Tag: gas

Inside Nigeria’s multibillion-dollar abandoned oil, gas projects

Before COVID-19 triggered a collapse in crude oil prices and demand last year, several big-ticket oil and gas projects in Nigeria had been hanging in the balance. In this report, ’FEMI ASU examines the impact of project delays and/or cancellations in the nation’s oil industry as well as the economy

Nearly nine years ago, one of the agencies in the Ministry of Petroleum Resources acquired 10.2 hectares of land for the construction of what was to become the first pipe mill in the country, and help meet the industry line pipe demand estimated at more than 800,000 tonnes per annum.

The Nigerian Content Development and Monitoring Board announced on March 20, 2013 that it acquired the land in Polaku community, in the outskirts of Yenagoa, Bayelsa State. It said the land acquisition marked the commencement of the project as the board would immediately begin the preparation of the site ahead

Bad for organization? Biden’s initially executive get spots constraints on nation’s oil and gas sector

The actions put in position with the govt buy will restrict oil and gas investing prospective with Canada and possible enhance need for center japanese oil imports

TEXAS, United states — In several hours of sitting at his new desk in the White Dwelling, President Joe Biden signed an government purchase that placed constraints on the nation’s oil and gas marketplace.

A established of actions that tumble in line with his determination to make decreasing carbon emissions a priority.

By natural means the limitations have not been acquired very well within the oil and gas marketplace, which quite a few executives see as a handicap to an business that has lifted the American economy to new heights in current many years.

“It didn’t consider him pretty long to toss a wrench in the is effective,” reported Tommy Taylor.

Tommy Taylor is the director of oil and fuel operations for Fasken

Lousy for business? Biden’s initially government get areas limitations on nation’s oil and gas market

The steps place in area with the executive get will restrict oil and gas trading prospective with Canada and possible raise desire for center japanese oil imports

TEXAS, United states — Inside of hrs of sitting at his new desk in the White Home, President Joe Biden signed an govt get that put restrictions on the nation’s oil and fuel market.

A set of steps that tumble in line with his commitment to make minimizing carbon emissions a precedence.

Naturally the limitations have not been gained perfectly within the oil and gasoline marketplace, which many executives see as a handicap to an industry that has lifted the American financial state to new heights in new several years.

“It failed to just take him incredibly very long to toss a wrench in the will work,” said Tommy Taylor.

Tommy Taylor is the director of oil and fuel operations for Fasken Oil

Terrible for company? Biden’s to start with government buy places limits on nation’s oil and gas market

The actions put in position with the executive purchase will restrict oil and fuel investing potential with Canada and very likely maximize demand for middle japanese oil imports

TEXAS, United states of america — In just hours of sitting at his new desk in the White Household, President Joe Biden signed an government buy that positioned constraints on the nation’s oil and gas field.

A established of actions that drop in line with his determination to make reducing carbon emissions a precedence.

Obviously the restrictions have not been gained perfectly inside of the oil and fuel field, which numerous executives see as a handicap to an sector that has lifted the American financial system to new heights in current several years.

“It did not just take him quite long to throw a wrench in the works,” stated Tommy Taylor.

Tommy Taylor is the director of oil and gasoline operations for

What happens to Africa if Western Loan companies lower off Loans for fossil gas tasks? By NJ Ayuk

Just an illustration of an oil rig on oil area

By NJ Ayuk, Government Chairman, African Electrical power Chamber

A small far more than a yr back, in November 2019, the European Expense Bank (EIB) declared its intention to stage out funding for fossil fuels. Especially, it explained that it would no for a longer time grant financial loans for assignments involving crude oil, all-natural gas, and coal as of January 1, 2022 (with a scant couple of exceptions for gasoline projects that meet up with demanding environmental conditions).

In producing this announcement, the EIB designed historical past. It became the 1st main multi-lateral money establishment to make a community determination to abandon fossil fuels in the identify of combatting local climate improve.

Its pledge did not go unnoticed. In October 2020, Antonio Guterres, the secretary-standard of the United Nations (UN), referred to as on the world’s publicly funded improvement

Viewpoint: What Comes about To The African Electrical power Marketplace If Western Loan companies Reduce Off Loans For Fossil Gas Projects?

A minimal extra than a yr in the past, in November 2019, the European Expenditure Bank (EIB) declared its intention to stage out funding for fossil fuels. Specifically, it claimed that it would no for a longer time grant financial loans for jobs involving crude oil, organic gasoline, and coal as of January 1, 2022 (with a scant handful of exceptions for gasoline tasks that satisfy demanding environmental conditions).

In building this announcement, the EIB designed record. It became the very first key multi-lateral economic establishment to make a public determination to abandon fossil fuels in the title of combatting local climate improve.

Its pledge did not go unnoticed. In October 2020, Antonio Guterres, the secretary-basic of the United Nations (UN), termed on the world’s publicly funded progress banking institutions to adhere to match. Much less than a thirty day period later on, all 450 of these institutions — which

What Comes about To The African Electricity Business If Western Loan providers Reduce Off Financial loans For Fossil Gas Assignments?

A minimal extra than a calendar year in the past, in November 2019, the European Investment Financial institution (EIB) declared its intention to period out funding for fossil fuels. Exclusively, it reported that it would no more time grant loans for assignments involving crude oil, normal fuel, and coal as of January 1, 2022 (with a scant couple exceptions for gasoline tasks that meet demanding environmental conditions).

In producing this announcement, the EIB produced record. It grew to become the initial major multi-lateral money establishment to make a community determination to abandon fossil fuels in the title of combatting weather modify.

Its pledge did not go unnoticed. In Oct 2020, Antonio Guterres, the secretary-standard of the United Nations (UN), referred to as on the world’s publicly funded growth banking institutions to follow fit. Fewer than a thirty day period afterwards, all 450 of these institutions — like, by the way,

Port Huron man bringing new life to former gas station, calls it ‘the dino project’

Sue Mix remembers what the Port Huron Sinclair gas station on Lyon Street was like in the 1950s when her dad managed it.  

Port Huron guy brings new everyday living to former gas station with dino venture

Sue Combine remembers what the Port Huron Sinclair fuel station was like in the 1950s when her dad managed it.  

She remembers jumping on the gas pump bells to her dad’s dismay, the Coca-Cola chest full of pop and icy chilly drinking water she loved to put her fingers in, and her father’s purple service truck that she sometimes rode in. 

And now someone is bringing new lifetime to that former gas station. 

“The dino project is what I connect with it,” reported T.J. Gaffney, the Port Huron resident doing the job on a “resto-mod” of the creating.

Port Huron resident T.J. Gaffney stands in front of the former Sinclair gas station he is doing a "resto-mod" of at 1402 Lapeer Ave. on Dec. 11, 2020.

Gaffney has been doing the job on the former gasoline station and dry cleaners at 1402 Lapper Ave. since late May of 2018, when he commenced pulling the façade off. The siding experienced been masking the creating for the improved element of 50 to 60 years. 

“No a single realized what was