Tag: Oil & Gas

‘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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LNG Carrier Crossing Suez Canal with Qatari Cargo despite row with Qatar
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...
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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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Labour to Senate: Pass other aspects of PIB
May 26, 2017 No Responses

Labour to Senate: Pass other aspects of PIB

By Comrade Hyginus Chika Onuegbu –    We commend the 8th Senate led by Senate President Senator Bukola Saraki and its Joint Committee on the Petroleum Industry Governance Bill (PIGB)  led by Senator Tayo Alasoadura for the passage of the...
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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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‘Proposed amendment of NLNG Act is direct attack on ease of doing business, foreign investment to Nigeria’
May 10, 2017 No Responses

‘Proposed amendment of NLNG Act is direct attack on ease of doing business, foreign investment to Nigeria’

By Moses Ebosele –    The Managing Director of Nigeria NLNG, Tony Attah, has described proposed amendment of the NLNG Act as a “direct attack on the present Government’s ease of doing business agenda” and effort to attract direct foreign...
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Nigeria LNG exports landmark 4000th cargo
May 2, 2017 No Responses

Nigeria LNG exports landmark 4000th cargo

Nigeria LNG Limited (NLNG) on Monday, May 1st, 2017 reached another major milestone with the exportation of its 4000th cargo of Liquefied Natural Gas (LNG) from its Bonny Island Terminal in Rivers State to Mamara LNG Terminal in Turkey, which...
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