Nigeria: PTD to commence nationalwide strike Monday

Kunle Kalejaye 01 April 2017, Sweetcrude, Lagos — The Petroleum Tankers Drivers, PTD arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says it will commence a nationwide strike action on Monday April 3, 2017. NUPENG’s President, Igwe Achese, announced this in a signed communique released on Friday in Lagos, at the […] More »

Lekoil receives $15m loan from Shell

01 April 2017, Sweetcrude, London — Shares in Lekoil gained on Friday after the oil and gas explorer revealed that it has agreed to an advance payment facility with Royal Dutch Shell for a $15m loan to fund development at the Otakikpo site in Nigeria. The AIM-listed company’s subsidiary Lekoil Oil & Gas Investments agreed […] More »

Kazakhstan-China pipeline pumps 100 millionth ton of oil

01 April 2017, Sweetcrude, London — Atasu-Alashankou pipeline running from Kazakhstan to China pumped the 100 millionth ton of oil on March 31, Kazakh National company KazTransOil said in a message. The pipeline is owned by Kazakhstan-China Pipeline LLP, a jointly-controlled company of KazTransOil and Chinese CNODC. The first startup complex of Atasu-Alashankou pipeline was […] More »

India joins IEA as association country

01 April 2017, Sweetcrude, Washington D.C. — India officially joined the International Energy Agency as an Association country on Thursday, solidifying and expanding its partnership with the world’s leading clean energy organization and providing the IEA with a deeper link to help India become a secure and sustainable energy producing country. As the world’s third-largest […] More »

EU eyes east Mediterranean gas supplies

01 April 2017, Sweetcrude, Brussels — European Union Climate Action and Energy Commissioner Miguel Arias Cañete will travel to Tel Aviv on April 3 to discuss the potential of gas from the eastern Mediterranean region for Europe with the Energy Ministers from Israel, Greece, Cyprus and Italy. At the ministerial EastMed Energy Summit, the Commissioner […] More »

India to cut Iranian oil purchases over gas field crisis

01 April 2017, Sweetcrude, Bengaluru — Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said. India, Iran’s biggest oil buyer […] More »

Brazil’s oil exports set to jump this year, weakening OPEC curbs

01 April 2017, Rio de Janeiro/Sao Paulo — Brazil is poised to sharply increase oil exports this year as heavy investments spur new output and demand for its lighter crudes win more buyers, especially in China and India. Production is projected to rise 210,000 barrels per day (bpd) in 2017, second only in the size […] More »