Africa
Naphtha markets brace for margin squeeze amid supply glut in 2024
Global naphtha markets will likely suffer from lower profit margins in 2024 as refining and petrochemical capacity expansions in China and the Middle East outpace plastics demand growth globally.
Shell to exit Nigeria's troubled onshore oil after nearly a century
Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 B.
Nigeria's Dangote refinery starts production after years of delays
Nigeria's Dangote oil refinery has begun producing diesel and aviation fuel after years of construction delays at the 650,000 bpd plant.
Protesters in Libya threaten to shut down oil and gas facilities
Protesters have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli, with one group that is campaigning against corruption issuing a 72-hour ultimatum.
Nigeria's NNPC allocates four February crude oil cargoes to Dangote refinery
Nigeria's state oil company NNPC is expected to supply four crude cargoes from its February program to the $20-B Dangote refinery, which is poised to begin operations after years of construction delays.
Nigeria's Dangote refinery set for test runs after getting more crude
Nigeria's Dangote oil refinery could begin test runs as early as this week after receiving a sixth crude cargo, company officials said, finally bringing the 650,000 bpd plant to life after years of construction delays.
India to sign 5-year energy MoU with Guyana
India approved signing a 5-year MoU with Guyana to cooperate in the hydrocarbon sector as the South Asian nation looks to diversify its oil import sources.
Tecnimont receives authorization to begin engineering works on Egyptian fertilizer project
Further to the award of the project for a nitric acid and ammonium nitrate plant by KIMA, Egyptian Chemical Industries Company has informed Tecnimont (Integrated E&C Solutions BU) that engineering works may commence on the project.
Tecnimont achieved milestone on Port Harcourt complex in Nigeria
MAIRE announced that its subsidiary Tecnimont (Integrated E&C Solutions BU) successfully achieved the mechanical completion of the rehabilitation works of the old plant (Area 5) for a subsidiary of the Nigerian National Petroleum Company (NNPC) in Nigeria.
Nigeria's Port Harcourt refinery restart imminent, minister says
Nigeria's oil refinery in Port Harcourt will restart operations "after the Christmas break" following an overhaul, the petroleum minister said, following several delays.
- LyondellBasell to sell select European petrochemical assets to AEQUITA 6/9
- Shell reports June 4 fire at ethylene cracker plant in Pennsylvania (U.S.) 6/9
- Plug Power, Allied Green Ammonia partner for $5.5-B, 2-GW electrolyzer project to produce SAF, green urea and green diesel 6/9
- Carbon Clean, MODEC to accelerate the scale-up of CycloneCC for offshore carbon capture 6/9
- Ebara Elliott Energy signs high-speed balancing bunker agreement to expand Middle East footprint 6/9
- Rotork joins Rockwell Automation’s Technology Partner Program 6/9
