PetroPulse
The extreme extreme world world of of oil oil industry industry The
International News Nigerian Crude Oil Production Hits 2.7 Million Barrels... As NNPC, Benue Pledge to Resuscitate Makurdi Depot
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu has revealed that a significant milestone was yesterday recorded in the oil and gas sector as Nigerian crude oil production has increased from 2.4
Million barrels per day to 2.7 mbpd. Engr. Yakubu disclosed this on Thursday when the Governor of Benue State, Dr. Gabriel Suswam led a high powered delegation on a working visit to the NNPC Towers, Abuja. The GMD stated that the security measures put in place
by the Federal Government in the Niger Delta region was beginning to yield positive results as shown in the increased crude oil production in the country.
US warship collides with oil tanker near Gulf.
Shell Leads LNG Competitors Out to Sea With Biggest Ship
BP Still Keen on Russia Despite Troubled Venture
A US guided-missile destroyer collided on Sunday with a Japanese-owned bulk oil tanker near the entrance to the Gulf, but no one was hurt, and the ship is able to operate, the US Fifth Fleet said. “No one was hurt Sunday morning when a US Navy guided-missile destroyer and a large Japanese-owned merchant vessel collided near the Strait of Hormuz,” the Bahrain-based fleet said in a statement on its website.
Shell will forge the hull of a floating LNG plant in South Korea by year-end that will be the world’s largest vessel, weighing six times the biggest aircraft carrier, a Nimitz-class warship. Some 5,000 workers will build the factory to produce LNG off Australia’s northwest coast in a $13 billion project that also will shield Shell from escalating costs it would have to pay at the country’s onshore plants. That also will shield Shell from escalating costs it would have to pay at the country’s onshore plants.
LONDON—BP PLC said Friday it aims to stay in Russia for decades to come and could use some of the proceeds from the potential sale of its stake in joint venture TNK-BP to increase its holding in Russian oil giant OAO Rosneft. BP said it wanted to continue its investments in Russia regardless of whether it sells its 50% stake in TNK-BP to Rosneft or to the group of Soviet-born billionaires who own the other half of the joint venture. The comments illustrate the U.K.based energy company’s desire to retain a significant presence in oil-rich Russia. February May / June2013 2012
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