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CATEGORY

Energy

Energy

Drydocks World begins production on Nigeria’s Lekki SPM Project

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Drydocks World Dubai, the service provider to the marine, offshore, oil, gas and renewable energy sectors, recently held a steel-cutting ceremony to commence production...
Energy

Nigeria Oil Union Accuses Chevron of Planning to Sack 600 Workers

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The Petroleum and Natural Gas Senior Staff Association of Nigeria said on Friday that it will resist the plan by Chevron Nigeria Limited to...
Energy

Total to Replace Paris Refinery With Clean-Fuel, Plastic Plants

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Total SE, will stop oil refining in the Paris region and spend more than 500 million euros ($582 million) by 2024 replacing its facility...
Energy

Oil has Best Week Since June on Saudi Actions to Defend Market

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Saudi Arabia’s warning to OPEC+ cheaters helped oil prices stage their biggest weekly rally since June, despite a grim start to the week as...
Energy

Oil-Demand May Never Return to Pre Covid-19 Levels – BP

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Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on Monday BP Plc said in a report...
Energy

Petrol Subsidy Removal to save Nigeria N1trillion a Year

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Nigeria expects to save as much as N1 trillion naira ($2.6 billion) a year after it abolished petrol subsidy paid to guarantee cheap gasoline...
Energy

Nigeria Asks for $1.1bn Advance From Eni, Shell in OPL 245 Case

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Nigeria asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for...
Energy

Nigeria Gets Relief to Pursue P&ID Appeal over $10bn Judgement

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Nigeria has secured a victory in its pursuit to overturn a $10 billion judgement awarded against it in a case against Process and Industrial...
Energy

BUA Group, Axens of France Sign Agreement on 200,000bpd Integrated Refinery, Petrochemical Plant

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BUA Group, one of Africa’s leading Foods, Mining, and Infrastructure Conglomerates has signed an agreement with Axens of France for the supply of process...
Energy

Waltersmith to Start Nigeria Mini-Refinery in September

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Waltersmith Petroman Oil Ltd., a Nigerian independent producer, will open a 5,000-barrel a day capacity modular refinery next month. The company, Nigeria’s first producer from...
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