Skip to main content

Gas processing

Downstream news from Africa

A look at some recent downstream news from Africa. Including news from Libya and Nigeria.

 

Syrian sanctions tightened

The EU has tightened oil sanctions on Syria after the government started a fresh wave of crack-downs on dissent in the country.

 
 

GE acquires Converteam for US$ 3.2 billion

GE has acquired for Converteam, the two companies compliment each other should enhance GE’s existing capabilities as well as helping them break into fast growing regions such as Brazil and Russia where Converteam have already made significant in-roads.

 

Pacific Basin outlook

Lucy Miller, Douglas Westwood Ltd, UK, describes the changing focus of the LNG market towards the Asia Pacific region.

 
 

Global refining review: Part 1

Stephen George, KBC Process Technology Ltd, UK, provides an overview of the worldwide refining industry. In the first installment of this two part article, the value in Atlantic Basin refinery transactions is assessed against the context of the global economic downturn.

 
 

Pazflor field comes onstream ahead of schedule

Total, operator of Block 17, today announced that the giant Pazflor field offshore Angola has come on stream ahead of the initial schedule. The Pazflor field lies 150 km off Luanda in water depths ranging from 600 - 1200 m and has estimated proved and probable reserves of 590 million barrels. The field will gradually ramp up to its full production capacity of 220,000 bpd over the coming months.

 
 
 

API on White House ‘costly regulations’

The American Petroleum Institute has said that the White House should add new ozone, greenhouse gas and ‘Tier 3’ fuel regulations to list of unnecessary, costly regulations.

 

Oil prices drop on hopes of swift end for Libya conflict

Oil prices have fallen sharply after news came out that rebel forces were close to victory in Tripoli, the capital of Libya. The rebels reached the city yesterday and have reportedly taken control of four fifths of the capital.