Oil & Gas Archives — Page 8 of 21

June 4, 2018 No Responses

Ibeto Cement Acquires 70 Per Cent Stake In Century Petroleum

IBETO Cement Company Limited has acquired 70 per cent stake in a United States (U.S.) publicly traded petroleum exploration and production company. Ibeto in a statement explained that the development has resulted in the reverse of merger of the...

June 3, 2018 No Responses

Conoil Explains N1.4B Dividend

Conoil Plc has proposed N1.4billion as dividend payout to its shareholders for its last financial year in the face of daunting economic challenges in the country. This translates to N2.00 on every 50 kobo ordinary share. It is in line...

May 24, 2018 No Responses

NNPC To Approach NPA Board Over Accumulated 20 Years Debts

The Management of Nigerian National Petroleum Corporation (NNPC) may approach the Board of Nigerian Ports Authority (NPA)to seek soft landing on the payment of over 20 years legacy debts. Meanwhile, all debts owed the Nigerian Ports Authority (NPA) by.....

May 17, 2018 No Responses

Total Pulls Out Of $1Billion Gas Deal

French energy giant Total is preparing to pull out of a billion dollar gas project in Iran in the face of renewed US sanctions. Total said it will unwind operations by November unless sanctions are waived. Washington is re-imposing strict...

May 17, 2018 No Responses

National Assembly Increases Oil Price Benchmark To $51

The National Assembly on Wednesday passed the Appropriation Bill into law.The estimated expenditure proposed by the President Muhammadu Buhari six months ago was also raised to N9,120,334,988,225, an increase of N508 billion. Senate Appropriation Committee Cha...

May 17, 2018 No Responses

Shell Nigeria Increases Domestic Gas Distribution Capacity By 150%

Shell Nigeria Gas (SNG) Limited has increased its domestic gas distribution capacity by 150% over the last six months. The increase in capacity will enable the company to distribute more than 100 million standard cubic feet of gas per day...

May 14, 2018 No Responses

Kyari Appointed Nigeria’s OPEC Representative

The Nigerian National Petroleum Corporation (NNPC) says its Group General Manager, Crude Oil Marketing Division, Mallam Mele Kyari has been appointed Nigeria’s National Representative to the Organisation of Petroleum Exporting Countries (OPEC). The NNPC sa...

May 14, 2018 No Responses

NNPC Boosts Gas Supply To Power Sector By 88.89%

The Nigerian National Petroleum Corporation (NNPC) increased the supply of gas to the power sector by 88.89 per cent between January 2017 and January 2018. A press statement by the NNPC Spokesman, Mr Ndu Ughamadu, in Abuja on Sunday, said...

May 3, 2018 No Responses

Solar Turbine Team Visits NNPC Boss

Solar Turbine Team Paid a Courtsey Call On the Group Managing Director (GMD), Nigeria National Peteoleum Corporation (NNPC), In Houston, On Thursday. The Team Was Led By Its Sole Distributor/Authorized Representative In Nigeria Chief Lee Ikpea, President Mr...

May 2, 2018 No Responses

LNG Floating Terminal Inaugurated

Indian’s first floating liquefied natural gas (LNG) terminal was inaugurated on May 1 by the country’s gas company H-Energy, a unit of Hiranandani Group. Eni’s floating storage re-gasification unit (FSRU) GDF SUEZ Cape Ann was hired for the job in 2017....

April 30, 2018 No Responses

LNG Bunkering Hub Underway For Shipping Firms

In the light of efforts to decarbonise maritime transport, the Japanese government expects LNG to become a significant fuel for shipping and is positioning Japan as a hub for ships to bunker LNG. A new report by the International Transport...

April 26, 2018 No Responses

LNG Takes Centre Stage As Shipowners Weigh Future Marine Fuel options

With less than two years before the sulphur cap comes into force, LNG is looking more plausible as the marine fuel of the 21st century, according to shipping consultancy Drewry. Many shipowners are still weighing up the dilemma of how...

April 24, 2018 No Responses

Gas Leak Kills Two on Board COSCO Bulker

Two crewmen died and another one sustained injuries in an incident caused by a gas leak aboard Feng Hui Hai near India’s Navlakhi Port on April 22. The 63,300 dwt bulker, loaded with coal, was en route from Indonesia to...

April 21, 2018 No Responses

Report: LNG Tanker Violates Safety Rules

The 2017-built LNG tanker Boris Vilkitsky, owned by Dynagas Holdings, violated a number of safety rules by entering the Northern Sea Route (NSR) with deficiencies, World Maritime News has indicated. Namely, the 96,958 dwt ice class tanker, which trans...