By Eyo Nsima Oil prices have bounced back to almost $70 per barrel over measures adopted by the Organisation of Petroleum Exporting Countries, OPEC to achieve stability in the volatile market. Specifically, the prices of Brent, often utilized to benchmark other prices shoot up to $69.55 per barrel from $67 recorded Monday this week. Others, […]
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OIL MARKET: Prices bounce back to almost $70 per barrel over OPEC cut By Eyo Nsima Oil prices have bounced back to almost $70 per barrel over measures adopted by the Organisation of Petroleum Exporting Countries, OPEC to achieve stability in the volatile market. Specifically, the prices of Brent, often utilized to benchmark other prices
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ANGOLA: Total begins production from Zinia phase 2, developing Block 17 Total, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency, announce the start of production from Zinia Phase 2 short-cycle project, connected to existing Pazflor’s FPSO (Floating Production, Storage, and Offloading unit). The project includes the drilling
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OPEC Daily Basket – May 5, 2021 OPEC daily basket price stood at $68.20 a barrel Wednesday, 5 May 2021, compared with $66.67 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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The Hanwha Total Petrochemical (HTC) joint venture1 is commissioning a new polypropylene line at the Daesan integrated refining and petrochemical complex in South Korea, adding a further 60% to its production capacity, which now totals 1.1 million tons a year. At the same time, the start up of a fourth propane furnace will increase ethylene
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Total realizes France’s first bunkering LNG operation By OUR CORRESPONDENT Total has realized the first ship-to-containership Liquefied Natural Gas (LNG) bunkering operation in France. The world’s largest LNG bunker vessel in operation, Total’s Gas Agility¸ has completed on Friday evening, April 30th, at the Port of Dunkirk the refueling of the world’s largest containership powered
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Asharami Energy achieves 1.8 million LTI-free Man-Hours, promotes responsible engineering Asharami Energy, a Sahara Group Upstream Company, has achieved 1, 852,052 man-hours without Lost Time Injury (LTI) across operations driven by responsible engineering and unwavering commitment to global occupational safety and health (OSH) standards. This feat represents LTI-free man-hours over 873 days of
DPR TV programme returns May 3, 2021 The Department of Petroleum Resources (DPR) says its television programme will return to the screen from Monday, May 3, 2021. A statement issued on Monday in Lagos by Mr Paul Osu, Head, Public Affairs, DPR, said the programme will be aired on all Nigeria Television Authority ( NTA)
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By Eyo Nsima The Department of Petroleum Resources (DPR) has said it will continue to guarantee investments, enable participation and authorise activities in the Nigeria oil and gas industry. The regulator added that it was working in alignment with the aspirations of the government to provide energy security for the nation and create jobs for
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Tanker ARIN struck the Buraiqa oil pier at Misrata port, Libya, in the evening April 29, 2021 while berthing, according to FleetMon. It stated: “Pier was severely damaged and partially destroyed, tanker seemingly, sustained dents, probably a gash. She arrived from Tobruk Libya, and as of May 1, remained berthed in port. Photos Ministry of
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