True Dominion Enterprises Ltd

Monday, 28 January 2019

RoyalGate Energy extends license in Equatorial Guinea

*Equatorial Guinea’s block Z holds an estimated 3.6 tcf of gas 28 January 2019, Sweetcrude, Houston, USA — African independent RoyalGate Energy has been granted an extension on its Block Z license in Equatorial Guinea, with plans to commence drilling as the oil price stabilizes and the market recovers. African independent, RoyalGate Energy plans to drill … More »

Kokodiagbene community ask Chevron to provide electricity, water

Lucky Omas 28 January 2019, Sweetcrude, Warri, Delta State — Chevron has been urged to provide electricity and potable water for Kokodiagbene community, Gbaramatu kingdom, Warri south local government area from its power plant at its Utonana flow station. The community in a letter signed by its Chairman, Mr. Uyadoghan Powede and the General Secretary, Mr. … More »

28 January 2019, London — Hedge fund managers stepped up their purchases of oil and refined products last week on growing hopes of a U.S.-China trade truce and that the global economy will avoid a severe slowdown in 2019. But fund buying has been concentrated in crude rather than fuels, which is consistent with producer … More »

10,908 foreign ships enter Nigerian waters in 2 yrs, carts away $16.2bn

*Shippers’ Council boss calls for zero duty on ships import Vincent Toritseju 28 January 2019, Sweetcrude, Lagos — Not less than 10,908 vessels belonging to foreigners called at Nigerian ports between 2016 and 2017, carting away about US$16.2 billion, as a result of the lack of capacity on the part of Nigerian shipowners. This is … More »

Aramco to invest $1.6bn on South Korean refiner Hyundai Oilbank

30 January 2019, Seoul — State-owned Saudi Aramco plans to invest $1.6 billion for 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil. Saudi Aramco is already the biggest shareholder in South Korea’s No.3 refiner, S-Oil Corp, with a 63.41 percent stake, … More »

Oil prices fall 1% after U.S increases rig count by 10

OpeOluwani Akintayo 28 January 2019, Sweetcrude, Lagos — Oil prices fell by one percent on Monday after the United States increased its oil and gas rig count by 10 last week. The increase sent a signal of an impending glut in the market, crashing international Brent crude oil futures to $60.74 a barrel at 0804 … More »

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