Sirius Energy& Petro

Sirius Energy & Petroleum is a physical commodities trading firm that specializes in the trading of crude oil, refined petroleum products and LNG.

#OOTT

[NNPC Limited @nnpclimited]

WATCH NOW:

Port Harcourt Refinery! Back and Better!

#EnergyForToday
#EnergyForTomorrow

[NNPC Limited @nnpclimited]

PRESS RELEASE

NNPC Ltd Moves to Revive Brass, OK LNG Projects

In its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd. has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects.

NNPC Ltd.’s Chief Financial Officer (CFO), Mr. Umar Ajiya disclosed this on the sidelines of the ongoing 2024 Gas Technology Conference and Exhibition (Gastech), in Houston, United States, on Thursday.

Brass LNG and OK LNG are two LNG projects with the potential of manifold economic benefits for the country which include job creation, power generation, revenue generation and economic diversification. The multi-billion-dollar projects were however stalled due to unfavourable market dynamics and slow decision-making by the political class in the past.

"In the past, gas prices went down, the economics of the projects meant a high Capital Expenditure (CAPEX), and this was a dis-incentive for investors and partners. Also, there was slow decision-making by the political class," the CFO added.

While describing NNPC Ltd. as a commercially driven Company which recognises timely project development and execution, the CFO said there are abundant gas resources in many parts of the world and therefore, the earlier Nigeria makes smart decisions to bring partners to the table, the better.

Ajiya commended President Bola Ahmed Tinubu for his support in driving new projects in the Industry through the Presidential Executive Orders on Oil & Gas Reforms.

"We are also happy to have the Petroleum Industry Act, 2021 (PIA) which has provided fiscal incentives for investors and is creating the enabling environment that has rekindled hope in the energy sector."

Ajiya described Gastech as an avenue for NNPC Ltd. to learn new technologies which will help the Company decarbonise its operations and promote its abundant LNG resources to the global market.

Gastech is the world’s leading forum dedicated to delivering a more sustainable energy future by bringing together experts who brainstorm to create pathways towards global energy security for lasting climate impact.

Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja

20th September, 2024

[NNPC Limited @nnpclimited]

NNPC Limited Announces Record N3.3 Trillion Net Profit for 2023.

[LNG by S&P Global Energy @SPGEnergyLNG]

#Japan's new METI minister urges long-term #LNG contracts for #energysecurity

▪️ Sees LNG as essential fuel for transition: minister
▪️Importance of long-term LNG contracts likely to be a topic in #Hiroshima

Read ➡️ https://t.co/DSMsb8SmBy

[Energy Expansion and Sustainability by S&P Global @SPGEnergyES]

In Episode 3 of All Things Aviation, our series exploring key dynamics and trends in the #aviation sector, our experts talk about the complexities of the rapidly evolving Sustainable Aviation #Fuel market, including feedstocks, policy and distribution. 

🔗https://t.co/Sge4NTWUa3

[Burnsco @garquake]

Another strong week in Oil Pricing and Canadian Heavy WCS along with investors continue to benefit from Trans Mountain expansion -
Fall spread of only $12 - very nice #com #oott $imo $ath.to $meg.to $cnq $su $cve $bte.to

[Javier Blas @JavierBlas]

Libya oil production is back to its pre-crisis level, with pumping reaching ~1.2 million barrels a day (according the country's state-owned company claim) #OOTT

[Javier Blas @JavierBlas]

OIL SANCTIONS: Washington formally lifts for 6-months oil sanctions against Venezuela (via a so-called “general license); see below) allowing state-owned PDVSA to resume crude and fuel exports to the US | #OOTT #Venezuela 🛢️🇻🇪🇺🇸⛽️

[Javier Blas @JavierBlas]

BREAKING: Chevron buys oil company Hess in all-stock deal worth $53 billion.

The deal comes days after Exxon-Pioneer deal.

With Hess purchase, $CVX is buying into one of the hottest oil provinces: Guyana. Plus also significant shale in the Bakken.

#OOTT https://t.co/9uWBk1wkX8

[Argus Media @ArgusMedia]

🌐 News story: South Korea's state-owned KNOC has signed a deal with #SaudiArabia's state-controlled Saudi @Aramco to store 5.3mn bl of #crude at the KNOC storage facility in Ulsan | #OOTT

By #ArgusMedia: https://t.co/Fqwtwedbrw

[Javier Blas @JavierBlas]

CHART OF THE DAY: Based on current energy and climate policies, @IEA sees global oil, gas, and coal demand peaking by 2030.

In that scenario, coal consumption experiences a rapid decline, while oil and gas demand remains for decades at a high plateau. https://t.co/gYEUPt3QDF

[Javier Blas @JavierBlas]

What a spectacular ride for Guyana.

It has gone from zero oil output in 2019 to >500,000 b/d in early 2024, with the two top US oil companies -- Exxon and Chevron (after Hess deal) -- leading the development. Important both from a geopolitical and corporate perspectives | #OOTT

[Susan Sakmar @SusanSakmar]

#LNG capacity additions by country with #USLNG & #Qatar accounting for 60% of new supply set to come online by 2030. #IEA #WEO23 #ONGT

[Dangote Group @DangoteGroup]

Some facts about Dangote Petroleum Refinery that you should know
#WeAreDangote #EnergyForAll #AfricaEmpowered #DangoteRefinery

[Cheniere Energy Inc. @Cheniere]

Announcing 2 new SPAs with Chevron U.S.A. Inc. (CUSA). Each SPA details CUSA purchasing ~1.0 mtpa of LNG. Under the first SPA, deliveries begin in 2026 and under the second SPA, deliveries begin in 2027 and continue for ~15 years.
Full details: https://t.co/DkIjdeEvs2
#WeAreUSLNG

[Dan Tsubouchi @Energy_Tidbits]

#LNGSupplyGap. @exxomobil, @shell previously, @Chevron latest of #LNG supply leaders to lock up long term supply for their supply portfolios. #Chevron locking up 0.26 bcf/d for 15 yrs from @Cheniere. #NatGas & LNG look good thru 2030. #OOTT

[Archie @megacontango]

Switzerland has long been a haven for commodities traders, including those with strong links to Russia.

But sanctions are changing that: now traders of Russia's coal, oil and grains are moving to Dubai. Story w @BenBartenstein @V_Ratcliffe @isiscarol14

https://t.co/ZHSqWhxIFH

[Sirius Energy& Petro @SiriusEP]

The Hidden Driver of High Gas Prices https://t.co/ObPhP8Y7o7

[David Dayen @ddayen]

The "crack spread," the difference between the price of crude and that of refined products like gasoline, has gone in mostly a straight line for 5 years until February and then tripled https://t.co/kOT2isKvxc

[David Dayen @ddayen]

NEW from me: the X-factor in surging U.S. gas prices is refinery capacity, which has dramatically reduced over the past couple years and been subject to rampant consolidation and market power for long before that
https://t.co/kOT2isKvxc