Chinese Shipbuilder Gets VLCC Design Approval-in-Principle from RINA Shanghai Waigaoqiao Shipbuilding (SWS) has received approval in principle from RINA for its design of a Very Large Crude Carrier (VLCC) that uses liquified natural gas (LNG) and hydrogen as fuel. According to a joint statement from SWS and RINA, the vessel’s propulsion system will reduce ship resistance by…
Russia to End Oil Shipment to Countries Implementing Price Cap Moscow on Tuesday issued a decree banning oil export to countries and companies that comply with a price cap imposed by Western nations in response to Moscow’s offensive in Ukraine. “The supply of Russian oil and oil products to foreign legal entities and individuals is…
PE Energy Group Commissions Nigeria’s First HIPPS Recertification Facility In line with Nigeria’s energy transition plan to attain zero routine gas flaring by 2035 and the nation’s increasing efforts to improve local participation in the oil and gas value chain, PE Energy has commissioned the nation’s first fully equipped facility for the full overhaul, maintenance,…
Laser Engineering Establishes Laboratories for Testing, Quality Control As part of efforts by the Nigerian Content Development and Monitoring Board, (NCDMB) to increase indigenous capacities, capabilities and competencies in the oil and gas industry, the Executive Secretary, Engr. Simbi Kesiye Wabote recently commissioned a block of Quality Control and Assurance Laboratories christened, Nigerian Content Laboratories…
Navy Scores Self-High on Anti-Crude Oil Theft, Others in 2022 The Nigerian Navy has scored itself high on the generality of its operations in 2022, such as anti-crude oil theft, fleet renewal, rescue mission, infrastructural development, revamping and overhaul of gunboats, amongst others. The Commander, Nigerian Navy Ship, NNS Pathfinder, Commodore Suleiman Ibrahim, said the…
Oil Rises on Tight U.S. Stocks as Winter Blast Hits Oil prices climbed for a fourth straight day to hit their highest in two and a half weeks on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States. Brent crude futures were 32…
Russia, Iran, Pump $20bn in New Trade Route to Evade Sanctions Russia and Iran, which have grown closer in recent years, have joined forces to avoid Western sanctions on their exports by building a new waterway-railway route from Russia-occupied territories in Ukraine to the Islamic Republic’s southernmost ports. Russia and Iran, united by their increasingly…
We will pull gas market out of Netherlands if price cap sustains – ICE cautions Intercontinental Exchange has warned the European Union that it might withdraw its gas trading market from the Netherlands if it goes ahead with its plan to impose a price cap. The ominous threat came as tensions among EU ministers rose…
Corruption Accusations Could Threaten Gas Deals, Qatar Warns EU Qatar has condemned Belgium’s corruption investigation and the suspension of the Gulf state’s access to the EU parliament, saying it could “harm” relations and natural gas supplies. A Qatari diplomat issued a statement criticising Belgian authorities and claiming that “inaccurate” information was used. Eva Kaili, a…
NCDMB, Waltersmith Notch Wien’s Gender Diversity Award Leading gender capacity advocacy group, Women in Energy Network has awarded the Nigerian Content Development and Monitoring Board (NCDMB) AND Waltersmith Petroman its prestigious gender diversity awards. WIEN named the NCDMB the Most Gender Inclusive Agency in 2022 at its premier end-of-year party and award night, where it…