Saudi Aramco Agrees to Purchase Chile’s Esmax Saudi Arabian oil giant Aramco agreed to purchase a Chile’s Esmax Distribución SpA (Esmax) from Southern Cross Group, the company said in a statement on Friday. “The transaction is subject to certain customary conditions, including regulatory approvals,” the statement added. In 2022, Esmax recorded revenue of the equivalent…
Chevron LNG Strikes to have limited Near-Term Impact on US Gas Prices, Analysts Say The strikes at Chevron’s liquefied natural gas (LNG) plants in Australia will likely have limited near-term impact on U.S. gas prices as domestic demand remains low, analysts said. Workers at Chevron’s Gorgon and Wheatstone facilities, which represent about 5% of global…
Chevron companies provide health and educational support to communities in Rivers, Yobe and Oyo States Chevron entities in Nigeria including Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL (“NNPCL/CNL JV”), Star Deep Water Petroleum Limited (a Chevron company) and its parties in the Agbami…
IYC berates NNPCL over $3bn Afreximbank Loan The Ijaw Youth Council, IYC Worldwide, has kicked against the $3billion loan obtained by the Nigeria National Petroleum Company Limited, NNPCL from Egypt’s African Export-Import Bank, to stabilize the Naira. Recall that the state-owned oil company, NNPCL, recently secured a $3 billion oil-for-cash loan from Afreximbank, with the…
Russian Natural Gas Pipeline Catches Fire following Blast A natural gas pipeline has caught fire in Russia, RIA news agency said on Thursday. The blast took place at 7:40 a.m. local time and was followed by a fire that affected the underground Peschany Umyot-Storozhevka pipeline near the village of Krasny Oktyabr, operated by Gazprom. Videos…
Qatargas Rebrands to QatarEnergy LNG Qatargas has changed its name to QatarEnergy LNG to reflect the tiny Gulf nation’s commitment to continue to be one of the top suppliers of LNG globally, the parent company QatarEnergy said on Thursday. QatarEnergy LNG, with the new name and a new logo, highlights Qatar’s growing role in meeting…
Oil Price Rally Sees WTI Top $90 West Texas Intermediate (WTI) soared past $90 in Thursday morning trading, up over 30% in three months, driven by sustained OPEC+ production cuts and indications that a tighter market is coming. At 10:51 a.m. ET on Wednesday, WTI was trading at $90.14, up $1.62 on the day for…
TotalEnergies Considers $9 Billion Oil Project Offshore Suriname TotalEnergies is launching development studies for a 200,000-bpd oil project offshore Suriname worth $9 billion, in what could be the first commercial crude production in the South American country neighboring the new hotspot for discoveries, Guyana. The French supermajor announced this week its intention to start detailed…
SDG4: Egbin Power Boosts Investment in Education with Scholarship to Host Communities Egbin Power Plc, Nigeria’s largest power generation company continues to promote academic excellence and gradual achievement of the Sustainable Development Goals (SDGs) in the host communities through its scholarship programme, which is now in its 8th edition. During the presentation of awards to…
National Grid Collapse Plunges Nigeria into Darkness Nigerians experiences a nationwide blackout on Thursday morning due to a major breakdown in the national grid system. This critical infrastructure is managed by the Transmission Company of Nigeria (TCN), headquartered in Osogbo, Osun State. Several Distribution Companies across the nation confirmed the grid’s collapse during the early…
