Netherlands-based services provider Smit Lamnalco has been awarded a significant multi-year contract by US supermajor ExxonMobil to provide offshore terminal support services, including four newbuild vessels, for work in the Stabroek block offshore Guyana. Smit Lamnalco, which is 100% owned by Dutch contractor Boskalis following a deal closed last year, said it will supply four...
Day: September 13, 2025
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Goodbye to NEOM — Saudi Arabia unveils biggest Hydrogen City in history with 400,000 tons annually
Saudi Arabia recently announced its intention to build a massive green hydrogen plant in Yanbu, a project that will be nearly twice the size of the NEOM green hydrogen facility, with the potential to produce 400,000 tons of green hydrogen annually. This move is a component of Saudi Arabia’s broader strategy to become a global...
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Dangote starts free fuel distribution Monday
The Dangote refinery will start the free fuel distribution scheme on Monday, the PUNCH reports. The Dangote Group spokesman, Anthony Chiejina, told our correspondent in a statement that the scheme would start with the South West, the Federal Capital Territory, Abuja, Kwara, Delta, Rivers and Edo States. He added that the refinery has also dropped...
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Ukraine strikes key Russian oil terminal in massive drone attack
But Russian newspaper Moskovskij Komsomolets warned this week that petrol supplies were “near critical”, with drivers in far eastern Russia reporting kilometre-long queues, rationing and soaring prices. Strikes have also hit the Druzhba pipeline, disrupting exports to Hungary and Slovakia – potentially cutting off a key source of foreign currency for Russia. Moscow has intensified...
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Petroleum Hub Development Corporation Deepens Ties with Saudi Partner AHQ Group
The Petroleum Hub Development Corporation (PHDC) is strengthening its strategic partnership with Saudi Arabia’s Abdel Hadi Abdullah AlQahtani & Sons Group of Companies (AHQ Group) following a high-level visit to Ghana by senior executives of the group. On Friday, September 12, 2025, top officials of the AHQ Group, accompanied by their local partners, the Special...