Tag: oil

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 enterprise? Biden’s 1st executive buy spots limitations on nation’s oil and gasoline marketplace

The actions put in location with the govt buy will limit oil and gas buying and selling possible with Canada and very likely enhance demand for center jap oil imports

TEXAS, United states — Inside several hours of sitting down at his new desk in the White Property, President Joe Biden signed an govt purchase that placed limitations on the nation’s oil and gas business.

A set of actions that slide in line with his determination to make lowering carbon emissions a priority.

In a natural way the limits haven’t been acquired effectively inside of the oil and gasoline market, which several executives see as a handicap to an sector that has lifted the American economic climate to new heights in new yrs.

“It failed to consider him incredibly long to throw a wrench in the works,” reported Tommy Taylor.

Tommy Taylor is the director of oil and gasoline functions

Lousy for enterprise? Biden’s very first executive order locations limits on nation’s oil and gasoline sector

The actions set in spot with the government purchase will restrict oil and fuel buying and selling possible with Canada and most likely raise need for middle japanese oil imports

TEXAS, Usa — Inside hrs of sitting down at his new desk in the White Property, President Joe Biden signed an government purchase that placed limitations on the nation’s oil and gasoline business.

A set of steps that slide in line with his dedication to make minimizing carbon emissions a priority.

In a natural way the restrictions have not been received properly inside the oil and gas business, which lots of executives see as a handicap to an industry that has lifted the American economic climate to new heights in recent decades.

“It failed to consider him really extended to throw a wrench in the is effective,” reported Tommy Taylor.

Tommy Taylor is the director of oil and fuel operations

Exclusive: Rosneft seeks to tempt buying and selling houses into Arctic oil task, sources say

MOSCOW (Reuters) – (This January 15 story is corrected to make apparent Vostok Oil is not issue to sanctions and current to include things like comments from Rosneft.)

Christmas and New Calendar year decorations depicting a Russia’s Rosneft oil firm brand are pictured at the “Biryusinka” toy factory, which has been generating decorations and toys for the festive period because 1942, in Krasnoyarsk, Russia November 29, 2018. REUTERS/Ilya Naymushin

Russian condition oil significant Rosneft is courting investments from world wide trading residences to assistance build one of the world’s most important oil deposits, just after talks with other doable partners stalled following a collapse in oil charges, 4 resources acquainted with the discussions advised Reuters.

Rosneft is in conversations with Vitol, Glencore and Gunvor, between other people, about investments in its Vostok Oil project in the Arctic, obtaining now secured a deal with Swiss-based Trafigura,

Distinctive: Rosneft seeks to tempt buying and selling properties into Arctic oil challenge, resources say

MOSCOW (Reuters) – Russian point out oil significant Rosneft is courting investments from global investing properties to assist produce a single of the world’s most important oil deposits, right after talks with other feasible partners stalled following a collapse in oil selling prices, four resources common with the discussions instructed Reuters.

FILE Picture: A watch reveals a helmet with the symbol of Rosneft enterprise in Vung Tau, Vietnam April 27, 2018. Photograph taken April 27, 2018. REUTERS/Maxim Shemetov

Rosneft is in discussions with Vitol, Glencore and Gunvor, between many others, around investments in its Vostok Oil task in the Arctic, getting already secured a offer with Swiss-centered Trafigura, which took a 10% stake at the stop of previous 12 months.

Buying and selling homes generally stay clear of investing straight in creation, but the Rosneft offer may be interesting as it could give them access

Exceptional-Rosneft seeks to tempt trading houses into Arctic oil project, sources say

(Updates Jan. 15 tale to consist of Rosneft comment on supply offers)

* Kremlin oil major seeks new partners for Vostok oil -sources

* Undertaking is staying valued at $70-150 billion -resources

* Traders eager on new volumes, great on Arctic improvement -resources

* Talks with Asian prospective buyers, majors have stalled -sources

MOSCOW, Jan 28 (Reuters) – Russian state oil key Rosneft is courting investments from global buying and selling residences to assist acquire a single of the world’s biggest oil deposits, soon after talks with other probable companions stalled adhering to a collapse in oil costs, 4 resources familiar with the discussions instructed Reuters.

Rosneft is in conversations with Vitol, Glencore and Gunvor, among other people, in excess of investments in its Vostok Oil task in the Arctic, having presently secured a deal with Swiss-based mostly Trafigura, which took a 10% stake at

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

Unique-Rosneft seeks to tempt trading properties into Arctic oil job, resources say

(Updates Jan. 15 tale to include Rosneft comment on provide deals)

* Kremlin oil big seeks new associates for Vostok oil -sources

* Undertaking is getting valued at $70-150 billion -sources

* Traders eager on new volumes, neat on Arctic growth -sources

* Talks with Asian purchasers, majors have stalled -resources

MOSCOW, Jan 28 (Reuters) – Russian state oil big Rosneft is courting investments from world wide trading residences to support create one of the world’s most important oil deposits, immediately after talks with other possible associates stalled pursuing a collapse in oil charges, four resources acquainted with the conversations informed Reuters.

Rosneft is in conversations with Vitol, Glencore and Gunvor, among the some others, about investments in its Vostok Oil venture in the Arctic, possessing currently secured a deal with Swiss-based mostly Trafigura, which took a 10% stake at the conclusion of past calendar

Distinctive-Rosneft seeks to tempt buying and selling houses into Arctic oil venture, sources say

(Updates Jan. 15 story to include Rosneft comment on offer promotions)

* Kremlin oil significant seeks new associates for Vostok oil -sources

* Venture is being valued at $70-150 billion -resources

* Traders eager on new volumes, cool on Arctic advancement -resources

* Talks with Asian potential buyers, majors have stalled -resources

MOSCOW, Jan 28 (Reuters) – Russian condition oil main Rosneft is courting investments from world investing houses to help produce just one of the world’s biggest oil deposits, just after talks with other attainable partners stalled following a collapse in oil selling prices, four resources acquainted with the conversations instructed Reuters.

Rosneft is in conversations with Vitol, Glencore and Gunvor, among the some others, over investments in its Vostok Oil venture in the Arctic, possessing currently secured a deal with Swiss-primarily based Trafigura, which took a 10% stake at the conclusion of past

Poor for company? Biden’s initial govt order locations restrictions on nation’s oil and fuel business

The steps set in position with the government order will restrict oil and gasoline buying and selling prospective with Canada and probable increase demand from customers for center japanese oil imports

TEXAS, United states of america — In several hours of sitting down at his new desk in the White Property, President Joe Biden signed an government buy that positioned restrictions on the nation’s oil and fuel business.

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

In a natural way the limitations haven’t been obtained very well inside of the oil and gasoline sector, which numerous executives see as a handicap to an sector that has lifted the American economic system to new heights in recent decades.

“It did not acquire him extremely lengthy to toss a wrench in the performs,” claimed Tommy Taylor.

Tommy Taylor is the director of