Friday, 17 August 2018

Oil rises but set for weekly loss on concerns over trade row

Oil rises but set for weekly loss on concerns over trade row
17 August 2018, New York — Crude prices edged higher on Friday, but were heading for yet another weekly decline on worries that oversupply would weigh on the U. More »
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NNPC seeks clarification on proposed Petroleum Asset Management Company

NNPC seeks clarification on proposed Petroleum Asset Management Company
17 August 2018, Lagos -– The Nigerian National Petroleum Corporation (NNPC) on Thursday sought clarification on the funding structure of the proposed Nigerian Petroleum Asset Management Company (NPAMC) in the Petroleum Industry Governance Bill (PIGB). More »
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Panama, U.S. to sign pact to expand regional access to LNG

Panama, U.S. to sign pact to expand regional access to LNG
18 August 2018, Washington — Panama on Friday will sign an agreement with the U. More »
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Ijaw group urges Amnesty Coordinator to integrate ex-militants

Ijaw group urges Amnesty Coordinator to integrate ex-militants
Lucky Omas 17 August 2018, Sweetcrude, Warri, Delta State — The Coordinator of the Presidential Amnesty Programme, Professor Charles Dokubo has been urged to integrate a batch of ex-militants who were documented since 2011 by security agencies. More »
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NNPC pushes for sensitisation on Petroleum Industry Governance Bill

NNPC pushes for sensitisation on Petroleum Industry Governance Bill
OpeOluwani Akintayo 17 August 2018, Sweetcrude, Lagos — The Nigerian National Petroleum Corporation, NNPC, has called for the sensitization of the populace on the Petroleum Industry Governance Bill which is currently awaiting the assent of President Muhammadu Buhari. More »
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Global oilfield service sector to hit pre-downturn market levels by 2024

Global oilfield service sector to hit pre-downturn market levels by 2024
17 August 2018, London — Rystad Energy announced Friday that it expects the global oilfield service sector to be back at pre-downturn market levels by 2024. More »
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NNPC blames Discos for drop in power supply nationwide

NNPC blames Discos for drop in power supply nationwide
Ike Amos 17 August 2018, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation (NNPC) has blamed power distribution companies’ (DISCO) continuous load rejection for the recent drop in electricity generation and supply across the country. More »
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Again, Customs intercepts container with military wears in Rivers

Again, Customs intercepts container with military wears in Rivers
Mkpoikana Udoma 17 August 2018, Sweetcrude, Port Harcourt — The Nigerian Customs Service, NCS, has again intercepted a container laden with military camouflage uniforms and gears in Rivers State. More »
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World‘s Best Energy Brands pick finalists for annual CHARGE Awards

World‘s Best Energy Brands pick finalists for annual CHARGE Awards
*With rapid changes in the energy sector, the energy brands that thrive in the future will be the ones that can quickly and effectively adapt, and that convey their approach through exceptional branding. More »
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Germany to launch solar, wind tenders in October

Germany to launch solar, wind tenders in October
17 August 2018, News Wires — The German Federal Network Agency announced plans to hold wind and solar plant tenders on Oct. More »
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OPEC daily crude basket prices close at $69.47 per barrel

OPEC daily crude basket prices close at $69.47 per barrel
17 August 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fifteen crudes stood at $69. More »
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Workers to strike at three Total North Sea oil and gas platforms on Aug. 20 – union

Workers to strike at three Total North Sea oil and gas platforms on Aug. 20 – union
17 August 2018, London — Workers at three of French oil company Total’s North Sea oil and gas platforms will go ahead with a 24-hour strike on Monday despite holding talks with the company on Thursday in a dispute over pay and conditions, the Unite union said. More »
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Angola aims to boost oil output with new block sale agency

Angola aims to boost oil output with new block sale agency
17 August 2018, Luanda — Angola will launch next year a new agency to handle oil concessions, the government said on Thursday, as President João Lourenço pushes ahead with reforms aimed at boosting production in Africa’s second biggest oil industry. More »
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Ogoni clean-up: ERA urges govt to disband HYPREP

