http://www.hydrocarbonprocessing.com Hydrocarbon Processing Nigeria's NNPC stake in Dangote refinery reduced over non-payment http://hydrocarbonprocessing.com/news/2024/07/nigerias-nnpc-stake-in-dangote-refinery-reduced-over-non-payment/ Nigerian state-owned oil firm NNPC’s shareholding in Dangote refinery has been whittled down to 7.2% from 20% after failing to pay the balance of funding owed. bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth http://hydrocarbonprocessing.com/news/2024/07/bp-energy-outlook-two-main-scenarios-see-2025-oil-peak-rapid-renewables-growth/ bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday. Nigeria's NNPC seeks new oil-backed loan to boost finances, debt to gasoline suppliers has doubled http://hydrocarbonprocessing.com/news/2024/07/nigerias-nnpc-seeks-new-oil-backed-loan-to-boost-finances-debt-to-gasoline-suppliers-has-doubled/ Nigeria's NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive said, as pressure mounts on the state-backed oil company the economy depends upon. Africa could compete in fuel exports, but massive investments are needed http://hydrocarbonprocessing.com/news/2024/07/africa-could-compete-in-fuel-exports-but-massive-investments-are-needed/ Africa could become a refined fuel exporter, with at least two top-notch refineries due to come on stream within the next five years, but it must overcome its dire infrastructure and a funding crunch. South Africa has vast potential for SAF production http://hydrocarbonprocessing.com/news/2024/07/south-africa-has-vast-potential-for-saf-production/ The International Air Transport Association (IATA) has called on South Africa to mobilize its experience, resources and infrastructure to accelerate the development of sustainable aviation fuel (SAF) production. As Nigeria's gasoline debt hits $6 B, some traders back out http://hydrocarbonprocessing.com/news/2024/07/as-nigerias-gasoline-debt-hits-6-b-some-traders-back-out/ Nigeria's debt to gasoline suppliers has surpassed $6 billion - doubling since early April - as state oil firm NNPC struggles to cover the gap between fixed pump prices and international fuel costs. Nigeria's Dangote refinery boosts gasoil exports to West African market http://hydrocarbonprocessing.com/news/2024/06/nigerias-dangote-refinery-boosts-gasoil-exports-to-west-african-market/ Nigeria's new Dangote oil refinery is increasing gasoil exports to West Africa, taking market share from European refiners. Nigeria's Dangote Refinery says it is operating normally after fire http://hydrocarbonprocessing.com/news/2024/06/nigerias-dangote-refinery-says-it-is-operating-normally-after-fire/ Nigeria's Dangote Refinery is operating normally after a fire at its effluent treatment plant, it said on Wednesday, after videos circulated online of dark plumes of smoke at the 650,000-bpd facility. New DNV survey highlights oil and gas sector paradox http://hydrocarbonprocessing.com/news/2024/06/new-dnv-survey-highlights-oil-and-gas-sector-paradox/ The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector. Egypt needs to import $1.18 B in fuel, natural gas to end power cuts http://hydrocarbonprocessing.com/news/2024/06/egypt-needs-to-import-118-b-in-fuel-natural-gas-to-end-power-cuts/ Egypt needs to import around $1.18 B worth of mazut fuel oil and natural gas to end persistent power cuts exacerbated by consecutive heat waves.