Norway union threatens to take up to 937 offshore rig workers on strike

Oslo — Industri Energi, Norway’s largest union of oil workers, said on Thursday it could potentially take up to 937 members on strike if the state-sponsored mediation due on June 27 fails to produce a deal with oil companies.   Most of the floating installations that could be affected by the strike are operated by […] More »

Gazprom says 50% dividend payout ratio seen in 2-3 years

Gazprom says 50% dividend payout ratio seen in 2-3 years. Russian state gas producer Gazprom said on Thursday its dividend More »

Zimbabwe power cuts may deepen as water levels fall at Kariba Dam

Zimbabwe power cuts may deepen as water levels fall at Kariba Dam. Zimbabwe’s largest hydroelectric plant, Kariba Dam, will suspend output in 14 weeks More »

Investor Icahn sues Occidental Petroleum over ‘misguided’ Anadarko deal

Investor Icahn sues Occidental Petroleum over 'misguided' Anadarko deal. Activist investor Carl Icahn, who has built a $1.6 billion position More »

Zimbabwe’s Kariba hydro plant may suspend operations if water levels stay low -minister

Zimbabwe's Kariba hydro plant may suspend operations if water levels stay low -minister.Zimbabwe’s largest hydropower plant More »

IPMAN urges the Buhari govt to encourage local refiners

OpeOluwani Akintayo Lagos — The Independent Petroleum Marketers Association of Nigeria, IPMAN, has urged the Federal Government to encouraged local refiners to boost local refining of crude oil in the country. Mr. Chinedu Okoronkwo, the National President of IPMAN made the appeal in Lagos on Wednesday. Okoronkwo said this became imperative for President Buhari to […] More »

Exxon trades European gasoline on Argus pricing for first time

Exxon trades European gasoline on Argus pricing for first time. Energy giant ExxonMobil traded two Ebob gasoline barges based on Argus pricing on Wednesday More »

MoniPulo empowers A/Ibom communities with startup items

Mkpoikana Udoma Port Harcourt — As part of its corporate social responsibility, Moni Pulo Petroleum Development Limited has empowered its host communities of Effiat and Mbo, in Mbo Local Government Area of Akwa Ibom State, with entrepreneurial startup items and cash donations worth over N10 million. The items include 40 motorcycles, 40 laptops, and printers, […] More »

Nigeria: Trans Forcados oil pipeline resumes operations – source

Nigeria: Trans Forcados oil pipeline resumes operations - source. Nigeria’s Trans Forcados oil pipeline resumed flows on Friday, a source familiar with More »

Stevedores set for show-down with IOCs over dockworkers recruitment

Vincent Toritseju Lagos — Stevedoring operators have commenced moves to checkmate the recruitment of dockworkers by International Oil Companies, IOCs, in their crude oil terminals. President of the National Association Stevedoring Companies, NASC, Mr. Bolaji Sunmola, disclosed that the stevedoring companies appointed by the Nigerian Ports Authority, NPA, were denied entrance in these IOCs’ terminals. […] More »

Mexico’s president to discuss ways to cut Pemex tax burden

Mexico's president to discuss ways to cut Pemex tax burden. Mexico’s President Andres Manuel Lopez Obrador said he will discuss More »

Brazil’s Petrobras eyes transfer-of-rights addendum that opens up $9 billion payment

Brazil's Petrobras eyes transfer-of-rights addendum that opens up $9 billion payment. Brazil’s state-run oil company Petrobras said on Tuesday More »

Transneft to discuss oil contamination in Poland on Thursday

Russia’s Transneft has scheduled a meeting in Poland on Thursday with Polish pipelines operator PERN and Polish and German refineries More »

British Steel risks collapse with 25,000 jobs at stake

British Steel risks collapse with 25,000 jobs at stake. British Steel, the country’s second largest steel producer, is on the brink of collapse More »

Malaysia’s Petronas shuts Sabah-Sarawak gas pipeline for maintenance

Malaysia's Petronas shuts Sabah-Sarawak gas pipeline for maintenance. Malaysia’s state oil and gas company Petroliam Nasional Bhd More »

Despite rhetoric, Turkey complies with U.S. oil sanctions on Iran

Despite rhetoric, Turkey complies with U.S. oil sanctions on Iran. Turkey has closed its ports to Iranian oil, fully complying with U.S. sanctions More »

BP shareholders overwhelmingly adopt climate resolution

BP shareholders overwhelmingly adopt climate resolution. BP shareholders overwhelmingly approved a climate resolution on Tuesday backed by investors More »

W. Africa Crude-Sonangol said to finalise July term allocations

W. Africa Crude-Sonangol said to finalise July term allocations. Angolan state oil company Sonangol has finalised its allocations More »

NERC targets robust tariff review process

NERC targets robust tariff review process. Power sector regulator, the Nigerian Electricity Regulatory Commission, NERC, has said it is implementing More »

25 Nigerian June cargoes remain unsold – Report

25 Nigerian June cargoes remain unsold - Report. About 25 or more of Nigeria's June crude oil loading cargoes remained unsold as at the More »