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Downstream

Nigeria’s Dangote Refinery in discussion with traders for finance

Africa’s richest man Aliko Dangote is in talks with some of the world’s biggest oil traders to help finance his mega refinery project outside of Nigeria’s commercial centre Lagos, sources with knowledge of the matter said, although his company denied the discussions. The 650,000 barrel-per-day refinery, once complete, will be the continent’s largest plant and […]

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African Region Downstream Sector Investment Outlook, new Refinery Projects

Ghana Ghana’s sole oil refinery Tema remains offline and the plant is unlikely to restart for a few more months due to a lack of crude and feedstock, a source close to the matter said. The plant has only operated for about two months in 2021 and repair works are being carried out. It had […]

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Shell divest Deer Park refinery interest to partner Pemex

Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). The transaction will transfer Shell’s interest in the […]

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Shell divests Alabama refinery to Vertex Energy

Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP, subsidiaries of Royal Dutch Shell plc (Shell), have reached an agreement for the sale of the Mobile Chemical LP Refinery in Mobile, AL, to Vertex Energy Operating LLC (Vertex Energy). Vertex Energy is a U.S. owned, Texas-based specialty refiner of […]

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BUA Group awards Akwa Ibom Refinery Engineering Contract Project to KBR

With the recent signing of a progress acknowledgment statement between BUA Group and Axens of France for the former’s proposed 200,000barrels per day refinery in Akwa Ibom, KBR, Inc. has announced that it has been awarded a contract to complete the Front-End Engineering Design (FEED) for BUA Group’s new, modern refinery facility in Nigeria. The […]

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Maire Tecnimont: USD 1.5 billion Refinery contract has consolidated our presence in Nigeria

Maire Tecnimont S.p.A. has announced that its subsidiary Tecnimont S.p.A. has been awarded a contract by the Federal Executive Council to carry out Rehabilitation works for the Port Harcourt Refinery Company Limited, located in Port Harcourt, Rivers State, in Nigeria, which is a subsidiary of Nigerian National Petroleum Company (NNPC).  The overall contract’s value is about USD 1.5 billion. […]

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IES Projects 3% – 5% of Petroleum Products Hike

The Institute for Energy Security, IES, is predicting a 3– 5 per cent increase in both petrol and diesel prices at the pumps within the first 2 weeks of December, which makes up the first pricing window of the month Ghanaian Times reported. The energy think tank attributes the expected jump in fuel prices to […]

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COVID-19, Crude oil slide put most African oil and gas projects in abeyance

The world oil and gas sector was thrown into unprecedented economic crunch owing to the advent of novel pandemic that is currently bedeviling the global finance.  Major exploration and production companies have   penultimately announced delays and cancellations impacting minor projects, but the start-up dates of most major hydrocarbon projects are expected to be postponed by […]

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McDermott Grabs Nigeria’s Modular Refinery Contract

McDermott a premier, fully-integrated provider of engineering and construction solutions to the energy industry has been awarded a large engineering and procurement contract from Azikel Petroleum for the modular 12,000 BPD Hydro-Skimming Refinery project. The facility will be located in Yenagoa, Bayelsa State Nigeria. The scope of the award includes the detailed engineering and design of […]

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TechnipFMC in a Major $1b Hydrocracking Complex Contract with Assiut National Oil Processing Company (ANOPC) in Egypt

TechnipFMC  a global leader in subsea, onshore/offshore, and surface projects has signed an over $1 billion major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. This EPC contract covers new process units such as a Vacuum Distillation […]

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