Downstream News

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Nigeria's Senate Launches Brass LNG Corruption Investigation
Wednesday, January 24, 2018 Nigeria will hold an investigation into alleged corruption involving the state oil firm's long-awaited Brass LNG project.

Nigerian State Oil Firm's Board To Decide On Refinery Investors This Month
Tuesday, January 23, 2018 NNPC's board will decide on the investors for its three major refineries this month.

Nigeria State Oil Firm Says Gas Pipeline Explosion Has Not Affected Supply
Friday, January 12, 2018 Nigeria's state oil firm says the supply of gas had not been affected by an explosion the previous day on a major pipeline.

Angola LNG Production Setback Prompts Tender Cancellation
Monday, January 08, 2018 A production issue affecting the Chevron-led Angola LNG export facility has prompted the cancellation of a tender.

Nigeria Restores Supply Of Gas On Pipeline Affected By Fire-State Oil Firm
Monday, January 08, 2018 Nigeria has fully restored the supply of gas on a pipeline affected by a fire last week.

Nigerian Power Grid Shut Down By Gas Pipeline Fire
Wednesday, January 03, 2018 Nigeria's electricity grid has been shut down by a fire on a gas pipeline.

Nigeria's Rush For Petrol Could Save Europe's Sagging Margins
Monday, December 18, 2017 Nigeria's rush to keep its citizens supplied with fuel is expected to boost purchases of European gasoline in December.

New Africa Gas Comes at Right Time for Europe in Supply Woes
Friday, December 15, 2017 The extra output couldn't come at a better time for Cameroon.

Refining Capacity Growth In Nigeria Will 'Substantially' Erode Exports
Wednesday, December 13, 2017 Nigeria's projected growth in refining capacity over the early 2020s will 'substantially' erode the country's crude oil exports due to a 'weak' new project pipeline.

Nigeria's 650,000 Bpd Dangote Refinery Seen Onstream By End 2019
Tuesday, October 24, 2017 A refinery being built in Nigeria is due to come onstream by the end of 2019.

Ghana Fuel Site Blast Kills at Least 7, Injures Dozens
Monday, October 09, 2017 The site includes an LPG storage depot and two service stations run by state-owned GOIL and oil major Total.

Glencore Strikes Multi-Year Purchase Deal With Angola LNG
Wednesday, September 20, 2017 Glencore is to buy LNG supplies from Angola LNG over a multi-year period.

Russia's Gazprom Signs LNG Supply Deal With Ghana
Monday, September 18, 2017 Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas.

Sulphurous Fuels Flow To West Africa As States Defer Tougher Rules
Wednesday, September 13, 2017 Nigeria and several other West African states are not expected to implement rules banning imports of sulphur-heavy fuels until Dec. 1.

Nigeria's Shoreline Energy Signs $300 Million Gas Deal With Shell
Monday, September 11, 2017 Shoreline has signed a $300 million agreement with the local unit of Shell to develop gas infrastructure around the commercial capital, Lagos, both companies say.

Angola LNG Strikes Multi-Year Sales Deal With Vitol
Tuesday, September 05, 2017 Angola's sole LNG export facility will begin delivering shipments to commodity trader Vitol later this year.

Ghana, Equatorial Guinea Presidents To Sign LNG Deal
Monday, August 21, 2017 Ghana's President Nana Akufo-Addo plans to sign an agreement to import LNG from Equatorial Guinea during his three-day visit.

Nigeria's Forte Oil In Talks On Refinery Deal To Boost Capacity
Friday, August 04, 2017 Nigeria's Forte Oil In Talks On Refinery Deal To Boost Capacity

West African Oil Booms As Refineries Cash In On High Margins
Wednesday, August 02, 2017 Booming refinery profits are helping West African oil producers sell cargoes quickly, aided by a shortage in certain types of crude.

African LNG Exports To Get Boost From Offshore Projects
Thursday, July 27, 2017 Cameroon plans to begin exporting LNG later this year using a newly designed offshore plant.

Nigeria's Aims To Diversify As 'Era Of Oil Booms' Ends
Wednesday, July 26, 2017 Nigeria plans to cut its oil exploration costs and move away from reliance on crude for export revenues.

Nigeria's Acting President To Return To Restive Oil Heartlands
Tuesday, July 25, 2017 Nigeria's acting president will meet again with community leaders from the Niger Delta oil heartlands next week.

Nigeria Oil Thieves Keep a Lid on Output Even as Bombs Abate
Thursday, July 20, 2017 The continual disruption blighting the impoverished delta region threatens plans to exceed 2 million barrels a day, according to Wood Mackenzie.

Nigerian Fuel Retailer Nipco Launches $16MM Offer For Mobil Oil Shares
Wednesday, June 21, 2017 Nipco launches a $16 million offer for the shares it needs to take its stake in Mobil Oil to 70% to comply with Nigerian takeover rules.

NNPC: Indonesian Firm Interested In Building Crude Oil Refinery In Nigeria
Wednesday, June 21, 2017 PT Intim Perkasa has expressed an interest in building a refinery in Nigeria, the West African country's state oil company says.

Oil Minister: Nigeria Plans To Raise $1.2B For Refineries
Thursday, June 08, 2017 Nigeria plans to raise $1.2 billion to upgrade its oil refineries, aiming to end a reliance on oil product imports by 2019.

Equatorial Guinea Sees Fortuna FLNG Off-Taker Decision In August
Monday, June 05, 2017 Equatorial Guinea has short-listed Shell and oil traders Gunvor and Vitol for an off-take agreement at its Fortuna FLNG export terminal.

Nigerian Senate Votes to Halt Eni's Port Harcourt Refinery Deal
Tuesday, May 30, 2017 Nigeria has a refining capacity on paper of 445,000 barrels per day but imports most of its gasoline needs given the facilities' poor condition.

Fuel Theft Report Exposes '800-pound Gorilla'
Tuesday, May 23, 2017 Multibillion-dollar illicit fuel trade a global problem, says author of refined oil theft study.

Nigeria Activist Group Calls For Progress On Small-Scale Oil Refineries
Tuesday, May 23, 2017 An activist group in Nigeria's oil-rich Delta region calls for the government to advance plans to allow illicit bush refineries to be converted into legal operations.

Carlyle Battles Insurers in New York Over Moroccan Oil Losses
Monday, May 22, 2017 Carlyle Group is suing a group of its insurers over $400 million worth of oil it claims it lost when Morocco's sole refinery went bankrupt two years ago, court documents show.

Eni to Build Crude Oil Refinery in Nigeria -Oil Minister
Tuesday, May 09, 2017 Italian oil company Eni plans to build a crude refinery in Nigeria with capacity of 150,000 barrels a day through its Agip subsidiary, the country's oil minister said on Tuesday.

Ophir to Borrow $1.2B from Chinese Banks for Fortuna Floating LNG
Monday, May 08, 2017 British oil and gas explorer Ophir Energy plans to borrow $1.2 billion from Chinese banks to back the development of its Fortuna floating liquefied natural gas (FLNG) export project in Equatorial Guinea.

Total-led Consortium to Start Building Cote d'Ivoire LNG Terminal This Year
Wednesday, April 26, 2017 An international consortium led by the France's Total SA plans to start construction of an LNG terminal in Cote d'Ivoire by mid-2017, an official from Azeri SOCAR Trading said on Wednesday.