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Much Ado about NNPC's 20% Stake in Dangote Refinery

Energy
The pleasant news of the Petroleum Industry Bill passage by the National Assembly almost drowned the continued concerns and discourse being generated over the propriety or otherwise of the move by the Nigeria National Petroleum Corporationâs acquisition of 20per cent stake in Dangote Refinery and Petrochemicals. Regardless of the heat this historic downstream deal is generating, the share purchase move by NNPC may be a good sign that it is ready and equipped to play in the PIB space. Chris Paul reports
The week ended on two positive notes: the passing of the PIB by both chambers of the National Assembly and the signing of the term sheet between NNPC and Dangote Refinery. ....

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Dangote Refinery on track to be the 5th largest company in Africa

Dangote Refinery on track to be the 5th largest company in Africa
nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.

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Refined Petroleum Products Industry Increasingly Adopts Carbon Capture And Storage To Reduce Emission Levels

The Business Research Company’s Refined Petroleum Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 ....

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Dallas Fed outlook surveys indicate manufacturing, service sectors improving | Hellenic Shipping News Worldwide

Dallas Fed outlook surveys indicate manufacturing, service sectors improving
Texas manufacturing and service sector activity increased in February, but the Federal Reserve Bank of Dallas surveys were conducted only partly after a polar vortex prompted rolling blackouts for millions of homes and businesses, resulting in extremely high wholesale power prices along with manufacturing and service business shutdowns.
The Dallas Fed’s Texas Manufacturing Outlook Survey’s production index, a key measure of economic activity, rose to 19.9 in February from January’s seasonally adjusted 4.6 and a seasonally adjusted 16.8 in February 2020. The index shows the percentage-point difference between respondents indicating increased activity and those who indicate decreased activity. ....

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Restarting Texas's Frozen Energy Heartland Will Be a Climate Mess

Publishing date: Feb 21, 2021 • February 22, 2021 • 3 minute read •
Article content
(Bloomberg) Like a cold-blooded animal–a lizard or a snake–the petrochemical hub that is the state of Texas went dormant during the deep freeze. Eventually, it’ll wake up again, and when it does the damage will be worse than if it never went to sleep.
Filings submitted in recent days to the Texas Commission on Environmental Quality, or TCEQ, already show significant emissions related to stopping and restarting fossil fuel infrastructure. It’s an indication of what’s to come in a state that’s home to a quarter of U.S. natural gas production as well as half the oil production. ....

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