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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 …
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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 …
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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 …
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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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Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the UN Climate Change Conference (COP 23/CMP 13/CMA 1-2), 16 November 2017, Bonn, Germany. Mr. President, Excellencies, ladies and gentlemen, On behalf of OPEC, I would like to offer our deep appreciation to the Government of Fiji, the city of Bonn, and the UNFCCC Secretariat, …
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OPEC Bulletin Commentary August-September 2018 The ‘poetic voice’ of man is not one commonly associated with the global political economy, economic activities or the oil industry. But often it reveals ‘truths’ that other modes of expression are unable to transmit — and one of those truths is that all spheres of human activity emerge from …
Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the Africa Oil and Power Conference, 5 September 2018, Cape Town, South Africa. Excellencies, distinguished delegates, ladies and gentlemen, It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…..it was the season of …
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The upcoming projects landscape for the medium-term (2016–2021) for OPEC Member Countries’ downstream sector is affected by two factors: the lifting of international sanctions on Iran, and the return of Gabon to the Organization. A significant number of new investments are set to occur in OPEC Member Countries. Almost 8 mb/d, of potential refining projects …
Vienna, Austria, 20 September 2018--The price of OPEC basket of fifteen crudes stood at $77.06 a barrel on Wednesday, compared with $76.09 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), …
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Bloomberg Anthony DiPaola OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces 'headwinds,' the head of the organization said. (Bloomberg) -- OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces “headwinds,” the head of the organization said. …
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