Aniket Sharma’s Post

Chevron and Venezuela's PDVSA have formally requested a 15-year extension for their Petropiar joint venture in the Orinoco Belt, aiming to boost crude production from 110,000 bpd to 150,000 bpd. This extension, spanning 2033 to 2047, includes plans for $2.39 billion in investments and drilling up to 386 new wells. The outcome of this request will significantly impact Venezuela's oil production landscape and economic stability. Read more: https://lnkd.in/e6xr2djn #OilAndGas #EnergyIndustry #Chevron #PDVSA #Venezuela #Petropiar #EnergyInvestments #AriesOne #EnergyConsultants #OilAndGasConsultants #PetroleumConsultants #DrillingConsultants #OilAndGasConsultingFirms #OilAndGasProjectManagementServices #OilAndGasStaffing #OilfieldStaffingAgency #OilAndGasRecruitingAgency #OilAndGasWorkforceSolutions

👉Nigerians ask questions? Why can't we Refine our Crude? What is difficult in asking all the oil majors like Total, Shell, Mobil, Agip and Chevron to build a Refinery to refine a percentage of the crude for local consumption. If these companies can do an Exploration or Exploitation of Crude they can also Refine. Nigerians there is nothing difficult in refining crude. The reason we can't Refine Crude is because Oil and Gas are locked up in the Legislative Executive List under the 1999 Constitution. Join NINAS to Take Down the 1999 Constitution and Retake your right to Refine your Crude. Dangote Refinery is a Scam by the Fulani Government and Tinubu government to deceive the Ijaw People and Nigerians.

𝐎𝐢𝐥 𝐑𝐞𝐟𝐢𝐧𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞 & 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐 𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅:  https://lnkd.in/d6VdDGZH The oil refinery is an industrial process plant where crude oil is refined into useful products such as gasoline, petroleum naphtha, diesel fuel, kerosene, fuel oil. The major market #driver for the oil refining market is the growing demand for petroleum products. Economic #growth is one of the major factors affecting petroleum products and therefore crude oil #demand. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧𝐬: 𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭:  [Gasoline, Gasoil, Kerosene, LPG] 𝐁𝐲 𝐄𝐧𝐝-𝐮𝐬𝐞𝐫: [Transportation, Aviation, Marine Bunker, Petrochemical, Agriculture] #Key_Players Reliance Industries Limited, Saudi Aramco Total Refining and Petrochemical Company (SATORP), Essar Oil (UK) Limited, National Iranian Oil Company, PDVSA Petróleos de Venezuela S.A., Kuwait International Petroleum Research Center - KIPRC, TotalEnergies, Hindustan Petroleum Corporation Limited, ExxonMobil, ConocoPhillips, China National Petroleum Corporation, Chevron, Abu Dhabi Oilfield Services, and Valero Energy Ltd (UK) VC: WiseGen

𝐎𝐢𝐥 𝐑𝐞𝐟𝐢𝐧𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐 𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://lnkd.in/d6VdDGZH The oil refinery is an industrial process plant where crude oil is refined into useful products such as gasoline, petroleum naphtha, diesel fuel, kerosene, fuel oils, etc. 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 #Driver – 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 #demand 𝐨𝐟 𝐩𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 The major market driver for the oil refining market is the growing demand for petroleum products. Economic #growth is one of the major factors affecting petroleum products and therefore crude oil demand. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧𝐬: 𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭: [Gasoline, Gasoil, Kerosene, and LPG] 𝐁𝐲 𝐄𝐧𝐝-𝐮𝐬𝐞𝐫: [Transportation, Aviation, Marine Bunker, Petrochemical, and Agriculture] #Key_Players 𝐂𝐨𝐧𝐜𝐞𝐧𝐭𝐫𝐚𝐭𝐞 𝐨𝐧 𝐄𝐧𝐡𝐚𝐧𝐜𝐢𝐧𝐠 𝐭𝐡𝐞𝐢𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐂𝐚𝐩𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 𝐭𝐨 𝐌𝐞𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 #Demand Reliance Industries Limited, Saudi Aramco Total Refining and Petrochemical Company (SATORP), Essar Oil (UK) Limited, National Iranian Oil Company, PDVSA Petróleos de Venezuela S.A., Kuwait International Petroleum Research Center - KIPRC, TotalEnergies, Hindustan Petroleum Corporation Limited, ExxonMobil, ConocoPhillips, China National Petroleum Corporation, Chevron, Abu Dhabi Oilfield Services , and Valero Energy Ltd (UK). VC: The American Petroleum Institute

The Dangote Group has debunked report that Premium Motor Spirit (PMS), popularly known as petrol from its refinery, will likely sell for N600/litre. A report by a national daily had said that Independent Petroleum Marketers are hoping that the company’s petrol would sell between N600 or N650/litre when it is released, as the company plans to launch into the local market this month. https://lnkd.in/dn5KKtEa Aliko Dangote Oando Plc Dangote Industries Limited Aliko Dangote Nigerian Upstream Petroleum Regulatory Commission (NUPRC) African Energy Chamber African Energy WeekNigerian Upstream Petroleum Regulatory Commission (NUPRC) Nigerian Content Development and Monitoring Board Founder Institute Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Ministry of Petroleum Resources, Nigeria NNPC Limited PETAN Petroleum Technology Association Nigeria TotalEnergies Axxela Group LEKOIL Limited Famfa Oil Limited Seplat Energy Plc ADNOC Group Nigeria LNG Limited Addax Petroleum MRS Oil Nigeria Plc Oando Plc Chevron Shell ExxonMobil Oilserv Limited Dangote Oil Refinery Nigeria Sure4Jeri Oil & Gas Nigeria Limited Ardova Plc Techno Oil Limited Conoil PLC Jimcol Resources Nigeria Limited Dovewell Oilfield Services Limited Eland Oil & Gas Chibeco Oil & Gas Nigeria Limited West Atlantic Energy Nigeria Ltd Batoil Services Nigeria Limited Sahara Group

