Oil and Gas Archives — Page 14 of 19

December 13, 2020 No Responses

Olu Of Warri Implores FG On $16b Ogidigben Gas Project

The Olu of Warri, Ogiame Ikenwoli, has appealed to President Muhammadu Buhari to begin work on the US$16-billion Ogidigben gas project in Warri South-West Local Government Area of Delta. Ikenwoli made the appeal on Saturday during his fifth anniversary celebration...

December 3, 2020 No Responses

NLNG Wins World LNG Award

Nigeria LNG Limited (NLNG) has won the most outstanding contribution in the industry award as a joint winner at the ongoing 2020 World LNG Virtual Summit and Award. NLNG emerged the winner alongside Kplerin, a nomination group comprising British Petroleum...

November 12, 2020 No Responses

NLNG Targets 450,000MT LPG Supply In 2021

The Nigeria Liquefied Natural Gas (NLNG) Limited is to increase its allocation of Liquefied Petroleum Gas (LPG) to the domestic market from 350, 000MT to 450, 000MT by 2021. The NLNG said the move was aimed at supporting the Federal Government...

October 20, 2020 No Responses

NCDMB, NLNG, PETAN, Others Oppose Hike In Content Fund

The Nigerian Content Development and Monitoring Board (NCDMB) and key organisations in the oil and gas industry have opposed proposed two per cent increase in the Nigerian Content Development Fund (NCDF). NCDMB in a s...

October 3, 2020 No Responses

Chevron Refutes Report On Agenda To Migrate Jobs Outside Nigeria

The management of Chevron Nigeria Limited (CNL) has denied plans to migrate Nigerian jobs outside the country.CNL’s General Manager Policy, Government and Public Affairs, Mr Esimaje Brikinn, made the clarification in a statement on Friday.Brikinn spoke follo...

October 2, 2020 No Responses

LNG: Germany Projects Infrastructure, Investments

German Shipowners’ Association (VDR) has welcomed investments in the country’s supply chain logistics as well as the Brunsbüttel terminal project. According to World Maritime, this was a result of a discussion between Ralf Nagel, Chief Ex...

September 30, 2020 No Responses

Oil Drops Further As Coronavirus Cases Prompt Demand Worries

Oil prices fell for a second day on Wednesday morning, extending big losses from the previous session amid rising concerns about fuel demand as the coronavirus pandemic worsens.Brent crude dropped 23 cents, or 0.6 per cent, to $41.03 per barrel ...

September 21, 2020 No Responses

Oil Refineries Struggle With Weak Demand Worldwide

Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery work...

September 14, 2020 No Responses

Total Secures $3.5b Oil Pipeline Deal

French oil giant, Total on Sunday sealed $3.5billion oil pipeline deal with the Governments of Tanzania and Uganda. The deals entails the construction of a 1,445 km (898 miles) crude oil pipeline. The plans along with China&#...

September 12, 2020 No Responses

Oil Extends Losses As Stockpile Rise Amid Weakening Demand

Oil prices fell for a second day on Friday, pressured by a surprise rise in U.S. stockpiles as the coronavirus pandemic continues to erode demand for fuels.Brent crude was down 18 cents, or 0.5%, at $39.88 a barrel by 0337 GMT, after fallin...

September 10, 2020 No Responses

Oil Prices Slip

Oil futures fell in early trade on Thursday, paring overnight gains, on worries about fuel demand after data showed U.S. crude stockpiles rose last week, rather than dropping as expected, and COVID-19 cases continued to rise aroun...

August 27, 2020 No Responses

Senate Tasks Accountant General On Payment Of $18b Dividend To NNPC

The Joint Senate Committee on Finance and National Planning has asked the Office of Account General of the Federation (OAGF) to investigate the payment of 18 billion dollars by Nigerian Liquefied Natural Gas (NLNG) to the Nigerian National Petroleum Corporatio...

August 21, 2020 No Responses

Senate Queries DPR Over N44.5b Remittance, N2.4trillion Revenue

Representatives of Department of Petroleum Resources (DPR) were queried by the Senate on Friday for remitting only N44. 5 billion into the Consolidated Revenue Fund in 2019 out of N2.4 trillion generated. This is as heads of many of...

August 5, 2020 No Responses

Shell Seals Charter Deals For Six LNG Carriers

Shell has expanded its fleet with charter deals for six newbuild liquefied natural gas (LNG) carriers. Shell signed separate agreements for two tankers each with Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing and institutional investors advi...