Market News
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Phase II of PDGM gas distribution project to kick off in Mozambique
Posted on :Friday , 19th September 2014
The second phase of distribution of Maputo and Marracuene Natural Gas Distribution Project (PDGM) is set to begin in a few days, according to Mozambique’s National Hydrocarbon Company (ENH). This is after the signing of contract last Friday, between ENH-Kogas and Kogas-Mocambique, the sole contractor in the whole process.
Phase II of the Maputo and Marra. . .
Total resumes $2.5bn Usan Deepwater oil block sale
Posted on :Wednesday , 17th September 2014
France’s Total SA, Europe’s second largest oil company, has put one of its offshore Nigerian oil fields up for sale for the second time, the company said, after a 2012 deal with Sinopec Corp of China failed.
Total has hired BNP Paribas to find buyers for its Usan deepwater oil field located in Oil Mining Lease (OML) 138, which could be worth about $2.5 billion, accor. . .
FG targets 1m tonnes of cooking gas yearly
Posted on :Wednesday , 17th September 2014
The Federal Government has said it plans to supply the local market up to one million metric tonnes, MT, of Liquefied Petroleum Gas, LPG/cooking gas yearly, to boost per capita consumption of the commodity in the country.
Currently, the market is being supplied with about 250,000MT, up from the 150,000MT, when it began its intervention in the sector about a decade ago.
IPMAN seeks govt s intervention in kerosene, diesel supply
Posted on :Wednesday , 17th September 2014
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to intervene in the downstream sector of the petroleum industry to ensure adequate supply of Dual Purpose Kerosene (DPK) popularly called kerosene and Automotive Gas Oil (AGO) commonly called diesel, to avert scarcity.
IPMAN’s Chairman, Mosimi depot, Comrade Dele Tajudee. . .
Algeria postpones oil and gas bids to accommodate foreign companies
Posted on :Monday , 15th September 2014
The government of Algeria has confirmed postponement of the oil and gas bids for its plants till end of September this year.
This comes after the government submitted to the request by international energy companies to delay the process further, to allow some foreign more time to assess the potential of all the fields.ALNAFT, an. . .Please Select an Option
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