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Downstream

NNPC, Azikel Refinery Sign Petroleum Products Sales and Purchase Agreement

The Nigerian National Petroleum Company Retail Limited a petroleum distribution and retailing downstream arm of NNPCL Group has signed a strategic partnership agreement with Azikel Petroleum Limited in the area Petroleum Products Sales and Purchase Agreement. The ground breaking ceremony is an healthy development for the downstream sector of the Nigerian oil and gas industry […]

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Shell Nigeria resumes crude oil supply to Port Harcourt refinery

Shell Nigeria has said on Friday February 9, 2024 that the company has resumed supply of crude oil from its Bonny export terminal to the state-owned refinery in Port Harcourt which is expected to start operations in the first quarter of this year, the company said on Friday as Reuters said. According to report available […]

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PRAX Group Signs Agreement To Acquire Interest In NATREF Refinery

The Prax Group has signed a Sales and Purchase Agreement (SPA) to acquire a 36.36% interest in National Petroleum Refiners of South Africa refinery (Natref) from TotalEnergies. Natref is a Joint Venture (JV) between TotalEnergies Marketing South Africa and Sasol (63.64%). The transaction is subject to customary approvals, consents, and authorisations. The Prax Group has […]

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Kuwait’s Oil Sector Profits Soar, Kudos To 615,000 bpd Al-Zour Refinery

Kuwait’s oil sector said that the nation’s energy companies have achieved unprecedented high profits margins of KD 2.6 billion (USD 8.4 billion) for the fiscal year to year 2022/2023 given credit to soon operation of the nation’s world biggest refinery and the exceptional feats of the experienced staff. According to a news source Zawya, The […]

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NNPC Acquires OVH Energy Downstream Investment Portfolios In Africa

In quest to evolve into a global profit oriented enterprise and sequel to its recent rebranding, the Nigerian National Petroleum Company (NNPC) Limited has acquired OVH Energy Marketing Limited’s downstream assets. The assets acquired from the company, which operates Oando filling stations, include a reception jetty with 240,000 metric tonnes monthly capacity and eight liquefied petroleum gas […]

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McDermott Wins FEED Contract From Viva Energy Australia

McDermott International has been awarded a Front-End Engineering Design (FEED) contract from Viva Energy Australia as part of its Geelong Refinery project to provide additional desulfurization capabilities. The award follows the successful completion of the Pre-FEED activity and encompasses early engineering and procurement services to support the project schedule. Under the contract scope, McDermott will […]

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TotalEnergies And ADNOC Strengthen Ties In Egyptian Downstream Sector

The partnership between TotalEnergies and ADNOC has been further strengthened following the signing by ADNOC Distribution of an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt LLC for a consideration of approximately $200 million. This new transaction follows the signing of the strategic partnership agreement signed by TotalEnergies and ADNOC on the occasion […]

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Shell Exits Retail And Lubricants Businesses In Russia

Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij, subsidiaries of Shell plc, have completed the sale of Shell Neft LLC, Shell’s retail stations and lubricants business in Russia, to PJSC LUKOIL. This follows the receipt of all necessary regulatory approvals. The sale agreement was announced on May 12, 2022. All people currently working for Shell Neft, […]

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NNPC To Construct A 50,000liters Petroleum Products Terminal In Brass Island

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has  recently in ongoing Nigerian Continent Midstream-Downstream Oil and Gas summit in Lagos disclosed the Federal Government plan between NCDMB in partnership with NNPC to construct a 50,000liters petroleum products terminal in Brass Island to support storage and distribution of white products in […]

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Angolan Greenfield Cabinda Project Passes Equipment Testing Stage

The Angola’s Ministry of Mineral Resources, Petroleum and Gas have announced a successfully testing of Cabinda refinery Equipment for the upcoming Cabinda refinery at a facility in Houston recently. Factory acceptance testing was performed by Vfuels Oil & Engineering on Monday with positive results. Cabinda Refinery Equipment tested includes a modular crude oil distillation unit […]

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