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China, Nigeria to lead global refining industry capacity from 2019 to 2023

A new report reveals that China and Nigeria are expected to be the major contributors to the global refining industry capacity growth between 2019 and 2023. According to the report by GlobalData, a leading data and analytics company, the projects planned and announced by the two countries for the five-year period show the duo will take the lead

Uganda, Tanzania closer to constructing East Africa pipeline

The governments of Uganda and Tanzania have agreed to sign the Host Government Agreement (HGA) for the East Africa crude oil pipeline construction by the end of June 2019. Ministers from both countries have engaged in prolonged discussions and negotiations before the agreement was finally reached recently. According to Daily News, The HGA

Japan seeks to strengthen energy cooperation with Russia

Japan seeks to strengthen ties with Russia to ensure security of energy supply amid growing uncertainties on the global oil market and does not see U.S. sanctions on Moscow as an obstacle to boosting cooperation. Supply and demand may slacken due to economic slowdown or tighten with increased US sanctions against Iran leading to uncertainty in

Drilling rig pipe connection process

A drilling rig pipe connection requires a lot of concentration, precision and swiftness. Roughnecks always ensure to handle with utmost care and attention. Learn more in this video by Calculated Risks films. [youtube]

South Sudan partners Africa Energy Chamber to strengthen hydrocarbon sector

South Sudan Ministry of Petroleum recently partnered with Africa Energy Chamber for a technical assistance cooperation agreement to strengthen its capacity to manage its hydrocarbon sector and wealth. This collaboration is coming after several years of civil struggles affecting the sector despite having the longest petroleum industry experience

U.S. challenges court ruling that blocked major pipeline project

The TransCanada Corp. $8 billion Keystone XL crude pipeline project since inception has faced staunch opposition from environmental groups and landowners and has been blocked. The U.S. Government has, however, challenged a federal court in Montana’s ruling that blocked the pipeline. According to Bloomberg, the U.S. State Department and

Saudi Arabia to build oil refinery, plant in South Africa

Saudi Arabia hopes to build an oil refinery and a petrochemical plant in South Africa. This was disclosed by Saudi Energy Minister, Khalid Al-Falih, who said it was part of a $10billion investment in the country. He said that they had reached an agreement as they met with South Africa’s energy minister, Jeff Radebe, and that Saudi oil would

Egypt to invest $9bn in refineries upgrade

Egypt’s Petroleum Minister, Tarek El Molla has disclosed that the country hopes to upgrade six of its oil refineries. According to the minister, the project would cost about $9 billion over four years so as to boost domestic oil production to at least 41 million tonnes a year. He stated that the aim was to secure crude oil supplies for

Ghana to construct major facility to transport Sankofa gas

Ghana aims to resume the construction of an infrastructure needed to transport natural gas from the offshore Sankofa field for processing onshore. Although, the project has lingered costing Ghanaians a lot of money, the country aims to complete the work soon. Ghana’s Head of Communications, Ministry of Energy, Nana Kofi Damoah, told the

Audit shows increase in Saudi Arabia’s crude oil reserves

Saudi Arabia recorded a considerable rise in its crude oil reserves after an independent external audit carried on its state oil company, Saudi Aramco. The audit puts the country on top as it had its oil and gas reserves at around 268.5 billion barrels of oil and 325.1 trillion standard cubic feet of gas as of the end of 2017. Saudi Energy
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