Asia’s Oil Market Torrid Amid Iran Sanctions and Mega-Refineries

by  Bloomberg Javier Blas Monday, September 24, 2018   "Refiners will have to buy whatever crude they can get their hands on," said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. (Bloomberg) -- When the Navarin, an oil supertanker carrying 2 million barrels of Middle East crude, docks at the Malaysian port of …

$11 Trillion Needed in Oil Sector to 2040 by  Andreas Exarheas Rigzone Staff Monday, September 24, 2018   In the period to 2040, the required global oil sector investment is estimated at $11 trillion. In the period to 2040, the required global oil sector investment is estimated at $11 trillion. That’s according to the latest …

Return of $100 Oil Seen by Top Traders by  Bloomberg Javier Blas, Heesu Lee, Alfred Cang and Dan Murtau Monday, September 24, 2018   Major oil trading houses are predicting the return of $100 crude for the first time since 2014. (Bloomberg) -- Major oil trading houses are predicting the return of $100 crude for …

TO PAY INTO THE NIGERIA CONTENT DEVELOPMENT FUND

PAYMENT METHODS NAIRA PAYMENT: 1.Visit www.remita.net and click on ”Pay FGN and state TSA” menu. 2. Select Nigerian Content Developement and Monitoring Board (NCDMB) under ”Name of MDA” menu. 3. Select ”1 Percent CONTRACT PROCEED” as the ”Name of service/Purpose. 4. Click on ”click here to generate a sample upload file” to download a sample format. 5. …

Why We Resort to Contractor-Financing of Pipeline Projects – Baru

The Nigerian National Petroleum Corporation (NNPC) has explained why it has resorted to contractor-financing of its pipeline and other facilities development in recent times in the Industry. Delivering the Keynote speech at the Nigerian International Pipeline Technology and Security Conference (NIPITECS 2018) Tuesday in Abuja, the NNPC Group Managing Director, Dr. Maikanti Baru, stated that …

NNPC Close to Wrapping Up Funding Arrangements on AKK Gas Project

The Nigerian National Petroleum Corporation (NNPC) said it was wrapping up funding arrangements on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project. Group Managing Director of NNPC, Dr. Maikanti Baru, who disclosed this while speaking at the Nigerian Day during the 30th edition of Gas Technology Conference in Barcelona, Spain, Tuesday, explained that tremendous progress was recorded towards …

NNPC Records ₦17.16bn Trading Surplus, Up 46%

The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, who disclosed this in a statement, said this was part of the highlight of the corporation’s Monthly Financial and Operations …

SDX Energy in Discussions to Acquire Egypt Asset Package from BP

by  Andreas Exarheas Rigzone Staff Friday, September 21, 2018   SDX Energy confirms that it is in discussions for the acquisition of a 'significant package of assets' in Egypt from BP. North Africa focused oil and gas company SDX Energy Inc has confirmed that it is in discussions for the acquisition of a “significant package …

OPEC Squabbles Lose Relevance as Saudis and Russia Set the Agenda

by  Bloomberg James Herron and Rakteem Katakey Friday, September 21, 2018   OPEC and its allies seem poised for another contentious meeting in Algeria this weekend. (Bloomberg) -- OPEC and its allies seem poised for another contentious meeting in Algeria this weekend as Iran -- wounded by U.S. sanctions -- cries betrayal and threatens to …

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