National Oil Companies (NOCs) are diversifying beyond their upstream oil and gas core, with major NOCs forecast to spend more than US$116bn in new petrochemicals projects, according to GlobalData, a data and analytics company
Gas
IEA: Global LNG market raises new challenges for the global security of energy supplies
The evolution of the global natural gas market, which has been driven by the growth in liquefied natural gas (LNG) demand, continues to change the relationship between buyers and sellers and raises new challenges for the global security of energy supplies, according to the International Energy Agency (IEA)
Nigeria launches virtual gas pipeline system
The Nigerian National Petroleum Corporation (NNPC) and a private firm have signed a contract for the activation of virtual gas pipeline network for power generation, in the drive for optimisation of the nation’s vast gas resources
No BP Egypt asset acquisition deal for SDX Energy
SDX Energy, which focuses on North African oil and gas projects, has announced that talks to buy some of BP’s Egyptian assets have been abandoned
NCDMB partners Dangote Refinery on local content implementation
Nigerian Content Development and Monitoring Board (NCDMB) has declared its intention to partner with Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) on the effective implementation of the Local Content policy in the country
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