Archive for News analysis

Has UAE oil tanker been seized by Iran?

Has UAE oil tanker been seized by Iran?

July 16, 2019 No Comments

An oil tanker belonging to the United Arab Emirates has gone missing while sailing through the Strait of Hormuz, prompting fears it has been seized by Iran.   The Riah tanker was last tracked in the Strait around 11pm on Saturday when it suddenly slowed down and turned to face Iran, before it stopped transmitting data. US […]

Plains Midstream Canada announces Rangeland Pipeline Expansion

Plains Midstream Canada announces Rangeland Pipeline Expansion

July 16, 2019 No Comments

Plains Midstream Canada (PMC) announces a proposed expansion of its Rangeland crude oil pipeline system for additional delivery capacity both north to Edmonton, Alberta and south to the border at Carway, Alberta. This expansion is subject to receiving sufficient commitments from shippers and receipt of necessary permits and regulatory approvals, and will provide incremental takeaway […]

Trestakk on stream with estimated recoverable resources of 76 million barrels of oil.

Trestakk on stream with estimated recoverable resources of 76 million barrels of oil.

July 16, 2019 No Comments

Production from the Trestakk subsea field on Haltenbanken in the Norwegian Sea started on 16 July. Tied back to the Åsgard A floating production vessel, the field has estimated recoverable resources of 76 million barrels of oil. Field production started on time, below budget and without any serious incidents. “Together with our partners ExxonMobil and […]

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Atshan gas field to supply Obari power plant

Atshan gas field to supply Obari power plant

July 15, 2019 No Comments

The Board of Directors of National Oil Corporation (NOC) have approved Zallaf Oil & Gas Exploration and Production Company’s plans to expedite exploration at the Atshan gas field (NC210 and NC151), with a view to supplying natural gas to the Obari power plant located some 170 kilometres away. A feasibility study to further develop the […]

NNPC Pledges Closer Ties with Governors Forum

NNPC Pledges Closer Ties with Governors Forum

July 15, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to continuously work with the Nigerian Governors Forum (NGF) in order to grow crude oil production, renewable energy and generate more revenue for the country. A release today in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu stated that […]

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BP launches Couchfood™ in collaboration with Uber Eats in Australia

BP launches Couchfood™ in collaboration with Uber Eats in Australia

July 15, 2019 No Comments

BP announced in June that it is trialling home delivery from its petrol and convenience stores. Launching Couchfood™ (powered by BP), the new service is now available via Uber Eats. Available from stores across Australia, snackers can now enjoy their favourite snack food from the comfort of their couch. As more customers shop convenience, meals […]

The 2019 Global Multidimensional Poverty Index (MPI)

The 2019 Global Multidimensional Poverty Index (MPI)

July 12, 2019 No Comments

The 2019 global MPI data and publication ‘Illuminating Inequalities” released on 11 July 2019 sheds light on the number of people experiencing poverty at regional, national and subnational levels, revealing inequalities across countries and among the poor themselves. Jointly developed by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative […]

Nestoil Calls for Change in Energy Focus from Oil to Gas

Nestoil Calls for Change in Energy Focus from Oil to Gas

July 10, 2019 No Comments

Group Managing Director of Nestoil Group Dr Ernest Azudialu-Obiejesi has called on the Federal Government to invest more in gas infrastructure rather than crude oil, which according to him will continue to decline in long term economic value as the world continues to embrace cleaner forms of energy. Dr Azudialu who was speaking at the […]

ADNOC’s Al Dhafra Petroleum JV Celebrates First Oil Production from Haliba Field

ADNOC’s Al Dhafra Petroleum JV Celebrates First Oil Production from Haliba Field

July 10, 2019 No Comments

Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (ADNOC), the Korea National Oil Company (KNOC) and GS Energy, and one of ADNOC’s youngest operating companies, announced, today, it has begun producing crude oil from Abu Dhabi’s Haliba field and discovered potential resources in three new fields in its concession area. […]

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Kyari officially 19th GMD of NNPC

Kyari officially 19th GMD of NNPC

July 10, 2019 No Comments

The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) , Mallam Mele Kolo Kyari, has vowed to reverse the trend of petroleum products importation in the country by rehabilitating the existing refineries and encouraging private sector investment in the refineries sub-sector. Mele Kyari has explained how he hoped to end petroleum products […]

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