7th Summit of GECF Heads of State and Government set for Algiers, March 2024 The Gas Exporting Countries Forum (GECF) marked a significant step towards its flagship event, the 7th Summit of Heads of State and Government, by convening the 4th High-Level Ad-Hoc Working Group (HLAHWG) meeting recently at the GECF Secretariat. This gathering sets…
Ukraine Retakes Oil and Gas Platforms off Crimea from Russia Ukraine said on Monday its forces had retaken oil and gas platforms offshore Crimea which Russia had occupied in 2015. “The so-called Boyka Towers are oil and gas drilling platforms off the coast of Crimea in the Black Sea, and Ukraine has regained control over…
U.S., Brent Crude Futures Fall By 1 USD a Barrel on Stronger Dollar U.S. and Brent crude oil futures fell on Thursday by $1 a barrel on a stronger dollar and expectations of weaker international demand. Brent crude futures fell $1.00, or 1.11%, to $86.60 a barrel by 1:03 p.m. EDT (1603 GMT), while U.S….
Seplat to Partner NCDMB on Human Capital Development Independent oil firm, Seplat Energy Plc has announced plans to partner with the Nigerian Content Development and Monitoring Board, NCDMB in the area of human capital development as well as establishment of skills acquisition centres in the country. Chief Executive Officer of Seplat Energy Plc, Mr. Roger…
NNPC Not Against Sale of Share of Nigerian Agip Oil Company Ltd to Oando The Nigerian National Petroleum Company Ltd (NNPCL) through its Chief Corporate Communication Officer (CCCO), Garba Deen Mohammad, has brought to the notice of the public, a routine communication in the form of a letter written by NNPC E&P Limited (NEPL) to…
Shell Streamlines Prelude LNG Maintenance to Take Advantage of Winter Demand Shell has abandoned plans to have its floating LNG production platform Prelude offshore Australia out for a year for a major overhaul and has chosen instead for a quicker maintenance period of several months, as it looks to take advantage of strong gas demand,…
Oil Falls On Concerns about China, Winter Demand Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China outweighed expectations of tighter supplies from extended production cuts in Saudi Arabia and Russia. Brent crude futures fell 36 cents to $90.24 a barrel…
India Seeks More Natural Gas to End Blackouts India is seeking additional volumes of natural gas and has asked utilities to expedite completion of power plant maintenance, as part of emergency steps to stop electricity outages, according to a government note seen by Reuters. The power ministry is advising states to expedite commissioning of all…
Oil Gains On Supply Woes after OPEC+ Output Cuts Oil prices ticked up in early Asian trade on Wednesday after rising over 1% in the previous session, as markets worried about a supply shortage after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year. Brent crude futures rose by…
Hyde Energy Rebrands Lubricant Bottle and Labels, Restates Commitment to Innovation Nigeria’s leading indigenous energy trading company, Hyde Energy Limited, has announced the rebranding of its Luminor ZM5 20-W50SL range of lubricants. Retaining the same quality, the more attractive new look is one of the company’s commitments to continuous innovation. Luminor ZM5 20-W50SL, a mineral-based…