Petrobras Suspends Key Asset Sales Brazilian national oil company Petroleo Brasileiro SA (NYSE:PBR), aka Petrobras, has halted the sale of key assets in a broad divestment process that was kicked off by Petrobras’ previous management under former President Jair Bolsonaro. The state-run firm has announced it will no longer sell the onshore Urucu and Bahia-Terra…
India: Oil Imports from Russia Fell in August India’s crude oil imports from sanctioned Russia fell in August to a seven-month low, according to Kpler and Refinitiv data. India’s refiners reduced their crude oil intake from Russia partially due to routine refinery maintenance—but also due to decreased discounts on Russian grades. Meanwhile, India’s crude oil…
Russia to Divulge OPEC+ Deal Parameters Next Week Russia will disclose the details of the deal with OPEC+ next week, Russian Deputy Prime Minister Alexander Novak told President Vladimir Putin on Thursday, according to Reuters. Novak did not specify exactly which details would be disclosed. Putin asked Novak at a televised government meeting if…
Canada: Oil and Gas Industry Cuts Emissions While Boosting Output Canada’s oil and gas companies have managed to boost production from conventional resources while reducing carbon dioxide and methane emissions over the decade to 2021, the industry association CAPP has reported. Between 2012 and 2021, CAPP said, Canada’s oil and gas producers increased their total…
China Issues Larger-Than-Expected Fuel Export Quota China has issued a larger-than-expected fuel export quota in the third batch of allocations this year as authorities look to incentivize refiners to sustain economic growth and sell more product abroad at a time when China’s 2023 fuel demand may have peaked. Chinese refiners and traders are now allowed…
Aradel Holdings declares N35 dividends per share to shareholders Aradel Holdings Plc, an integrated indigenous energy company, listed on the NASD Exchange and the FMDQ, at its 28th Annual General Meeting (AGM), the first after it rebranded from Niger Delta Exploration & Production Plc, declared N35 dividends per share to its shareholders. The event held…
Crude Oil production increases to 1.6mbpd, as fuel consumption drops by 30%, says NNPCL Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has announced that oil production in Nigeria surged to 1.6 million barrels per day from the previous figure of less than one million bpd a few…
MICCOM CABLES- first indigenous cable manufacturing company in Nigeria Special Interview granted by Bukola Adubi, CEO MICCOM Cables and Wires- Local Content Television [embedyt] https://www.youtube.com/watch?v=qU8P_gtS0dU[/embedyt]
TWF Annual Assembly 2024 TWF 2nd Annual Conference and Exhibition on Materials Manufacturing Technologies-Managing Capacity Africa, will hold from 5-8 Mar, 2024 in Lagos, Nigeria (www.twfassembly2024.org) TWF Annual Assembly and Conferences is Africa’s table of solution to growing productivity in manufacturing that brings together scientists, engineers, industrialists and policy makers to interact, review and discuss…
MOMAN Announces Change of Leadership as Huub Stokman takes over as Chairman The Major Oil Marketers Association of Nigeria (MOMAN) today officially announced the conclusion of Olumide Adeosun’s tenure as the Chairman. Olumide Adeosun, the esteemed CEO of Ardova Plc and the outgoing Chairman of MOMAN, completed his term on August 31, 2023. Assuming the…