Oil and gas

July 14, 2018


Next OPEC meeting set for late Sept in Algiers

The next meeting of the Organization of Petroleum Exporting Countries (OPEC) will take place in Algiers during the final week of September, Algerian Energy Minister Mustapha Guitouni announced here Thursday.

'The meeting will allow OPEC members to discuss ways to maintain oil market stability,' Guitouni told the media after the presentation of the country's 2017 energy assessment report.

'Oil prices are very volatile due to exogenous factors affecting the market,' he said, adding"...

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July 11, 2018


AlMansoori delivers facilities for Kenya’s first oil wells

Abu Dhabi-based AlMansoori Specialized Engineering, a leader in oilfield services in the Middle East, has successfully contributed to the Early Oil Pilot Scheme (EOPS) launch leading to Kenya’s first oil production and export programme by providing facilities for the landmark project.

The $15 million contract with Tullow Oil, part of Kenya’s EOPS, included the provision of degassing facilities for three well pads and an early production facility (EPF) for oil and water separation, stabilisation, storage"...

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July 11, 2018


Sumitomo SHI FW Wins Contract for Biomass CFB Boiler Island

Sumitomo SHI FW (SFW) announces today that it has been awarded a contract by GS Engineering and Construction for design and supply of the Dangjin Biomass No. 2 Power Plant Project Boiler Island. The new boiler island will be located next to the Dangjin Biomass No. 1 Power Plant which was delivered by SFW in 2014. Commercial operation of the new plant is scheduled for 2021. SFW will design and supply the 100 MWe CFB steam generator and auxiliary equipment for the boiler island, including a cold end SCR and baghouse for flue gas cleaning. The steam generator will be designed to burn wood pellets, wood chips and palm kernel shells, while meeting applicable environmental regulatory requirements. Tomas Harju-Jeanty, CEO, Sumitomo SHI FW, said: “We are very pleased to continue our long relationship with GS E&C and provide yet another opportunity to demonstrate SFW’s CFB technology......

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July 10, 2018


Kenya: Chinese Firm Disowns KPC Expert in Sh4bn Pipeline Delay Saga

A consultant hired to oversee the construction of the Mombasa-Nairobi pipeline now says he was not consulted when Kenya Pipeline Company (KPC) and a Lebanese contractor agreed on a Sh4.4 billion penalty for delays in building the 450km pipeline.

Mr Xiang Yang, the project manager of Shanghai Little Eagle Science&Technology Co. (SLEC) told Parliament that a scheduler hired to come up with compensation figures did not contact him when it arrived"...

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July 10, 2018


Oil Refining Industry in Algeria 2018 - Forecast to 2024: Featuring Royal Dutch Shell

The 'Oil Refining Industry in Algeria 2018' report has been added to ResearchAndMarkets.com's offering. This downstream energy sector report is a complete source of information on Algeria crude oil refining industry. It provides refinery level information relating to existing and planned (new build) refineries such as insights and forecasts of refinery capacities, refined petroleum products production and consumption, refinery complexity factor and comparison against peer group countries in the respective region. The report also covers complete details of major players operating in the refining sector in Algeria and in depth analysis of the latest industry news and deals. Scope Outlook of Country Oil Refining Industry and refined petroleum products beyond 2017 Forecasts of refined products production and consumption along with major refining companies, and operators. Historic......

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July 9, 2018


Global Focused Energy Firm, Aiteo Named Company of the Year at Nigeria Oil and Gas Conference Awards

The Aiteo Group, a global-focused Nigeria-based energy conglomerate, has been named the Indigenous Oil and Gas Company of the Year at the Nigerian Oil and Gas (NOG) Awards, Nigeria’s most prestigious annual oil and gas industry event

The NOG is a viable platform for networking, sharing ideas, and exploring new opportunities and innovations in the industry.

The event,"...

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July 9, 2018


Eni starts gas production from Sankofa field

Eni has started gas production from the Sankofa field in the Offshore Cape Three Points (OCTP) Integrated Oil and Gas Project, in Ghana, on schedule during the past weekend. The field will provide 180 million standard cubic feet per day (mmscf/d) for at least 15 years, enough to convert to gas half of Ghana’s power generation capacity.

Production started from two of the four deep-water subsea wells connected to the Floating Production, Storage"...

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July 9, 2018


IFC and government release renewable energy targets

IFC, a member of the World Bank Group, and Côte d’Ivoire’s Ministry of Petroleum, Energy, and Renewable Energy Development have released a roadmap study that outlines pathways for achieving the country’s Nationally Determined Contribution (NDC) target of producing 42 percent of the country’s power by renewable energy resources in 2030.

“Unlocking Private Investment: A Roadmap to achieve Côte d’Ivoire’s"...

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July 9, 2018


Economic Growth Driven by Oil & Gas and Non-oil Industries Attract Investment Bloom in Iraq, Says Frost & Sullivan

The government of Iraq is committed to implementing a stable macroeconomic framework driven by significant growth potential in the oil and gas sector as well as non-oil industries. A potential leader in emerging markets, Iraq offers unlimited investment opportunities and requires over USD 30 billion of foreign direct investment (FDI) per annum.

After three years under combat operations, the end of Iraq’s war against the Islamic State (ISIS)"...

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July 8, 2018


Algeria increases oil output, urges OPEC to ignore Trump’s oil demand

Algeria has increased its oil output but urged fellow OPEC countries and other crude producers not to heed calls by US President Donald Trump to place more oil on the market and drive down prices.

“Algeria is adding 26,000 barrels per day to expand its crude oil output to 1.106 million barrels per day,” Algerian Energy Minister Mustapha Guitouni was quoted by state news agency APS as saying.


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