Nigeria Oil and Gas

HoneyWell Technology to Power Dangote Refinery

Honeywell Technology will power Dangote refinery according to press release made on May 13, 2015  from PRNewswire/ — UOP LLC, a Honeywell HON announced today that its process technology, catalysts and proprietary equipment will form the basis for the largest refinery in Africa, reducing Nigeria’s dependence on imported fuels and petrochemicals. Dangote Oil Refining Company […]

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Oil Firms, Nations Agree to End Gas Flaring by 2030, Nigeria Absent

Twenty-five major oil companies, oil-producing nations and development institutions agreed Friday to end the practice of routine gas flaring by 2030 at thousands of oil production sites around the world. Royal Dutch Shell, Statoil, Kuwait Oil Co., Russia, Norway and the Asian Development, chief executives from major oil companies joined together with senior government officials

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Crude Oil Price Jumps

Crude Oil price jumps following light inventory growth, the U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.3 million barrels last week, maintaining a total U.S. commercial crude inventory of 483.7 million barrels, the 13th consecutive week of a higher total than at any

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Shell is not leaving Nigeria, Spends $48B in Nigeria in 5 years

Shell Petroleum Development Company of Nigeria Limited (SPDC) paid to the Federal Government a total of $48bn (N9.46tn) in royalties and taxes from 2010 to 2014, Royal Dutch Shell Plc, the parent company of the SPDC, has said. The oil major, in its ‘Sustainability Report 2014’ released on Friday, said its share of royalties and

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