Ogoni clean-up: ERA urges govt to disband HYPREP
Mkpoikana Udoma 17 August 2018, Sweetcrude, Port Harcourt — The Environmental Rights Action/Friends of the Earth Nigeria has called on the Federal Government to the disband the Hydrocarbon Pollution Remediation Project, HYPREP, to pave the way for the clean-up of Ogoniland. More »
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Thursday, 16 August 2018

16 ships arrive Lagos ports with petrol, other products

16 ships arrive Lagos ports with petrol, other products
16 August 2018, Lagos — Sixteen ships carrying various products are at Apapa and Tin-Can Island ports waiting to berth, the Nigerian Ports Authority (NPA) said on Thursday in Lagos. More »
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DPR tasks depot owners on fire fighting trucks

DPR tasks depot owners on fire fighting trucks
16 August 2018, Warri —  The Department of Petroleum Resources (DPR) on Thursday said fire fighting truck would henceforth be part of the prerequisites for the renewal of the operational licences of depot owners. More »
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Total, Forte Oil equities drop

Total, Forte Oil equities drop
16 August 2018, Sweetcrude, Lagos — Total and Forte Oil saw a drop in equity prices at Thursday’s trading at the Nigerian Stock Exchange. More »
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Oil steadies but outlook for demand grows gloomy

Oil steadies but outlook for demand grows gloomy
16 August 2018, New York — Oil rose slightly as global markets steadied on Thursday, recovering some of the previous day’s 2 percent slide, though a weakening outlook for crude demand kept prices in check. More »
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Fuel markets confirm global growth slowdown – Kemp

Fuel markets confirm global growth slowdown – Kemp
16 August 2018, London — If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel, marine gasoil and jet fuel that play a central role in the freight transport system. More »
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Parts of Norway’s Mongstad oil refinery up and running -Equinor

Parts of Norway’s Mongstad oil refinery up and running -Equinor
16 August 2018, Oslo — Equinor’s oil and cogeneration plants at Norway’s Mongstad refinery are up and running, with more parts of the facility expected to restart during Thursday, the firm said. More »
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Japan steps up U.S. LPG purchases in fallout from Sino-U.S. trade conflict

Japan steps up U.S. LPG purchases in fallout from Sino-U.S. trade conflict
16 August 2018, Tokyo — Japanese utilities and industrial companies are snapping up U. More »
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Storm halts Oman’s Daleel Petroleum operations

Storm halts Oman’s Daleel Petroleum operations
16 August 2018, Dubai — Fourteen workers were injured in a storm that also halted operations at Daleel Petroleum’s block 5 in the Sultanate of Oman on Wednesday night, the company said on its website. More »
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Rain pours into Norway’s dams, securing winter power supply

Rain pours into Norway’s dams, securing winter power supply
16 August 2018, Oslo — Norway’s power supply, entirely dependent on hydroelectric dams, will be secure this winter, the energy regulator said on Thursday, as long-awaited rains have begun filling reservoirs. More »
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PIGB: Total pushes for dialogue, public hearings to solve concerns

PIGB: Total pushes for dialogue, public hearings to solve concerns
OpeOluwani Akintayo 16 August 2018, Sweetcrude, Lagos — Management of Total E&P Nigeria Ltd. More »
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OPEC daily crude basket prices close at $69.77 per barrel

OPEC daily crude basket prices close at $69.77 per barrel
16 August 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fifteen crudes stood at $69. More »
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Floating dockyard to save Nigeria N36bn annually – NIMASA

Floating dockyard to save Nigeria N36bn annually – NIMASA
Michael James 16 August 2018, Sweetcrude, Lagos — The multimillion-dollar floating Dockyard owned by the Nigerian Maritime Administration and Safety Agency (NIMASA) which arrived the country recently is said to save the Country millions of dollars in capital flight once operational. More »
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Oil companies make few bids in U.S. offshore lease auction

Oil companies make few bids in U.S. offshore lease auction
16 August 2018, News Wires — Oil companies bid on less than 1 percent of the parcels offered in a sweeping U. More »
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Russian miners explore payment schemes eschewing dollar

