The Port Harcourt plant currently operates at 30% capacity, Oando said in a notice on Monday, adding that the discussions are expected to be finalised in July.
Eni is also expected to shortly announce an MoU with the government on the construction of a 150,000-bpd greenfield refinery, Minister of State for Petroleum Resources Emmanuel Ibe Kachikwu said last week.
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More
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