Nigeria’s plan to turn its state oil company, Nigerian National Petroleum Company Limited (NNPC), into a publicly traded firm is back on the table, ten years after officials first floated the idea in November 2016 and then let it stall.
Petroleum Minister Ali Pervaiz Malik on Sunday said plans were underway to launch a scheme with Saudi Arabia, Kuwait and Qatar for oil storage to strengthen energy security.
ADNOC Logistics & Services (ADNOC L&S) has acquired 11 gas and crude carriers for approximately USD 1.3 billion to expand its shipping capacity and support ADNOC Group’s exports, ADNOC L&S said on Friday.
Middle Eastern buyers are seeking LNG cargoes from Canada to diversify supply and hedge against geopolitical disruption affecting key shipping routes, Reuters reported on Friday.
On the night of 8-9 August, Russian forces launched a massive attack on production assets and a drilling site of Ukrnafta, a Ukrainian state-owned oil and natural gas extraction company.
Minister for Petroleum Ali Pervaiz Malik has said the government is committed to strengthening energy security, accelerating oil and gas exploration, attracting investment and ensuring transparency in the petroleum sector as Pakistan seeks to reduce its heavy reliance on imported energy.
The Sabah government will acquire a 30 per cent stake in two new oil and gas fields on the state’s east coast, said Sabah Chief Minister Datuk Seri Hajiji Noor.
The Global Extractive Industries Transparency Initiative validation team has arrived in Nigeria to assess the country’s progress in improving transparency and accountability in the oil, gas and mining sectors.
New data from Statistics Canada shows Canada’s energy sector posted broad-based growth this spring, led by record crude oil production and stronger oil sands output as global demand and higher prices supported increased production.
The governments of Tanzania and Uganda on Thursday signed a non-binding agreement with the Bahrain unit of global commodities trader Vitol to develop a regional energy hub at the Port of Tanga, Tanzania.