FACES FURTHER RESTART DELAY

NORWAY LNG PLANT RESTART FACES NEW DELAY IN BLOW TO EUROPE'S GAS SUPPLY
Norway’s Hammerfest LNG plant faces a further delay to restarting production after a fire in 2020, operator Equinor said on Monday,...

GLOBAL ECONOMIC RECOVERY: GAS CONSUMPTION ROSE 4.6% IN 2021

Economic Recovery Boosts Global Gas Consumption By 4.6% In 2021
Global natural gas consumption rose by 4.6 per cent in 2021, more than double the decline seen in the gas market in 2020.

VENEZUELA: OUTPUT BOUNCES AS SMUGGLED COLOMBIAN GASOLINE THRIVES

SMUGGLED COLOMBIAN GASOLINE FLOWS SLOW AS VENEZUELAN OUTPUT BOUNCES
Venezuela’s once comatose oil industry has been stirring lately, and so has a black market in some states for domestic gasoline...
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