Russian miners explore payment schemes eschewing dollar
16 August 2018, News Wires — Two of Russia’s biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the U. More »
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NNPC to construct new 100,000b/d brownfield refinery in Port Harcourt, Warri

NNPC to construct new 100,000b/d brownfield refinery in Port Harcourt, Warri
OpeOluwani Akintayo 16 August 2018, Sweetcrude, Lagos — As part of its refinery collocation initiative designed to boost local refining capacity to end the era of petroleum products importation, the Nigerian National Petroleum Corporation, NNPC, has hinted of plans to establish a 100,000-barrels-per-day brownfield refinery each in Port-Harcourt and Warri refineries. More »
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TCN completes new Wudil substation, 60MVA transformer in Akure

TCN completes new Wudil substation, 60MVA transformer in Akure
Michael James 16 August 2018, Sweetcrude, Lagos — Transmission Company of Nigeria, TCN, has successfully completed a 30/40MVA 132/33kV transmission substation project in Wudil, Kano State and a brand new 60MVA 132/33kV power transformer in Akure, Ondo State. More »
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Rivers govt threatens to shut P’Harcourt refInery over unpaid tax

Rivers govt threatens to shut P’Harcourt refInery over unpaid tax
Mkpoikana Udoma 16 August 2018, Sweetcrude, Port Harcourt — The Rivers State Internal Revenue Services, has issued the Port Harcourt Refining Company, PHRC, 24 hours ultimatum to pay up taxes owed the state government or face sanctions. More »
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Wednesday, 15 August 2018

NSE trading: Total, Forte Oil record gains

NSE trading: Total, Forte Oil record gains
15 August 2018, Sweetcrude, Lagos — Total and Forte Oil recorded significant gains in Wednesday’s trading activities on the floor of the Nigerian Stock Exchange for energy companies. More »
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PTDF receives proposal to halt refining catalysts importation

PTDF receives proposal to halt refining catalysts importation
Ike Amos 15 August 2018, Sweetcrude, Abuja — The Petroleum Technology Development Fund, PTDF, Wednesday, said it had received proposals for projects that would see to the development of refining catalysts locally, using 100 percent local materials. More »
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Oil falls as U.S. crude inventories jump unexpectedly

15 August 2018, News Wires — Oil futures fell more than $2 a barrel on Wednesday after data showed U. More »
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U.S. crude stockpiles soar unexpectedly despite record refinery runs – EIA

U.S. crude stockpiles soar unexpectedly despite record refinery runs – EIA
15 August 2018, News Wires — U. More »
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New fuel rules push shipowners to go green with LNG

New fuel rules push shipowners to go green with LNG
15 August 2018, News Wires — Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refuelling facilities in the shipping industry’s biggest shake-up in decades. More »
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Equinor says effort to restart Mongstad refinery continues

Equinor says effort to restart Mongstad refinery continues
15 August 2018, News Wires — Work to restart Norway’s Mongstad oil refinery will continue throughout the evening on Wednesday, following a power outage that shut the facility earlier in the day, operator Equinor said. More »
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Some Russian ships stop cargoes to Ukraine after tanker detained – sources

Some Russian ships stop cargoes to Ukraine after tanker detained – sources
15 August 2018, News Wires — Some Russian ships have stopped transporting cargo to Ukraine, deeming it risky after a Russian tanker was detained in a Ukrainian port as Kiev made good on sanctions against Moscow, two sources at shipowners said. More »
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Chinese oil importers shun U.S. crude despite tariff reversal

Chinese oil importers shun U.S. crude despite tariff reversal
15 August 2018, Singapore — Chinese oil importers are shying away from buying U. More »
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Ex-Presidential aid expresses concern over volume of stolen crude oil

Ex-Presidential aid expresses concern over volume of stolen crude oil
Vincent Toritseju 15 August 2018, Sweetcrude, Lagos — A FORMER senior Special Assistant to ex-President Goodluck Jonathan on maritime matters, Leke Oyewole has expressed concern over the volume of Nigeria’s crude oil illegally taken to neighbouring countries saying that “the rate our crude oil land in these countries is worrisome”. More »
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What would a ‘no-deal’ Brexit mean for the UK oil and gas

