Oil & Gas Archives — Page 11 of 19

December 19, 2017 No Responses

Oando shareholders insist on forensic audit

Shareholders under the aegis of the Oando Shareholders Solidarity Group (OSSG) have faulted recent claims by the management of the company that it dragged the Securities and Exchange Commission (SEC) to court to protect shareholders’ interest. In a statement...

December 12, 2017 No Responses

Reps at NLNG’s Bonny Plant, lauds CSR initiatives

The management of Nigeria LNG (NLNG) Limited, on Monday, received a delegation of the House of Representatives Committee on Gas Resources led by its Chairman, Hon Frederick Y. Agbedi. According to a statement, the visit provided good opportunity for...

December 8, 2017 No Responses

NLNG to supply 350ktpa of DLPG through dedicated vessel

Nigeria LNG (NLNG) has reiterated its commitment to continue to support growth of the LPG industry by dedicating 350,000 metric tonnes per annum of cooking gas otherwise known as Domestic LPG (DLPG) to the country, to ensure reliable and affordable...

November 27, 2017 No Responses

NNPC to select core investor for Benue bio-fuel project

The Nigerian National Petroleum Corporation (NNPC) says it has almost concluded discussion on the choice of a core investor for the proposed bio-fuel plant in Benue. The Group Managing Director of the corporation, Dr Maikanti Baru, said this in a...

November 26, 2017 No Responses

Canada deploys First LNG to China in Container

Canada has sent its first shipment of liquefied natural gas (LNG) to China by a containership as part of a pilot project to determine long-term feasibility. LNG was supplied by FortisBC’s Tilbury facility in Delta, logistics and equipment were provided...

November 20, 2017 No Responses

NNPC, Chevron sign $1.7b deal to increase crude, gas production

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the final phase of an Alternative Financing Agreement to increase crude production by about 39,000 barrels per day. The agreement, signed in London, is also expected...

November 20, 2017 No Responses

Expert blames exit of firms from oil & gas zone on alleged OGFZA’s unfriendly policies

Citing unfriendly policies, a Port Harcourt based oil and gas industry expert, Dr. Austin Obieze has accused the Oil and Gas Free Zones Authority (OGFZA) of allegedly deviating from Federal Government laid down rules and regulations. This is even...

November 16, 2017 No Responses

Shareholders to Tinubu: You must resign to save Oando from further trouble

The crisis rocking Oando Plc assumed another dimension on Wednesday as a group of shareholders called on the embattled company’s management team led by its Group Chief Executive, Wale Tinubu to resign. President of the Trusted Shareholders’ Association...

November 10, 2017 one Response

FG to approve three modular refineries in Edo

The Federal Government is processing applications received for the establishment of seven modular refineries in Edo State, Minister of State, Petroleum Resources, Dr. Ibe Kachikwu has said. Speaking in Benin City on Thursday ahead of Alaghodaro Investment Su...

November 3, 2017 No Responses

NLNG awards $100,000 to three winners of 2017 Science Prize

The Advisory Board of the Nigeria Prize for Science and Nigeria LNG Limited (NLNG) on Thursday announced three research works as joint winners for the 2017 edition of the prize after two years intensive search for innovations in the fight...

November 1, 2017 No Responses

Group alleges ‘siege mentality against Intels’

The Niger Delta Youth Coalition (NDYC) has accused the Oil and Gas Free Zones Authority (OGFZA), Nigerian Ports Authority (NPA) and the Federal Inland Revenue Service (FIRS) of incessant attacks against Intels Nigeria Limited, saying that such alleged att...

October 24, 2017 No Responses

Obaseki to FG: Deregulate petroleum sector now

The former Group Managing Director of the Nigerian National Petroleum Company (NNPC), Dr Jackson Gaius-Obaseki, has advised the Federal Government to consider full deregulation of the value chains of the nation’s petroleum sector. Gauis-Obaseki, who is cur...

October 23, 2017 No Responses

Ondo to revive LNG firm, seeks partnership with NNPC, Chevron, Shell, others

To boost Ondo State’s economy, the State Governor, Rotimi Akeredolu has announced plans to revive moribund OK LNG, a state government-owned firm. This was the high point of a meeting held in the office of the Chief of Staff to...

October 20, 2017 No Responses

Oando Shareholders seek accelerated investigation as Johannesburg Stock Exchange suspend firm

Shareholders of Oando Plc on Thursday commended the resolve of Securities and Exchange Commission (SEC) to investigate allegation leveled against management of the company. Meanwhile, the Johannesburg Stock Exchange (JSE) on Thursday suspended trading in th...