Downstream

Seplat Petroleum continues to record strong financial performance

Seplat 31Seplat Petroleum Development Company Plc, a Nigerian independent oil and gas company, continues to record strong financial performance and sustained profitability, with the revenue boosted to US$568mn for the nine months ended on 30 September 2018, up from US$279mn in the same period in 2017

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Dangote Refinery project to boost Nigeria’s downstream sector

Dangote 31Dangote oil refinery project is set to boost activities in Africa’s downstream petroleum sector, according to Babatunde Paul Ruwase, president of Lagos Chamber of Commerce and Industry (LCCI)

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Eni buys 49 per cent stake in three Algerian oil concessions

Eni 30Africa-focused oil and gas company Eni has signed an agreement with Algeria’s state oil company Sonatrach, a move in which Eni takes a 49 per cent stake in three oil concessions in the onshore North Berkine basin, located in the Algerian desert

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TechnicFMC's total revenue reached at US$3,143.8mn in Q3 2018

technicfmc 26TechnicFMC has successfully completed the vessel campaign for FPSO North at Total Kaombo project in Angola and announced the first steel cut for hull in September 2018 for ENI Coral South FLNG project in Mozambique

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TUV launches new projects to tackle flow meter performance

dropbox 23TUV SUD NEL, the flow measurement R&D specialist, has launched two industry-wide collaborative projects to address the impact that evolving real-world conditions have on flow meter performance

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