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Africa

Tecnimont achieved milestone on Port Harcourt complex in Nigeria

MAIRE announced that its subsidiary Tecnimont (Integrated E&C Solutions BU) successfully achieved the mechanical completion of the rehabilitation works of the old plant (Area 5) for a subsidiary of the Nigerian National Petroleum Company (NNPC) in Nigeria. 

Nigeria's Port Harcourt refinery restart imminent, minister says

Nigeria's oil refinery in Port Harcourt will restart operations "after the Christmas break" following an overhaul, the petroleum minister said, following several delays.

At least 13 killed in Guinea oil terminal blast; extent of damage unclear

The death toll from a blast at an oil terminal in Guinea's capital Conakry has risen to 13, a senior police source said, as the government warned the incident could have repercussions for the wider population.

South Africa picks Russia's Gazprombank as PetroSA refinery partner

South African national oil company PetroSA is confident it will not fall foul of Western sanctions after choosing Russia's Gazprombank Africa as preferred investment partner to restart their refinery at Mossel Bay.

Shell sees $6 B in oil and gas investments in Nigeria

Shell sees a $5-B offshore oil investment opportunity in Nigeria and pledged to spend a further $1 B in five to 10 years to boost natural gas output for domestic supplies and exports, a presidential spokesperson said, citing Shell's director of upstream operations.

Nigeria's Dangote refinery receives first crude cargo

The Dangote oil refinery in Nigeria received its first cargo of 1 million barrels of crude oil from Shell International Trading and Shipping Co, bringing the start of operations closer after years of delays.

Global airlines body urges oil sector to invest more in sustainable fuel

The oil and gas sector and alternative fuel producers need to beef up efforts to produce greener aviation fuel to help airlines cut carbon emissions.

Neste and ENOC Group enter into collaboration to drive SAF initiatives in Dubai and the MENA Region

Neste and ENOC Group, a leading integrated global energy player, have agreed to collaborate to explore the possibilities of supplying and purchasing SAF in Dubai and the wider Middle East North Africa region in the coming years.

Industry Primer: What is OPEC+ and how does it impact oil prices?

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on Nov. 26 to discuss their joint output policy.

Nigeria gets refineries investment, forex pledge from Saudi Arabia

Nigeria and Saudi Arabia agreed to a series of investment and cooperation deals, including a pledge by the Saudi government to invest in the revamp of Nigeria's oil refineries and provide financial support to sustain the government's foreign-exchange reforms.