Nigeria’s economic landscape is set to witness a turnaround in some years’ time with the flag off of the Nigeria Liquefied Natural Gas (NLNG) Limited Train 7, a project that has been said to help propel Nigeria as a major gas exporter and a fully industrialised nation. According to industry obsevers,
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The Obiakpu community in Imo has accused the Shell Petroleum Development Company of oil spill devastation, according to a statement made available by Spaces For Change. It was stated that the spillage started two years ago from leakages of crude oil pipelines owned by the Nigeria Petroleum Development Company and operated
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The Chief Executive Officer, Seplat Petroleum Development Company Plc, Mr. Roger Brown, speaks on the company’s operations, the oil and gas industry and other sundry issues. Excerpts: The COVID-19 led to a sharp drop in crude oil prices and demand. How did Seplat cope? Globally, all businesses unless you are Amazon or
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The Nigerian National Petroleum Corporation (NNPC) and Egbin Power Plc have pledged to deepen collaboration to ensure the success of the Federal Government’s gas-to-power programme. The Chief Operating Officer, Gas, NNPC, Mr Yusuf Usman and Chairman, Board of Directors, Egbin Power Plc, Mr Temitope Shonubi, made the pledge during a facility
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Nigerian crude variants are now seeking other buyers in Asia and Europe as India’s COVID-19 situation remains shrouded in uncertainty amid stringent regional lockdowns and weak domestic consumption. S&P Global Platts reported that most Nigerian crudes were trading at close to 12-month lows. The country’s flagship grade, Bonny Light was last
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Managing Director of Total Energies, Nigeria, Mr Mike Sangster, has stated that some of the company’s major operations now incorporate almost 100 per cent local Nigerian content. Sangster, while speaking on a panel session at the just concluded Nigeria International Petroleum Summit (NIPS) in Abuja, noted that there has been a
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The Nigeria Liquefied Natural Gas (NLNG) Limited has signed a 10-year LNG Sales and Purchase Agreements (SPAs) with three off-takers for domestic supply LNG in country. The liquefaction company will supply 1.1 million tons per annum (mtpa) of LNG on DES basis to Asiko Power Limited, Bridport Energy Limited and Gas-Plus
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The Secretary-General, Organisation of Petroleum Exporting Countries( OPEC), Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to oil price plunge in 2015 and 2016. Barkindo disclosed this in his keynote address to the Fourth Nigeria International Petroleum Summit, in Abuja, on Monday, under the theme:
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The Nigerian National Petroleum Corporation and its Production Sharing Contract partners have executed five agreements to renew Oil Mining Lease 118 for another 20 years. NNPC outlined the partners as Shell Nigeria Exploration and Production Company, Total Exploration and Production Nigeria Limited, Esso Exploration and Production Nigeria Limited and Nigerian Agip
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The Nigerian National Petroleum Corporation has invited applications from companies qualified to operate and maintain three state-run oil refineries. NNPC said Friday in a publication that it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt, Warri, and Kaduna Refineries to ensure reliability
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