Category: Energy

FG implores Dangote on 2019 completion date for refinery
August 1, 2017 No Responses

FG implores Dangote on 2019 completion date for refinery

The Federal Government has said it relies heavily on the Dangote refinery to fulfil its promise to Nigerians to end fuel importation by December 2019.  To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited...
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EFCC recovers N328.9b from NNPC retails, Oando, Total, Mobil, others
July 27, 2017 No Responses

EFCC recovers N328.9b from NNPC retails, Oando, Total, Mobil, others

The Economic and Financial Crimes Commission (EFCC) has recovered a total sum of N328, 988,296,990.62 from NNPC retails, Oando Plc, Mobil Plc, Conoil Plc, Total Plc, OVH Energy Plc, Forte Oil and Gas Plc, MRS Oil Plc and NIPCO Oil...
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U.S sanctions ExxonMobil over violations
July 21, 2017 No Responses

U.S sanctions ExxonMobil over violations

The United States authorities have fined Exxon Mobil $2m for violating sanctions against Russia while Secretary of State Rex Tillerson was its chief executive. Exxon dealt with Igor Sechin, the president of Russian oil giant Rosneft, who was blacklisted, the.....
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NNPC attains five million litres of kerosene output daily
July 17, 2017 No Responses

NNPC attains five million litres of kerosene output daily

The three refineries of Nigerian National Petroleum Corporation (NNPC) in Port Harcourt, Warri and Kaduna now produce five million litres of Dual Purpose Kerosene (DPK), also identified as kerosene daily.  According to NNPC, this represents more than 60 perce...
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U.S to emerge top LNG exporter by 2022
July 16, 2017 No Responses

U.S to emerge top LNG exporter by 2022

By 2022, the United States will be on course to challenge Australia and Qatar for global leadership among LNG exporters, the International Energy Agency (IEA) estimates. Despite the fact that the demand for gas in the United States – the...
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India to construct LNG import terminal
July 11, 2017 No Responses

India to construct LNG import terminal

India has taken a step toward increasing seaborne imports of liquefied natural gas (LNG) as the country held a ground breaking ceremony for the construction of an LNG terminal in Bhadrak. Officials informed that cargoes carried from the US, Canada...
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NLNG inspects LPG facilities in Lagos, restates commitment to cleaner environment
July 7, 2017 No Responses

NLNG inspects LPG facilities in Lagos, restates commitment to cleaner environment

Nigeria LNG’s commitment to the sustained supply of cooking gas, Liquefied Petroleum Gas, into the local market is premised on the need to ensure the use of cleaner energy for the health benefit of Nigerians and cleaner environment in line...
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Qatar to boost LNG exports
July 7, 2017 No Responses

Qatar to boost LNG exports

Qatar is eager to retain its position as the world’s key exporter of liquefied natural gas (LNG), especially in light of the ongoing dispute with its neighbors which could result in more economic sanctions against the country.    On Tuesday, Qatar Petrol...
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Total secures 50.1 % stake in $5b gas deal with Iran
July 3, 2017 No Responses

Total secures 50.1 % stake in $5b gas deal with Iran

Total is to sign $5billion gas deal with Iran on Monday to develop an offshore gas field in the Gulf.  According to the BBC, It is the biggest foreign deal since most economic sanctions against the country were lifted in...
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ExxonMobil, others to develop LNG as marine fuel
June 29, 2017 No Responses

ExxonMobil, others to develop LNG as marine fuel

ExxonMobil, Eagle LNG Partners and Crowley have signed an agreement to collaborate on the development of LNG as a marine fuel. The companies said that the goal of the collaboration is to establish the storage and technical support necessary to...
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‘NLNG has no outstanding dividend payments to Government’
June 12, 2017 No Responses

‘NLNG has no outstanding dividend payments to Government’

The Nigeria LNG Limited (NLNG), at the weekend explained that it has no outstanding dividend payments to Government and “continues to conduct its business in accordance with regulation and the laws of the Federal Republic of Nigeria”.    In a statement....
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Oando’s interest in Port Harcourt Refinery, a patriotic act, says Tinubu
June 9, 2017 No Responses

Oando’s interest in Port Harcourt Refinery, a patriotic act, says Tinubu

The Chief Executive Officer of Oando Plc, Mr. Wale Tinubu has described the firm’s involvement in Port Harcourt refinery as a ‘patriotic act’.    Tinubu, who appeared before the Senate Joint Committee on Petroleum Resources chaired by Senator Kabir Mar...
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Exxon Mobil, Taleveras, Ophir win Equatorial Guinea Oil Blocks
June 6, 2017 No Responses

Exxon Mobil, Taleveras, Ophir win Equatorial Guinea Oil Blocks

Exxon Mobil has signed Production Sharing Contract with Equitorial Guniea for Oil acreage E.G.-11, hereby heading the list of acreage winners in Equatorial Guinea’s latest licensing bidding round.   Winners were revealed on Monday by Equatorial Guinea&#...
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Petroleum ministry under scrutiny as Senate halts concession of Port Harcourt Refinery to AGIP, OANDO
May 31, 2017 No Responses

Petroleum ministry under scrutiny as Senate halts concession of Port Harcourt Refinery to AGIP, OANDO

Citing alleged irregularities, the Senate on Tuesday asked the Ministry of Petroleum Resources to halt all transactions relating to the proposed concession of the Port Harcourt refinery to Agip and Oando.  The lawmakers who are questioning the rationale behin...
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