South Africa’s SacOil is exiting Nigeria oil and gas while Eland endured and now benefiting from their investments and toil, Sacoil ended its joint venture with Nigeria’s Nigdel United Oil Company and abandoned its oil licence due to softer oil prices forcing the firm to cut costs. Global oil prices have dropped by about 40 percent…
China’s Sinopec fuel Oil (2386.HK) and and British Petroleum (BP.L) Set Up Joint Venture for Global Marine Bunkering Business. Sinopec and BP announced today that they have formed a 50:50 marine fuels bunkering joint-venture, it is to be named BP Sinopec Marine Fuels Pte Ltd, BP announced this in a press release today. This company will be…
Against the backdrop of futility of existing regulations that comes against gas flaring in Nigeria, stakeholders are taking the campaign to higher levels hoping that the incoming administration of the All progressive Congress (APC) headed by Muhammadu Buhari will be tactful enough to make possible their campaign promises of ensuring that they plug leakages associated…
GE Oil & Gas announces the development of the next-generation Roots advanced efficiency centrifugal compressor to significantly boost the energy efficiency of industrial air/gas and wastewater applications. Building on more than 90 years of Roots compressor technology, this compressor will help operators reduce plant energy consumption. Compression energy accounts for up to 60 per cent…