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Downstream

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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ExxonMobil Reviews Shelf Drilling Jack-Up Contract

ExxonMobil has considered reviewing of Jack-up drilling company Shelf Drilling contract. Shelf Drilling Company is one of the world’s largest jack-up contractors owning to number of its operational fleet size, has recently experienced another rig contract review within a short period. Dubai Petroleum was the first to cut the length of the Shelf Drilling Company […]

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Airborne Oil & Gas Wins Thermoplastic Composite Pipe (TCP) flowlines Supply Contract.

Airborne Oil & Gas has been awarded a large contract from an unnamed super-major through Oceaneering to supply Thermoplastic Composite Pipe (TCP) flowlines for deployment in West Africa. It is believed to be the first Thermoplastic Composite Pipe solution of this type utilized in the region and expected to save the operator up to 40% […]

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Dangote Refinery: Transformation Of Downstream sector in Africa

The construction of 650,000 barrels per day of crude oil dangote refinery in Lekki, Nigeria is finally scheduled to come on stream in 2021, while the full. Operations at the refinery is expected to hit its full capacity by middle of 2021, This was disclosed by Devakumar Edwin, a group executive director at Dangote Industries […]

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