Oil & Gas Archives — Page 14 of 19

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 percent of...

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...

July 13, 2017 No Responses

Shell aquires Turritella FPSO

Shell Offshore has revealed that its affiliate, Shell E and P Offshore Services, will exercise a contractual right to buy the Turritella floating, production, storage and offloading (FPSO) vessel from SBM Offshore. The 159,100 dwt vessel is contracted for the....

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...

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...

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...

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...

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...

June 20, 2017 No Responses

INTELS: De-categorization of port terminals will lead to loss of Govt revenue

De-categorization of port terminals by Nigerian Ports Authority (NPA) will result in huge revenue loss to the Federal Government, INTELS Nigeria Limited has said. In his witness statement on oath filed at the Federal High Court Abuja in a case...

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....

June 12, 2017 No Responses

LNG Carrier Crossing Suez Canal with Qatari Cargo despite row with Qatar

A liquefied natural gas (LNG) carrier Wilforce is transiting the Suez Canal fully-loaded with Qatari LNG, the vessel’s latest AIS data shows. The cargo is destined for Barcelona, with estimated time of arrival being June 15. The Norwegian-flagged LNG...

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...

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&#...

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...