NNPC Says Refineries not for Sale But for JV’s, Starts Unbundling of the Nigeria state one asset. In a bid to ensure lean, efficient and profitable operations, the Nigerian National Petroleum Corporation (NNPC) is to commence the unbundling of the Pipelines and Products Marketing Company Ltd into three different companies as reported in the company’s website. The…
Shell Lubricants Introduces Engine Lubricants for Natural Gas Vehicles Shell Lubricants has launched two new products in China for trucks and buses running on natural gas — Shell Rimula R5 NG and Shell Rimula R3 NG. These products represent the latest in lubricant technology designed to meet the very specific operating conditions in natural gas…
Total Divested $1.3 Billion of assets in a week. Total sells North Sea midstream assets On August 27, Total (ticker: TOT) announced that it sold its FUKA and SIRGE gas pipelines, along with the St. Fergus Gas Terminal, to North Sea Midstream Partners for £585 million (approximately $905 million). The Frigg UK Pipeline (FUKA) is…
Schlumberger acquires US-Based Novatek inc. Schlumberger announced its takeover of US-based Novatek Inc. and Novatek IP, LLC. that will provide a new platform to improve drilling performance to the growing oil services giant’s portfolio. Schlumberger’s StingBlade. Image from Schlumberger. Schlumberger and Novatek already have a cooperative relationship that created Schlumberger’s StingBlade conical diamond element bit,…