

Terrorists operating the Syria area have been blamed for the recent boom blast that cut off gas suppliers and electricity.
According to the oil minister, the explosion was said to have hit pipelines that feeds three major power stations in Southern Syria cities.
Such attacks have taken place in the past with no one coming out to claim responsibility for such attacks. Attacks like the recent have been a fall out of the 9-Year civil war that has led to the death of at least 400,000 people.
Electricity Minister Zuhair Kharbotli says the recent attack its the sixth of such attacks on the pipeline in the city. Staff of the public infrastructure office of the city have been working to address the damages.

P&GJ reports that Baltimore Gas and Electric (BGE) has conclude that the gas explosion that killed two people and injured seven was not sue to bad pipes and equipment.
The utility has said it is not limiting its investigations to only the company that operates the facility that was involved in the explosion. Enquiries are being extended to include customer-owned gas piping and appliances at the scene.
BGE says investigation are ongoing, and promised that the BGE will share with the federal, state, and city authorities all findings of their investigators.
As part of efforts prevent further damages, the part of the gas main in the area of the incidence including 38 gas service pipes for properties along that path Baltimore’s Labyrinth Road were suspended from the operations of the gas system after the explosion.

Reuters reports that Russia's second-biggest oil producer, Lukoil, is suspending gas exports to China from its plants in Uzbekistan due to continued weak demand.
Recall that Lukoil was initially prevented from exporting gas from Russia which led it to shift interest to its gas projects in neighbouring Uzbekistan, where investments of about $10 billion have been made with the hope of making returns from exports to China.
The combined effect of the low prices and low demand due to the COVID-19 liquefied natural gas (LNG) has become cheaper that pipeline supplied gas with typically fixed prices. These factors have led to a the suspension of gas exports from Uzbekistan to China and a re-direct of as much as 5 billion cubic meters of gas back to the domestic Uzbek market, Pavel Zhdanov, vice-president at Lukoil reports.
Lukoil is not allowed to export the gas it produces in Russia. It sells the bulk of it to state gas company Gazprom, which exports it.

Mocoh SA., a private oil distribution, logistics and global trading company, has won a new deal to become the main supplier of petroleum products to Cameroon taking over from Sahara Energy.
The contract grants the Mocoh SA. exclusive right to supply gasoline and jet fuel and other derivatives to the Cameroonian market.
According to the Marine & Petroleum Nigeria- “Mocoh will supply the country with 465,000MT of petroleum products during the fourth quarter of the current year. The products to be imported are composed of 150,000MT of gasoline, 210,000MT of gas oil, 60,000MT of Jet A1, 15,000MT of fuel oil 1500 and 30,000MT of fuel oil 3500.”
The successful implementation of the supplier agreement is estimated to save the country around 150 billion FCFA yearly.

Nigerian energy company Lekoil Limited want to raise around $100 million to enable it commence drilling in its Ogo oilfield, according to its chief executive officer.
According to the Chief Executive, Lekan Akinyanmi, Lekoil has been able to finance much of the Ogo field preparation work with finance from its producing field, Otakikpo, and intend to commence drilling once it raises sufficient funds so to do.
The company is in conversation with a number of companies to for a mix of investment types for both the asset and vendor financing which is considered the most cost-effective means of raising funds for the drilling operations. For the entire lifecycle of the Ogo project, the company expects to USD1 billion.

The LNG Train 7 Project has saved Nigeria up to US$2bn through the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in the Engineering Procurement and Construction (EPC) contract for the Nigeria.
This statement was made by the Executive Secretary of the NCDMB, Engr. Simbi Kesiye Wabote stated this at the 2020 Annual Capacity Building Workshop organised by the Board for the Judiciary.
The main point of Mr. Wabote is that despite the wrongly held position of many persons about the implications of the Local Content Policy, there have been improvement in the costs of delivering on projects, and also created jobs in the oil and gas industry.
The Executive Secretary reiterated that the essence of the Local Content Policy is not a Nigerianization agenda but to encourage the growth of various types of technical capacities in Nigeria as well the promotion of direct foreign investment and home grown investment.
