Saudi Arabia Forms Joint Venture With Greece to Link Power Grids Saudi Arabia has signed a deal with Greece for the establishment of a jointly-owned company to link up the two countries’ power grids with the goal of supplying Europe with clean energy, Reuters reports. The new company, Saudi Greek Interconnection, joins Greece’s IPTO and…
Court Upholds Order to Expand Oil and Gas Lease Sale in the Gulf of Mexico The 5th U.S. Circuit Court of Appeals in New Orleans has upheld a lower court’s order that the U.S. Administration should hold an expanded oil and gas lease sale in the Gulf of Mexico as initially intended but gave the…
Produce more Oil & Gas for Energy Transition in Nigeria to Thrive- Dr. Ekpenyong An oilwell control expert and Chief Executive Officer of Kenyon International, Dr. Victor Ekpenyong, says stakeholders in the oil industry must collaborate to produce more oil and gas, in order for the country to generate more revenue to aid smooth energy…
Harold Hamm Calls For Consistency in U.S. Oil and Gas Regulation Shale pioneer Harold Hamm, the founder of Continental Resources, has called for the uncertainty in U.S. oil and gas regulations to end so that the industry can have clearer advance plans on drilling and production operations. The current U.S. Administration’s policies regarding oil and…
Dangote Refinery to commence operation next month at 370,000 b/d The Dangote Refinery in Lagos will commence operation next month (October) with the refining of 370,000 barrels per day, b/d, of Automotive Gas Oil, AGO, or diesel and Aviation Turbine Kerosene, ATK, also known as jet fuel. Production of Premium Motor Spirit, popularly known as…
Netherlands and Nigeria to Partner on Wind Energy. There is indication that the governments of the Netherlands and Nigeria are in talks to take advantage of the newly created Ministry of Marine and Blues to boost energy by deployment of wind in Nigeria. Speaking at the ongoing Lagos Maritime Week, LMW, conference the Consul-General of…
NPA sold Vessel for N48,000; Port Items for N1 each An ad-hoc committee of the House of Representatives investigating the sales of Federal Government property has queried the Nigerian Ports Authority (NPA) for selling off a vessel at the paltry sum of N48,000 and some government assets at the Lagos Port Complex Apapa for N1…
Minister of Power says Nigeria will soon its Increase Power Generation. Speaking at the opening ceremony of the 10th Nigeria Energy and Conference, which held in Lagos, the Minister of Power, Adebayo Adelabu, said the country will soon breathe a sigh of relief as power capacity will soon be increased. A 20,000 megawatts (MW) from…
Energy Transfer LP Shuts Ruptured Oil Pipeline in Permian Energy Transfer LP shuttered its Centurion Pipeline on Monday after it was struck by a road worker, the pipeline company said in an email to Bloomberg. Energy Transfer LP acquired the pipeline earlier this year when it acquired the previous owner, Lotus Midstream for $1.4 billion….
Oil Rebounds to climb 1 USD as Russia Bans most Fuel Exports. Oil prices rebounded from $1 down to $1 up in trading on Thursday, after a Russian ban on fuel exports snapped focus away from Western economic headwinds and back to throttled crude supply to the end of 2023. Brent futures for November delivery…