What would a ‘no-deal’ Brexit mean for the UK oil and gas
Professor Paul de Leeuw 15 August 2018, Sweetcrude, London — The discussion around hard Brexit, soft Brexit, divorce bill, transition arrangements, new trade deals and the Chequers Brexit plan is now rapidly turning into a bewildering array of statements, claims, and counterclaims. More »
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NASC offers govt accurate measurement of crude export volume

NASC offers govt accurate measurement of crude export volume
Vincent Toritseju 15 August 2018, Sweetcrude, Lagos — The National Association of Stevedoring Companies has proposed to assist the government to monitor the accurate measurement of crude oil export from the various terminals across the country. More »
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SNEPCo Managing Director calls for diversification roadmap

SNEPCo Managing Director calls for diversification roadmap
*As Shell wins SPE exhibition award 15 August 2018, Sweetcrude, Lagos — The Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, has harped on economic diversification as a panacea for job creation and rapid economic growth of Nigeria. More »
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Shippers’ Council pushes for door-to-door cargo delivery mechanism

Shippers’ Council pushes for door-to-door cargo delivery mechanism
Vincent Toritseju 15 August 2018, Sweetcrude, Lagos — The Nigerian Shippers’ Council, NSC, has said that it was working on a door-to-door cargo delivery mechanism with a view to ensuring the safety and security of cargo delivery. More »
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Shell global refining operations boss to step down

Shell global refining operations boss to step down
OpeOluwani Akintayo 15 August 2018, Sweetcrude, Lagos — The head of Royal Dutch Shell’s global refining operations Lori Ryerkerk will step down at the end of the month, after five years, a report by Reuters citing an internal memo has said. More »
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SEPLAT, NNPC sign Shareholder & commercial agreement for AGPC

SEPLAT, NNPC sign Shareholder & commercial agreement for AGPC
15 August 2018, Sweetcrude, Lagos — Seplat Petroleum Development Company Plc, SEPLAT, and the Nigerian National Petroleum Corporation, NNPC, have signed the Shareholder Agreement and Commercial Agreements for ANOH Gas Processing Company (AGPC) project. More »
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S.Korea’s Iran crude imports for July down 43.5 pct y/y – Customs

S.Korea’s Iran crude imports for July down 43.5 pct y/y – Customs
15 August 2018, Seoul — South Korea imported 788,651 tonnes of crude oil from Iran in July, down 43. More »
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PHED laments N138.5bn debt by customers

PHED laments N138.5bn debt by customers
…Seeks NACCIMA intervention in the debt recovery Mkpoikana Udoma 15 August 2018, Sweetcrude, Port Harcourt — The Port Harcourt Electricity Distribution Company, PHED, has expressed dissatisfaction over non-payment of electricity bills by various categories of customers, amounting to over N138. More »
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Rivers govt threatens to shut Port Harcourt refinery over unpaid tax

Rivers govt threatens to shut Port Harcourt refinery over unpaid tax
Mkpoikana Udoma 15 August 2018, Sweetcrude, Port Harcourt — The Rivers State Internal Revenue Services, has issued the Port Harcourt Refining Company, PHRC, 24hours ultimatum to pay up taxes owed the state government or face sanctions. More »
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Eko Disco to eliminate use of cash payment

Eko Disco to eliminate use of cash payment
OpeOluwani Akintayo 15 August 2018, Sweetcrude, Lagos — The management of Eko Electricity Distribution Company Plc, EKEDC,  has urged customers to embrace modern electronic payment for electricity consumption, as it works towards eliminating cash payments. More »
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Govt to revive 6 hydro dams

Govt to revive 6 hydro dams
OpeOluwani Akintayo 15 August 2018, Sweetcrude, Lagos — The federal government plans to revive six hydro dams across the country, Minister of Power, Works and Housing, Babatunde Fashola, has said. More »
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