Environment

Oil rises slightly as Hurricane Harvey hits demand

Crude oil prices rose slightly Thursday, contrary to the expectations of the Organisation of Petroleum Exporting Countries (OPEC), as oil traders focused more on Hurricane Harvey’s hit on oil demand than the impact on supply disruptions.
 
U.S. West Texas Intermediate (WTI) crude futures closed the month down eight per cent, their steepest monthly loss since July 2016.
 
However, the contract traded at $46.09 a barrel, up 13 cents Thursday, after falling more than one per cent on Wednesday.
 

Shell, Mobil shut refineries due to Harvey-related flooding

Oil and gas companies on the Texas Gulf Coast were dealing Monday with the impact of Tropical Storm Harvey, which was unleashing torrential rains and flooding in the Houston area after making landfall Saturday near Corpus Christi.
 
Roughly 2.2 million barrels per day (b/d) of Texas refining capacity remained down, as were major ports in Corpus Christi and Houston.
 

Pipeline vandals harming economy- NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru has appealed to oil pipeline hackers to desist from the act which according to him is not only harmful to the environment but equally hazardous to the pipeline vandals and the economy.
 
Speaking while receiving a delegation of the Nigerian Environmental Society at the NNPC Towers Abuja for a business meeting, Dr. Baru noted that the ugly incident of petroleum pipeline pulverization presented a loss-loss scenario for the vandal, the environment and the economy. 

NNRA trains personnel for nuclear fuel transport

In a bid to further expand Nigeria's energy mix thereby reducing dependence on crude oil for its energy solutions, the Federal Government recently concluded a workshop aimed at providing training and knowledge to staff of the Nigerian Nuclear Regulatory Agency (NNRA) and other key stakeholders involved in nuclear fuel transport in Nigeria.

The training is aimed at increasing Nigeria’s capacity for safety and security during the transportation of nuclear material especially in view of its pending fuel change and transportation for her research reactor.

Nigeria to legalize mini-refineries, supply them crude

Nigeria will legalise currently outlawed mini refineries in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price, the presidency said on Thursday, fulfilling demands from community leaders.
 
On Monday, Niger Delta leaders threatened to pull out of peace talks with the government unless their demands were met by Nov. 1.
 

Niger Delta leaders threaten to pull out of peace talks

 
 
Prominent community leaders in Nigeria's restive Niger Delta oil hub threatened on Monday to pull out of peace talks with the government unless their demands were met by Nov. 1.
 
They told a news conference in Abuja the federal government had failed to implement promises to drag the region out of poverty, a key demand by militants who had stopped attacks on oil pipelines to give peace talks a chance.
 

Pages