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Exploration
Successful PPPs like Gabon Power Company-Perenco driving Gabon's economy
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With its economic indicators showing clear signs of recovery, and the current Parti Démocratique Gabonais (PDG) set to retain power after this year’s elections, Gabon’s economic plans are moving ahead at full speed
Corcel signs acquisition deal with APEX
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AIM-listed Corcel, the extractive industries exploration and development company, with interests across battery metals and oil and gas, has signed its first oil and gas acquisition with the purchase of a 90% interest in Atlas Petroleum Exploration Worldwide ('APEX'), that has working interests in several historically producing oil assets in the Kwanza Basin, onshore Angola
Panoro gives trading and financial updates for Q1 2023
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Panoro Energy ASA announced strong financial performance with revenue of US$60.7mn and EBITDA of US$35.6mn for the first three months
650,000-BPD Dangote Oil Refinery commissioned in Nigeria
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The 650,000 barrels per day (BPD) Dangote Oil Refinery has been commissioned in the Lekki Free Zone near Lagos, Nigeria, in a ceremony attended by President Muhammadu Buhari
The integrated project, said to be the world’s largest single-train refinery and the largest oil refinery in Africa, boasts 1,100 km of pipeline infrastructure capable of handling 3bn scf of gas per day. The refinery alone also has a 435MW power plant.
The complex has been envisioned as the answer to persistent fuel shortages in Nigeria. According to Dangote Industries, it will meet 100% of the Nigerian requirement of all refined products and have a surplus of products for export (a timely development given the energy crisis currently gripping Europe and much of the world).
On a social media post Aliko Dangote, president/CE of Dangote Industries, thanked the people of Nigeria for providing the support required to get the project up and running. He gave special mention to the President, the President-elect and select governors who helped make it possible.
Sanjay Gupta, CEO Dangote Petroleum Refinery and Petrochemicals, also added on the platform, “Everything in this plant by way of size is the first. It is the largest single-train refinery in the world. There is no single column which can process 650,000 barrels per day anywhere else.”
The plant, which took nearly seven years to build, is expected to begin refining crude in June although uncertainty remains over its operational timeline and the supply of crude the facility requires.
To deliver it, a roster of international and local firms were brought together to contribute including the likes of Hyundai Heavy Industries, Sulzer Chemtech, SOFEC, Schneider Electric, Man Diesel & Turbo, Wabag, Mammoet and countless others. All in all, the project has now cost an expected US$18bn but Dangote Industries anticipates the facility to create a market for US$21bn per annum of Nigerian Crude.
BCCK’S G2R-Flex technology enhances propane recoveries
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BCCK, a leader in engineering, procurement, fabrication and field construction services, is offering G2R-Flex, a patent-pending technology designed to optimise propane recoveries
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