Oil & Gas Archives — Page 16 of 19

April 10, 2017 No Responses

Ban heavy fuel oil in Arctic Waters, EU Parliament tells IMO

Members of the European Parliament (MEPs) have called on the International Maritime Organisation (IMO) to ban the highly polluting marine fuel heavy fuel oil (HFO) from use in Arctic waters. Transport & Environment informed that the full European Parliament wants...

April 7, 2017 No Responses

Niger Delta States indicate interest in community-based modular refineries

As implementation efforts on President Muhammadu Buhari’s new vision for oil-producing communities in the Niger Delta region progress, states in the region are beginning to indicate interest in working with the Federal Government and the Private Sector to de...

April 5, 2017 No Responses

Recover $22b, N316b from NNPC, NEITI tells FG

The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged the Federal Government to recover $22b, N316b from the Nigerian National Petroleum Corporation (NNPC). Presenting it report to Journalists on Tuesday in Abuja, Executive Secretary of N...

April 4, 2017 No Responses

Shell to fuel world’s 1st LNG-Powered Aframax Tankers

Russia’s SCF Group (Sovcomflot) has signed an agreement with Shell Western LNG B.V. (Shell) for the supply of liquefied natural gas (LNG) to fuel the first Aframax crude oil tankers in the world to be powered by LNG. Under the...

March 27, 2017 No Responses

$184m crude swap under-deliveries: Taleveras makes $17m commitment

The Nigerian National Petroleum Corporation (NNPC) has pledged to provide members of the public with up-to-date information on the ongoing effort by the Corporation to sanitize the record books through reconciliation of the transactions executed during the def...

March 14, 2017 No Responses

Don’t amend NLNG Act, NNPC boss tells National Assembly

Recent move by the National Assembly to amend the NLNG Act had dampened the optimism of investors, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru has said. The NNPC boss also urged the National Assembly...

March 9, 2017 No Responses

‘NLNG, Nigerian success story in management, technical competence’

The Minister of Information and Culture, Alhaji Lai Mohammed, has described the Nigeria Liquefied Natural Gas (NLNG) Limited as a shinning example of the Nigerian success story in management and technical competence. The Minister stated this on Bonny Island,...

March 8, 2017 No Responses

Sustain reforms at NNPC, expert tells Baru

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has been enjoyed to sustain ongoing reforms despite stiff opposition in some quarters. Since his assumption of office, Baru has undertaken far reaching measures de...

March 7, 2017 No Responses

Firm unveils $500M Oil exploration campaign

Oranto Petroleum is to invest $500 million to develop South Sudan’s Block B3, indicating a comprehensive exploration campaign. The Ministry of Petroleum and Oranto Petroleum Company, South Sudan signed the exploration and production sharing agreement for the...

March 7, 2017 No Responses

Intels debunks alleged sponsorship of OGFZA Act amendment, CEO’s removal

Intels Nigeria Limited has described allegations that it was sponsoring the proposed Bill to amend the Oil and Gas Free Zones Authority (OGFZA) Act as “ridiculous, preposterous and laughable”. Media Consultant to Intels Nigeria Limited, Mr. Bolaji Akinola ...

March 6, 2017 No Responses

LCCI to Osinbajo: Sustain strategic engagement with Niger Delta stakeholders

The Lagos Chamber of Commerce and Industry (LCCI) at the weekend advised the Acting President, Prof Yemi Osinbajo to sustain ongoing engagement with stakeholders in the Niger Delta. President of LCCI, Dr (Mrs) Nike Akande, said: “The country has witnessed...

March 2, 2017 No Responses

‘Economic dangers of an amended NLNG Act’

Hopes for economic and industrial growth will be dashed if inhibitors such as the removal of legislative frameworks like the Nigeria LNG Limited (NLNG) Fiscal Incentives, Guarantees and Assurances Act, are permitted in the Nigerian gas industry, the Managing D...

February 23, 2017 No Responses

NLNG records explosion along gas transmission pipelines

The Nigeria Liquefied Natural Gas (NLNG) on Wednesday recorded an explosion on a section of its right of way housing two gas transmission pipelines. A statement issued by NLNG General Manager (External Relations), Kudo Eresia-Eke, explained that one of the.....

February 17, 2017 No Responses

NNPC records reduction in Pipeline sabotage

The Nigerian National Petroleum Corporation (NNPC) has recorded a marked reduction in the cases of pipeline sabotage. This was disclosed in the Corporation’s monthly Financial and Operations Report for the month of December 2016 which has just been released....