OpeOluwani Akintayo 01 July 2018, Sweetcrude, Lagos — A member of the Organisation of the Petroleum Exporting Countries, OPEC, Iran, has warned the group to “refrain from any unilateral measures” to guard against undermining the unity of the group. In a letter by Iranian Oil Minister Bijan Zanganeh to his United Arab Emirates counterpart, Suhail …
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More »01 July 2018, News Wires — Abu Dhabi National Oil Company(ADNOC) today signed an initial agreement to pick up a stake in the planned USD 44-billion refinery-cum-petrochemical project in Ratnagiri, Maharashtra. ADNOC joins Saudi Aramco, the world’s largest oil producer, in the project which is planned to come on stream by 2025. “Saudi Aramco and …
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OpeOluwani Akintayo 01 July 2018, Sweetcrude, Lagos — Top oil exporter, Saudi Arabia boosted oil supply by 700, 000 barrels per day in June, a survey obtained from Reuters by SweetcrudeReports has shown, quoting an anonymous source. The survey showed that the country’s exports pegged at 10.70 million barrels per day in the month under …
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OpeOluwani Akintayo 01 July 2018, Sweetcrude, Lagos — The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, has said that the speculations that oil has been found in commercial quantity in the Bida Basin should be discountenanced, stressing that the search for oil in the basin is still ongoing. Dr. …
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OpeOluwani Akintayo 01 July 2018, Sweetcrude, Lagos — The Nigerian Content Development and Monitoring Board, NCDMB on Friday in Lagos, signed a $10m equity investment agreement with Waltersmith Refining & Petrochemical Company Limited for the construction of a 5000 barrels per day modular refinery to be located at Ibigwe, Imo State. The Executive Secretary of …
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01 July 2018, Sweetcrude, Houston, Texas — Bids for the blocks offered in Brazil’s 5th pre-salt bid round, for which the official pre-announcement was published on Thursday, are unlikely to reach the high levels achieved in previous processes, according to GlobalData, a leading data and analytics company. The bid round, scheduled to close on September …
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*The new technology can help gas plant power producers save up to $2 million in fuel annually •New Upgrade Continues GE’s Investments in Its Power Services business •New MXL2 with Additive Manufactured Performance Upgrade to Boost the Power and Efficiency of Existing GT13E2 Gas Turbines •Breakthrough Technology Can Help Power Producers Achieve up to $3 …
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