LNG Prices Fall Due To Large Supply, Re-exports From Europe, Asian liquefied natural gas (LNG) prices for October delivery fell this week as new cargoes offered by Indonesia and Australia outweighed supply problems at Nigeria’s Bonny export terminal. The price of Asian spot cargoes fell to around $7.60 per million British thermal units (mmBtu) on…
Novomer is a chemical company seeking to replace crude oil as a source of carbon that is combined to make plastics and other industrial chemicals. A company founded out of Cornell University research has received a major honor from the American Chemical Society. The Kathryn C. Hach Award for Entrepreneurial Success will go to Novomer…
“We have cancelled contracts for Sahara, Aiteo, Duke Oil and Ocean marine” NNPC seems to be saying, Â Chineme Okafor of AllAfrica reports that the Nigerian National Petroleum Corporation (NNPC) wednesday confirmed the cancellation of the Offshore Processing Agreements (OPAs) between the corporation and Sahara Energy Resources (Nig.) Ltd. founded by the trio of Mr. Tope…
This is assumed a creative dimension in funding operational actives as independent oil and gas pursues contractors-led funding. Independent Oil and Gas (LON:IOG) has secured extensions to a number of key agreements which allows it to pursue a new ‘contractor led’ funding approach for its North Sea field development plans. The company has told investors…