It was a good way to end 2019 for the country’s oil and gas industry when on December 27, the shareholders of the Nigeria Liquefied Natural Gas Limited (NLNG), including the Nigerian National Petroleum Corporation (NNPC), Shell, Total and Eni took the Final Investment Decision (FID) on NLNG Train 7
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A group known as Partner for Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on President Buhari to urgently escalate his intervention to stop criminals to vandalise and steal the nation’s oil assets. In a statement, the Chairman, P-PESPI, Charles Ibiang, stressed that the intervention had become more than necessary
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Namibia, Nigeria and Angola have been named the top three hot spots for oil companies. But, how do corruption and environmental factors affect the countries’ cultivation? Nigeria has long been known for its oil resources. Likewise, Angola has been known for its high quantities of natural oil, but decades of corruption
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Efforts to increase ship traffic at the Eastern ports has received a boost with the successful handling of a containership measuring 265 metres in length overall by the West Africa Container Terminal (WACT) at the Onne Port Complex, Rivers State. The ship, named JPO Volans, is the first gearless vessel and
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BP says it has found a "world-class" scale of gas resource after a three-well drilling campaign. BP reports that its recent three-well drilling campaign offshore Mauritania and Senegal has further confirmed the world-class scale of the gas resource in the region. Three appraisal wells drilled this year, GTA-1, Yakaar-2 and Orca-1, targeted
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The President, Major General Muhammadu Buhari (rtd.) on Wednesday named Mr Sarki Auwalu as the substantive Director, Department of Petroleum Resources. He is to serve “for an initial term of four years”, the Presidency said in a statement by Buhari’s media aide, Mr Femi Adesina. The Presidency added, “Mr Auwalu, a chemical
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Rystad Energy expects total upstream investments next year to decrease by around 4%, with shale set to experience a steep decline. Dec 13th, 2019 Rystad Energy expects total upstream investments next year to decrease by around 4%, with shale set to experience a steep decline. Deepwater, however, is set to grow by more
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Aiteo Eastern Exploration and Development Company Limited has decried the attacks on its facilities, saying the Nembe Creek Trunk Line had been shut down for 61 days this year. The oil firm said in a statement that it was constrained to alert all stakeholders of the recent spate of sustained attacks
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The Nigerian Liquefied Natural Gas Limited has expressed its commitment towards providing cleaner fuel for Nigerians and globally. The NLNG Managing Director, Tony Attah, spoke on Tuesday when the company delivered its maiden domestic liquefied petroleum gas cargo from Bonny to Stockgap, a gas terminal in Port Harcourt, after many years
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To address challenges of gas constraints in the nation’s industrial and power sectors, the Nigerian National Petroleum Corporation (NNPC), has said it will continue to expand and integrate gas pipeline network systems to meet domestic demand. According to NNPC, its ongoing reforms will include transformation from a traditional oil and gas
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