The world's top 5 oil-producing companies 1. Saudi aramco: Leading the global market with an unparalleled production capacity of 13 million barrels per day (BPD), securing its position as the largest oil producer worldwide. 2. ExxonMobil: A major U.S. oil giant, producing approximately 4 million BPD, solidifying its role as a key player in the energy sector. 3. China National Petroleum Corporation (CNPC /PetroChina): With a substantial output of 4.5 million BPD, CNPC stands as a dominant force in the Asian market. 4. Rosneft: The Russian powerhouse, contributing around 4 million BPD, plays a vital role in global oil production. 5. Shell: A leading global energy company, producing approximately 3.7 million BPD, continuing to influence international markets with its vast operations These companies are responsible for a significant share of the world's oil production, underpinning the global energy supply. Source: visualcapitalist #TopOilProducers #SaudiAramco #ExxonMobil #PetroChina #Rosneft #Shell #GlobalOilMarket #EnergySector #OilProduction2024 #LeadingOilCompanies #OilIndustry

Egypt’s Ministry of Petroleum and Mineral Resources - Egypt has signed two significant agreements worth $342 million with international companies to boost natural gas exploration and production. The first agreement involves the Egyptian General Petroleum Corporation (EGPC), Shell Egypt, and Malaysia's PETRONAS allocating $222 million to the West Delta area to enhance natural gas production. This project will include drilling three new natural gas wells, aiming for a production capacity of up to 200 million cubic feet by the end of 2024. The second agreement, also with EGPC alongside Cheiron Petroleum Corporation and the Kuwait Foreign Petroleum Exploration Company (KUFPEC) commits around $120 million to enhance production and exploration in the Geisum and Tawila West areas of the Gulf of Suez. This plan includes drilling nine wells, three of which are exploration wells, with an expected increase in crude oil production from approximately 21,000 to 26,000 barrels per day. These agreements mark a significant step forward in Egypt's energy sector, enhancing its natural gas and crude oil production capabilities. To learn more about this, click the link in the comments below! ⬇️ #EnergyNews #Egypt #NaturalGas #OilProduction #Petroleum #InternationalAgreements

Dangote Industries Limited announced that Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of this project. Dangote also thanked the Nigerian National Petroleum Company Limited (NNPC Limited), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Nigerians for their support and belief in the historic project. The company reports - https://lnkd.in/dbgDmAQD The Dangote refinery, Africa's largest, has a capacity of 650,000 b/d. It was built in Lekki, on a peninsula on the outskirts of the commercial capital #Lagos, at a cost of $20bn. At full capacity it will produce about 2.28mn t/month of oil products, including 875,000 t/month of #diesel and 200,000 t/month of #jetfuel. The early plans for the #refinery were announced in September 2013. The refining configuration includes a combination of RFCC, Unicracking and CCR, licensed by Honeywell. Among other licensors are Air Liquide (HMU), Belco Technologies Corporation (BTC) - Elessent Clean Technologies (BELCO EDV), DuPont (STRATCO), ExxonMobil (SCANfining), INEOS (PP), Jacobs (SRU). More news about oil products by Argus Media - https://lnkd.in/dCQW6baN #argusmedia #arguspetchems #nigeria #refining #petrochemicals #oilproducts

It’s the dawn of a new day in the Nigerian Oil and Gas Sector For a long time, oil exploration continued to be a business ventured into by mostly International Oil Companies (IOC) but this is about to change. Shell Petroleum Development Company of Nigeria Limited (SPDC) a long time IOC has reached an ageeement with a consortium of indigenous companies led by Renaissance oil in which Shell is set to divest majority of its investments within its onshore operations. This comes on the heels of Shell’s decision to concentrate in deep water exploration efforts. For most analysts, the best take out of this is the introduction of local companies into the drilling and exploration business in Nigeria. While we await the final go ahead from regulatory authorities, it is hoped that an approved deal will help infuse a more broader local content in exploration which has been at a low percentage

𝐁𝐚𝐬𝐞 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 – 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 2033/ Global Insight Services The Base Oil Market size was USD 20.53 Billion in 2023, and it is anticipated to grow to over USD 33.45 Billion by 2033, at a CAGR of over 5.6% during the forecast period. The Base Oil Market involves the production, distribution, and application of base oils, refined from crude #oil, primarily used in manufacturing lubricants essential for various machinery in sectors like automotive, industrial, and marine. Visit the following link to request free sample pages:  https://lnkd.in/dDBWjWVY #baseoil #baseoilmarket #oilandgas #energy #lubricants #innovations #technolgy #baseoilmarketanalysis #marketresearchreport #marketreports 𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 ExxonMobil Chevron Shell bp TotalEnergies LUKOIL aramco Gazprom NEFT Energies Co. PetroChina SINOPEC Indian Oil Corp Limited PT Pertamina (Persero) Nynas AB Repsol Phillips 66 SK Lubricants Europe B.V. MOTUL Idemitsu Kosan Co.,Ltd.  Petrobras PEMEX