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Shell lost 11,000bpd to oil theft- GM

The General Manager, External relations, Shell Petroleum Development Company, (SPDC) Mr. Igo Weli has revealed that over 11,000 barrels per day,(bpd) was lost to oil theft in 2018.

Egypt to build $8.5bn petrochemicals complex

Egypt’s Ministry of Petroleum and Mineral Resources has revealed plans to construct a new refinery and petrochemicals complex in the Al-Alamein region with investments of about $8.5 billion.

Non-OPEC supply growth may hinder OPEC plans

The International Energy Agency's June Oil Market Report has revealed that the Organization of Petroleum Exporting Countries (OPEC) will have a tough job keeping a balanced oil market next year. The agency believes that the tighter oil market of the OPEC countries in the second half of this year will result in a surge of oil production from…

Crude oil reserves suffer fall

The Organisation of Petroleum Exporting Countries (OPEC) in its recent report has revealed that Nigeria suffered a fall in its crude oil reserves in 2018. The organization’s Annual Statistical Bulletin for 2019 shared that the nation’s reserves, which was 37.453 billion barrels in 2017, fell by 481 million barrels to 36.972 in 2018. This…

Uganda is learning from Nigeria – PAU

The Manager, National Content, Petroleum Authority of Uganda (PAU), Mrs. Betty Namubiru, has revealed that her country is impressed with Nigeria’s oil and gas industry regulatory activities. She also shared that her country is taking lessons from the Department of Petroleum Resources (DPR). She said this at her agency’s visit to the DPR…

ExxonMobil subsidiary seeks contractors for revamp work

Mobil Producing Nigeria (MPN), an ExxonMobil subsidiary has called for “Competent and qualified” turnkey contractors to take part in a platform revamping process. The subsidiary said engineering, procurement, construction, and installation players are needed for its Production Platforms Restoration projects. A pre-qualification process has…

Glencore puts Chad oilfields up for sale

Mining and trading giant, Glencore has put its oilfields in Chad up for sale. This is coming after a retreat from its foray into oil production following asset write-downs over the past decade.

Chevron bemoans oil theft in Nigeria

Chevron Nigeria has bemoaned the spate of oil theft, illegal oil refining, and pipeline vandalism. The oil major believes the actions are threats to Nigeria’s economy. The company shared this in a position paper presented at a one-day seminar on advocacy against crude oil theft in Warri, Delta State. It said the challenges have continued to make…
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