Tag: Energy

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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ESL names First LNG-Fueled Bulker
June 30, 2017 No Responses

ESL names First LNG-Fueled Bulker

Helsinki-based shipping company ESL Shipping, a member of the Aspo Group, has christened its new LNG-powered dry cargo vessel at the Jinling shipyard in Nanjing, China.  As informed, the first of the two ordered vessels was christened Viikki in line with...
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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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‘Proposed amendment of NLNG Act threatens 18,000 jobs’
May 29, 2017 No Responses

‘Proposed amendment of NLNG Act threatens 18,000 jobs’

Members of Bonny Graduates Forum have closely examined the issues surrounding the proposed amendment of the NLNG Act and “we have come to the understanding that this will not be in the interest of Nigeria, the Niger-Delta and Bonny community....
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Don’t amend NLNG Act, PENGASSAN tells National Assembly
May 25, 2017 No Responses

Don’t amend NLNG Act, PENGASSAN tells National Assembly

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has    reiterated its opposition to the amendment of the Nigeria LNG Limited (NLNG) (Fiscal Incentives, Guarantees and Assurances) Act.  Specifically, the union called on the Nat...
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‘Reps attempt to amend NLNG Act without shareholders’ involvement borders on illegality’
May 23, 2017 No Responses

‘Reps attempt to amend NLNG Act without shareholders’ involvement borders on illegality’

An amendment to the Nigeria LNG Limited (NLNG) (Fiscal Incentives, Guarantees and Assurances) Act without following the laid down process stipulated in the Act for any amendment would be contrary to the Rule of Law, said General Manager, External Relations...
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‘Amendment of NLNG Act will discourage foreign direct investment’
May 22, 2017 No Responses

‘Amendment of NLNG Act will discourage foreign direct investment’

The amendment of the Nigeria LNG Limited (NLNG) Act (Fiscal, Guarantees, Assurances, and Incentives) by the House of Representatives on May 9, 2017 will subject the company to more than just the 3% Niger Delta Development Commission (NDDC) levy due...
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Oando seeks approval to refurbish refineries
May 12, 2017 No Responses

Oando seeks approval to refurbish refineries

Oando Plc is to seek the approval of the Federal Government to refurbish one or two refineries as part of measures to end fuel importation.    Speaking during the company’s facts behind the figure at the Nigerian Stock Exchange (NSE)...
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NNPC Chief Executives sign performance bond with GMD
May 12, 2017 No Responses

NNPC Chief Executives sign performance bond with GMD

The journey to the transformation of the Nigerian National Petroleum Corporation (NNPC) into a commercially focused and profitable business organization has been taken a notch higher with the signing of a performance bond by the Chief Operating Officers (COO) ...
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Proposed amendment to NLNG Act threatens 18,000 potential jobs
May 11, 2017 No Responses

Proposed amendment to NLNG Act threatens 18,000 potential jobs

Ongoing efforts by the National Assembly to amend the Nigeria LNG Act is a direct threat to the  expected 18, 000 construction jobs for Trains 7 and 8, General Manager, External Relations Division, Kudo Eresia-Eke has said.   Speaking at...
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