Oil & Gas Archives — Page 7 of 21

July 20, 2018 No Responses

Total MD Faces Arrest Over $1B Pipeline Contract

The Senate Committee on Gas, investigating $1billion pipeline contract, has threatened to issue warrant of arrest on Managing Directors, Total and Saipem, if they fail to appear in person on Tuesday. The Chairman of the committee, Senator Basset Akpan, gave...

July 20, 2018 No Responses

Firm Ships 1st LNG Cargo To China

Russian gas company PAO Novatek has shipped its first cargoes of liquefied natural gas (LNG) from the Yamal LNG project to China via the Northern Sea Route. To commemorate the occasion, the arrival of LNG carriers Vladimir Rusanov and Eduard...

July 16, 2018 No Responses

Oando: Court Orders Wale Tinubu’s Firms to Pay Volpi $680 Million

The London Court of International Arbitration (LCIA) has issued an award against two companies owned by the Chief Executive Officer of Oando Plc, Mr. Wale Tinubu and his deputy, Mr. Mofe Boyo to pay a total debt of US$680 million...

July 15, 2018 No Responses

LNG Business: Total Seals $1.5B Takeover of Engie’s Portfolio

French energy giant Total has closed the acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of USD 1.5 billion. Should the oil market mark a major improvement in the coming years, Total’s...

July 12, 2018 No Responses

NLNG Seeks $7B For Expansion, Targets 30 Million Tonnes Per Annum

In the build-up towards Final Investment Decision (FID) later in 2018, Nigeria LNG Limited (NLNG)is seeking $7 billion from the global financial markets for the sustainability of its operations and expansion project which will increase its production capacity ...

July 11, 2018 No Responses

NNPC Comes Under Scrutiny Over Alleged N100b Under-Remittance

Citing alleged under-remittance of funds, the House of Representatives has commenced an investigation into the earnings of the Nigerian National Petroleum Corporation (NNPC) since the begining of this year. According to the lawmakers, the investigation wil...

July 10, 2018 No Responses

NNPC Kick- Starts Seven Critical Gas Projects

A major stride in the attainment of national energy sufficiency was achieved in Lagos on Monday with the commencement of technical framing workshop and subsequent project signing ceremony of the seven Critical Gas Development Projects (7CGDP) to deliver about ...

July 9, 2018 No Responses

LNG: Japan To Launch First Bunkering Vessel in 2020

Central LNG Shipping Japan Corporation (CLS) has placed an order for a 3,500 m3 LNG bunkering vessel (LBV) on July 6, the first to be operated in Japan. The joint venture company, established by Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota...

July 6, 2018 No Responses

“NNPC Pays $1b Out Of $5b Cash Call”

The Nigerian National Petroleum Corporation (NNPC) has paid $1billion out of its $5billion cash call. The Group Managing Director, Dr. Maikanti Baru stated this in Abuja while addressing the corporation’s workers via a mail broadcast to commemorate his two-y...

July 1, 2018 No Responses

“NNPC Must Remit N20b To Federation Account”

As the controversy over alleged non-remittance of N20billion to the federation account by Nigerian National Petroleum Corporation (NNPC) continues, states on Saturday insisted the money must be remitted without further delays Chairman of the Finance Commiss...

June 28, 2018 No Responses

Nigeria Targets 10% Global LNG Market

Nigeria has unveiled agenda to attain 10 per cent of the world’s market share in traded Liquefied Natural Gas (LNG) as part of measures to derive maximum value from its abundant natural gas resources. Group Managing Director of the Nigerian...

June 25, 2018 No Responses

NLNG To Receive 23,000 Cubic Metres New LPG Vessel In 2020

Moses Ebosele, ebosele@hotmail.com – Nigeria LNG Limited (NLNG) has concluded plans to receive 23,000 cubic metres new vessel in 2020 as part of measures to reinforce the Domestic Liquefied Petroleum Gas (LPG) market, boost volume and availability...

June 12, 2018 No Responses

NLNG Hands Over 85 Entries To Advisory Board

For the first time in the history of The Nigeria Prize for Science, sponsored by Nigeria LNG Limited (NLNG), the 2018 edition of the prize has received a record-breaking eighty-five (85) entries, from innovators and scientists in the electric power...

June 12, 2018 No Responses

Shell’s FLNG Receives First Gas Onboard

Gas has been introduced onto Shell’s Prelude floating liquefied natural gas (FLNG), representing a significant milestone for the facility. As explained, this is a moment of firsts for Prelude and an opportunity to test processes and systems before the su...