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Energy
NNPC/Chevron JV, NDPHC, GACN sign gas sale agreement
Chevron Nigeria Limited (CNL), in its capacity as Sellers’ Representative for the Nigerian National Petroleum Corporation (NNPC) and itself, has signed a Gas Sale and Aggregation Agreement (GSAA) with Olorunsogo Generation Company Limited,…
NLNG records giant strides in 30 years amidst challenges
Nigeria Liquefied Natural Gas Limited (NLNG) was incorporated as a limited liability company on May 17, 1989 to produce liquefied natural gas (LNG) and natural gas liquids (NGL) for export. Its first train came into operation in 1999 and…
NCDMB to sanction IOCs, others for non-compliance with NCDF
The Nigerian Content Development and Monitoring Board (NCDMB) says it will impose stuff sanction on international oil companies (IOCs) and independent or indigenous companies that may have defaulted or failed to comply with the provisions…
How crude price volatility may affect 2019 budget funding
THE news of Nigeria seeking fresh $2.5 billion loan from the World Bank despite securing $2.4 billion in 2018 did not come to many as a surprise.This is because funding constraints have been rocking Nigeria’s N8.916 trillion 2019 budget…
Sylva reiterates FG’s commitment to implementation of ‘7 Big Wins’
THE Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated Federal Government’s commitment towards implementation of the oil and gas ‘7 Big Wins’.This was contained in statement issued by Mr Paul Osu, Head,…
Nigeria bleeds as pipeline vandalism continues unabated
Recently, Shell Petroleum Development Company (SPDC) decried loss of 10,000 barrels of crude oil per day from its operation valued at an average of $560,000 daily. This is a huge loss of resources by a nation that is struggling to boost its…
$17bn NLNG Train 7 project to generate 40,000 jobs —Wabote
THE Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has said that the execution of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project will generate over 40,000 direct and…
ROSATOM reiterates commitment to nurturing Nigerian youths on nuclear technologies
INSPIRED by the need to raise the next generation of nuclear energy technology experts in Nigeria, ROSATOM, Russia's state-run nuclear energy corporation, has invited students and young professionals across Nigeria to partake in the fifth…
Seplat Petroleum distances self from AMCON case
Seplat Petroleum Development Company Plc has distanced itself from an interim order by the Federal High Court, Abuja, against Shebah Exploration & Production Company Limited, Allene Limited, and Dr A. B. C. Orjiakor, who is also the…
Train-7 project: NLNG submits compliance requirements to NCDMB
The Nigerian Liquefied Natural Gas Limited (NLNG) has submitted the outcome of its recently concluded commercial evaluation exercise of the multi-billion dollar Train-7 project to the Nigerian Content Development and Monitoring Board…