True Dominion Enterprises Ltd

Friday, 1 February 2019

U.S. natgas use hits record high during freeze, utilities urge conservation

01 February 2019, News Wires — U.S. homes and businesses used record amounts of natural gas for heating on Wednesday as an arctic freeze blanketed the eastern half of the country, prompting several utilities to urge customers to cut back on energy use. Harsh winds brought record-low temperatures across much of the Midwest, causing at least … More »

Airline operator wants local production of aviation fuel

Mkpoikana Udoma 01 February 2019, Sweetcrude, Port Harcourt — A call has been made to stakeholders in the nation’s oil and gas sector to as a matter of urgency, consider the local production of aviation fuel, popularly called Jet A-1. Aviation fuel is a specialized type of petroleum-based fuel used to power aircraft, which is … More »

Stakeholder wants regulators to ensure IOCs give jobs to capable firms

Mkpoikana Udoma 01 February 2019, Sweetcrude, Port Harcourt — Indigenous engineering services firm, Engineering Automation Technology Ltd has called on local content regulators, to ensure that oil multinationals give jobs to local firms with strong structures and adequate capacity. The Managing Director and Chief Executive Officer of the firm, Mr. Emmanuel Okon, lamented that multinational oil … More »

Goldman Sachs leads 2018 ranking of M&A Oil & Gas financial advisers

01 February 2019, Sweetcrude, Lagos — Goldman Sachs has claimed the top position in the latest M&A league table of the top 10 financial advisers for the Oil & Gas sector for FY 2018, compiled by leading data analytics company GlobalData. The American bank scored the top rank with a deal value of $151.8bn, with … More »

Nigerian crudes offered near $2.50 dated Brent, traders say too high

OpeOluwani Akintayo 01 February 2019, Sweetcrude, Lagos — Nigerian crude oil grades, Bonny Light and Qua Iboe for March loading were put up for sale at near $2.50 a barrel above dated Brent, according to a market report. The price was up from about $2.15-2.20, but traders say the price was too high and should … More »

Nigerian govt to revive Port Harcourt refinery by 2020

OpeOluwani Akintayo 01 February 2019, Sweetcrude, Lagos — The federal government is doing everything possible to ensure that the Port Harcourt refinery is up and running by 2020. Nigerian National Petroleum Corporation, NNPC’s Chief Operating Officer, Refineries, Mr. Kragha Anibor, disclosed this in a statement on Thursday. According to him, the country’s four refineries are … More »

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