TotalEnergies says it received Environmental Permits for 48 Solar Plants in Spain TotalEnergies has received environmental permits from Spanish authorities for solar projects with a production capacity of 3 gigawatts (GW) capacity, the French energy company said on Monday. The permits concern 48 planned plants in the Madrid, Murcia and Aragon regions which will generate…
Shell unlocks $56.13mln for host communities The Shell Petroleum Development Company, operator of the SPDC joint venture, on Tuesday unveiled eight Host Community Development Trusts in Bayelsa State, a critical step for unlocking the $56million earmarked for development in line with the provisions of the Petroleum Industry Act (PIA) 2021. The $56.13 million represents funds to…
China Steps Up Inspections on Old Oil Tankers As the number of old oil tankers shipping Russian oil has soared, Chinese authorities in the Shandong province have increased the safety checks on old vessels arriving at the major oil import port of Qingdao, holding ships more than 20 years old at the port for weeks….
New Mexico Accounted For 50% Of U.S. Oil Production Growth In 2022 New Mexico, home to part of the Permian basin, saw the highest crude oil production growth of any U.S. state last year, with output gains of 300,000 barrels per day (bpd) accounting for half of America’s oil production increase, the Energy Information Administration…
Seplat Energy Committed to Best Management of Contractor Personnel Practice …Speaks on recent activities at Amukpe and Sapele facilities by Contractor Personnel What Happened: Some community indigenes working as contractors’ personnel invaded Seplat facilities at Amukpe and Sapele west locations, disrupting production activities and subsequently forcing a brief halt to business activities, including a declaration…
Petralon 54 Engaged Barge FP Amangwu to Transport Legally Produced Crude Oil to Ajapa FSO We have followed with keen interest reports of the exchange between our erstwhile vendor, First Priority Resources International Limited (First Priority) the operators of Barge FP Amangwu and security operatives (men of Operation Delta Safe and Tantita Security Services), and…
Stakeholders Condemn Seizure and Destruction of Barge FP Amangwu Stakeholders in the Nigerian oil and gas sector have decried the actions of the men of Operation Delta Safe and Tantita Security Services who set ablaze Barge FP Amangwu reportedly owned by First Priority Limited and burnt down a waste treatment facility belonging to Mawe Services…
Canada’s Gasoline Prices Set To Rise As Driving Season Starts Alberta’s wildfires could shut in more oil production, adding to rising gasoline demand at the start of Canada’s driving season this weekend and pushing gasoline prices in Canada higher, analysts told The Canadian Press ahead of long May 20-22 long weekend. “It’s not unusual to…
Warren Buffett Buys Up Even More Occidental Petroleum Warren Buffett’s Berkshire Hathaway bought additional shares in Occidental Petroleum this week, raising its stake in the U.S. oil firm to 24.4%, a regulatory filing shows. Berkshire Hathaway acquired 3,457,222 Oxy common stock this week, at around $58 per share for some $201 million. As a result…
SNEPCo to Spend $6bn on Deepwater Projects The Shell Nigeria Exploration and Production Company, SNEPCo has been projected to spend $6billion on deepwater projects in Nigeria from 2023 to 2032. The Country Chair and Managing Director of Shell Petroleum Development Corporation (SPDC), Mr Osagie Okunbor, announced this during a panel session at the fourth edition…
