Gas and Oil Archives — City Business News

January 31, 2024 No Responses

NNPC Woos South Korean Gas Investors

The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The discussions which held in Seoul, South Korea, yesterday were...

November 14, 2023 No Responses

Wabote Canvases Increased Crude Oil, Gas Production To Avert Importation for Refineries

The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that Nigeria might resort to importing crude oil for its upcoming and existing refineries if concerted efforts are not made to increase the ...

November 9, 2022 No Responses

QatarEnergy, MISC, Seal Five New LNG Carrier Deals

Qatar’s state-owned oil and gas company, QatarEnergy has awarded long-term charter contracts to Malaysian energy logistics group MISC Berhad and its consortium partners for additional five newbuild Liquefied Natural Gas (LNG) carriers MISC’s con...

October 11, 2021 No Responses

Shell Reiterates Commitment To Nigeria’s Quest For Gas Hub In Energy Transition

As part of the global quest for cleaner energy, Shell Petroleum Development Company of Nigeria (SPDC) is working to transform Nigeria into a gas hub within the Gulf of Guinea. Speaking on Monday in Yenagoa, Bayelsa State at the 7th Annual Public...

August 26, 2021 No Responses

NNPC Records N287b Profit After Tax In 2020

President Muhammadu Buhari, who doubles as Minister of Petroleum Resources, has announced a Profit after Tax of N287 billion by the Nigerian National Petroleum Corporation (NNPC) in 2020. Buhari in a statement issued on Thursday by his Special Adviser,...

August 5, 2021 No Responses

NLNG Explains CSR Initiative, Gas Resources Development

The Nigeria LNG Limited (NLNG) has so far spent about $200m on Corporate Social Responsibility (CSR) programmes as part of measures to help build the nation. Speaking on Wednesday in Lagos at the 2021 Society of Petroleum Engineers ...

March 29, 2021 No Responses

NLNG MD Harps On Critical Roles Of Gas Resources To Nigeria’s Development

By Moses Ebosele, ebosele@hotmail.com — The large deposit of gas resources in Nigeria would amount to nothing if the gas is not developed and utilised urgently to meet the nation’s energy needs, the Managing Director, Nigeria LNG Limited (NLNG),...

March 11, 2021 No Responses

NLNG Bags Gas Company Of The Year Award

The Nigeria Liquified Natural Gas Limited (NLNG) has won the Gas Company of the Year Award at the recently concluded 12th Nigerian Gas Association (NGA) Biennial International Conference and Awards event. NLNG in a statement issued by Dr Sophia Horsfall,...

March 4, 2021 No Responses

Nigeria, Morocco Seal $1.4b Gas Deal

The Federal Government has signed a $1.4 billion agreement with OCP Group of Morocco to produce ammonia and diammonium phosphate in the gas industrialisation strategy. A statement issued on Wednesday by Mr Titilope Olubiyi, Communications Offi...

October 6, 2020 No Responses

Shell-Chartered LNG London Attains First Ship-To-Ship Milestone

LNG London has successfully completed its first ship-to-ship bunkering to a cruise vessel in the port of Rotterdam. Belgian inland transportation specialist, Victrol, explained on Monday that the development was attained on October 1, 2020. Accordi...

September 3, 2020 No Responses

NLC Rejects Hike In Fuel Price

The Nigeria Labour Congress (NLC) has rejected increase in Premium Motor Spirit (PMS), also known as petrol from N148. 50 per liter to N151.56 per litre. Reacting to the increase in a chat with News Agency of Nigeria (NAN), NLC...

May 15, 2020 No Responses

Nigeria To Roll Out LPG Penetration Policy In June

The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government will roll out its policy on Liquefied Petroleum Gas (LPG), also known as Cooking Gas, toward the end of June 2020, to ensure its penetration across...

March 18, 2020 No Responses

Nigeria Reviews Oil And Gas Free Zones Authority Act

The Nigerian Government on Tuesday in Abuja commenced review of the Act establishing Oil and Gas Free Zones Authority (OGFZA). According to the Government, the review is to remove ambiguities and enhance effectiveness in the sector. The Minister of Industry,.....