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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

Green Car Congress

The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2 million metric ton per annum and a storage capacity of 200,000 cubic meters, as well as ancillary facilities to be located 60km from the shore of Akwa Ibom State, Nigeria. —NJ Ayuk, the Executive Chairman of the AEC.

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The Saudi Dilemma: To Cut Or Not To Cut

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It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 In spite of reservations expressed by Nigeria and Libya, if Saudi Arabia managed to convince everyone to cut amid the major tensions with Iran ahead of the U.S. Production is also at record highs, like Russia’s was ahead of the first cuts in 2016.

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Volkswagen plans integrated mobility concept in Rwanda; vehicle production in Kenya

Green Car Congress

Volkswagen also this week inaugurated a vehicle production facility in Kenya. At the inauguration, Diess underlined Kenya’s key role within the Volkswagen brand’s Africa strategy: “ After over 60 years of Volkswagen vehicle production in South and North Africa, I am delighted to now have a further site in Kenya. initiative.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Energy is the foundation of Russia, its economy, its government, and its political system. They pose an existential threat to the industry and therefore to the Russian economy: The revenues Russia can earn from its crude and natural gas exports face intense pressure. The emergence of the U.S., This has transformed the U.S.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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million barrels per day in 1H 2015, in part because as Russia's economy contracted, reducing domestic crude demand to 3.47 While the IEA projects surplus production will begin to recede in 2H 2016, they are suffering now (and in any case, it is a projection). Moreover, Saudi policy, combined with the impact of U.S. MMbbls/day.