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Softening demand pulling on oil prices
Oil futures and swaps globally are increasingly showing signs of easing supply concerns and resurfaced concerns about further weakness in crude oil demand. The prompt spreads in the U.S. benchmark, WTI Crude, are already in contango, signaling enough near-term supply….
Dollar crunch: Ghana to barter oil with gold
Government of Ghana says it is working on a new policy to buy oil products with gold rather than U.S. dollar reserves in order to save the local cedi from freefall, curb inflation and level the country’s balance of payment…
AAPL, partners ink deal for 300 MW power plant in Calabar
Alternative Petroleum and Power Limited (APPL), on November 10, signed an Engineering Procurement and Construction (EPC) contract with Bergen Engines of Norway and Diesel Electric Pty Ltd of South Africa. The EPC agreement which was signed at the Executive Chamber…
China’s Sinopec lands $60 bn LNG deal with Qatar Energy
China’s Sinopec on Monday concluded a $60 billion long term gas sales and supply agreement with the Middle East’s largest gas factor, Qatar Energy, setting a benchmark for the world’s biggest transactions for largest volumes of supply. Under the terms…
Gas scramble: Japan says LNG is sold out until 2026
The Japanese Ministry of Trade has sounded alarm of medium term gas crunch, pointing out that long-term contracts fLNGor liquefied natural gas shipments are sold out until 2026 due to limited liquefaction capacity at a time Europe unplugged from Russian…
454 Kg of wife! Tammy Slaton Weds Caleb Willingham
Tammy Slaton is now a married woman! The 1000 Lb. Sisters star, 36, tied the knot with husband Caleb Willingham on Saturday at Windsor Lane Rehabilitation Center in Gibsonburg, Ohio, PEOPLE can exclusively reveal. “You all knew me as Tammy…
$11 bn award: Danjuma’s Tita-Kuru tackles P&ID over project design
A local firm, Tita-Kuru Petrochemicals Limited associated with General Theophilus Danjuma has surfaced to be part of the deal in which Process and Industrial Development (P&ID) is taking pound of flesh from Nigeria over a botched gas monetization contract. According…
PIA is delivering key investment goals – Sylva
Sopuruchi Onwuka The newly activated Petroleum Industry Act (PIA) is delivering the key objectives of government in providing congenial domestic industry environment for capital importation and attraction of global investments. Minister of State for Petroleum Resources, Chief Timipre Sylva, stated…
Seplat committed to just, affordable energy transition – CEO
Seplat Energy Plc, leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, says its commitment to a just and affordable energy transition is unwavering. The energy company maintains that its ANOH and upgraded Sapele gas…
Africa deserves right to use natural gas reserves – AfDB chief
President of the African Development Bank (AfDB), Akinwumi Adesina, has strongly canvassed for waivers that would allow African countries to continue exploitation of hydrocarbon resources in fighting energy poverty and riving economic development. Adesina who spoke to journalists at the…
