China August Refinery Output Near 2-Year Lows On Outages China’s refinery crude throughput remained near two-year lows in August due to outages at several state refiners and independent plants which curbed production amid thinning margins and tepid demand. Refiners processed 53.66 million tonnes of crude oil last month, 6.5% less than a year earlier, according…
SNEPCo harps on safety ahead of Bonga Turnaround Maintenance …provides free medical eyecare to 2000 Lagosians Nigeria’s premier deep-water oil and gas exploration and production company, Shell Nigeria Exploration, and production Company Limited (SNEPCo), says the scheduled turnaround maintenance of its offshore Bonga asset would be defined by safety as top priority. SNEPCo’s Managing…
NCDMB partners Shell, Total to upgrade GTC PH to Centre of Excellence The Nigerian Content Development and Monitoring Board (NCDMB) is collaborating with Shell Petroleum Development Company (SPDC) and Total Energies Ltd to transform Government Technical College (GTC), Port Harcourt, Rivers State into a center of excellence for the training of craftsmen who will support…
Shell Set to Resume TNP Pipeline Test Shell Petroleum Development Company of Nigeria Limited (SPDC) is planning to resume the testing of its main trunkline, the Trans Niger Pipeline (TNP). A competent source, who pleaded anonymity, confirmed the development to the News Agency of Nigeria on Wednesday in Lagos. NAN reports that the TNP takes crude from production…
Nigeria signs LOI to drop agricultural emissions by 74m tonnes in 8 years The Federal Government has recently signed a letter of intent with the United States to drop emissions from the agriculture sector by 74 million tonnes by 2030. During the meeting between FG officials and US Special Envoy on Climate Chane, John Kerry,…
Onshore Crude Oil Inventories Are Collapsing At Fast Rate – Report An energy and environmental geo-analytics company, Kayrros has stated in its latest report shared by Rigzone that onshore crude inventories have been tightening and look like they are at an inflection point. Kayrros noted in its report quoted by Rigzone that the slow trend…
Europe Might Slide Into Recession, EU Seeks $140bn Energy Subsidy For Consumers Amid the global energy crisis triggered by the sanctions on Russia amid its invasion of Ukraine, Europe risks a recession as multiple reports note the manufacturing and services’ sectors were regressing. The S&P Global Eurozone Composite Output Index, a measure of economic productivity…
US Permian Basin Set to Produce Record Oil Output The United States Energy Information Administration just disclosed in its latest report that crude oil production in the Permian Basin was set to hit a record high in October. The EIA’s Drilling Productivity Report revealed that the region would be adding 60,000 barrels per day, raising…
1000 Cross River Youths Graduate From NCDMB GSM Training Leave a Comment / Press Releases / By ncdmb The Nigerian Content Development and Monitoring Board (NCDMB) has successfully completed the training of 1000 Cross River State youths on GSM phone repairs, hardware, software & entrepreneurship development under its Youth Empowerment Programme. The training was held in three locations across the state, namely Calabar, Ikom and Ogoja and is the sixth in the seriesorganised…
Global Oil and Gas Exploration Shrinks as Companies Shift Focus to Lower-risk in Core Assets and Regions Global oil and gas exploration is set to shrink this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to recover from the effects of the Covid-19 pandemic…