Nigeria Set to Commission Dangote Refinery
Amid hopes of an end to Nigeria’s repeated fuel shortages, Dangote Petroleum Refinery will be commissioned. But the country’s main obstacle for achieving full production is the lack of crude supply.
News / International
STEP Polymers SPA Selects Petrofac, HQC for $1.5B Project in Algeria
STEP Polymers SPA, a 100% Sonatrach subsidiary, has selected the Petrofac and Huanqiu Contracting & Engineering Corporation (HQC) joint venture (JV) to execute a significant petrochemical project in Algeria.
Eni, Other Companies Launch “ROAD – Rome Advanced District”
Eni, Acea, Autostrade per l'Italia, Bridgestone, Cisco, Gruppo FS and NextChem (MAIRE) has launched “ROAD -Rome Advanced District” project, which is a network of companies, to develop the first technological innovation district dedicated to developing new energy supply chains, applied industrial research collaborations and academic research.
TotalEnergies to Start Operations for $27B Iraqi Energy Project in H2 2023
Iraq expects TotalEnergies to start operations in a long-delayed oil, gas, and renewable energy project, at 27 billion USD, in the second half of 2023, Sky News Arabia reported.
QatarEnergy Awards EPC Contract for NFS Project
QatarEnergy awarded a $10‐billion engineering, procurement, and construction (EPC) contract for the North Field South (NFS) project, which comprises two LNG mega trains with a capacity of 8 tons per annum (MTPA) each.
PDVSA’s New Management Expects to Increase Oil Output, Refining
Venezuelan state-owned oil and natural gas company PDVSA's new management anticipates to increase the country’s output to 1.17 million barrels per day.
Eni to Issue New Fixed Rate Bonds
Eni intends to place new fixed rate bonds with a 4-year and 10-year maturity (the “Bonds”), under its existing Euro Medium Term Note Program.
TotalEnergies Launches Its Largest Battery Energy Storage Project in Europe
In a new step in TotalEnergies' development of battery energy storage systems (BESS), TotalEnergies has launched a battery farm project for energy storage with a power rating of 25 MW and capacity of 75 MWh in Belgium, Total's Antwerp refinery. Total will start installing the battery by the end of 2024, to help meet the European and Belgian high-voltage transmission network 24/7.
Eni Launches First Tranche of Share Buyback Program
Following its authorization granted by the Ordinary and Extraordinary Shareholders’ Meeting, Eni declared that the first tranche of the share buyback program, which will concern up to a maximum of 62 million of Eni’s shares (approximately 2% of share capital), will be launched in the next days.
Iran, Iraq Oil Ink Energy Cooperation MoU
Iran, Iraq signed a memorandum of understanding (MoU) to cooperate in oil, gas, and petrochemical projects.
