Oil & Gas – Page 9 – City Business News

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...

April 16, 2018 No Responses

Oando Shareholders Seek Adeosun’s Sack Over Alleged Interference

Shareholders of Oando Plc, at the weekend urged President Muhammadu Buhari to immediately sack the Minister of Finance, Mrs. Kemi Adeosun over alleged “unwholesome interference” in the nation’s capital market and “for unnecessarily meddling” with the...

April 14, 2018 No Responses

NNPC to Support Local Investors on Advancement of Technology

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the corporation was committed to supporting local investors towards growing the engineering profession, even as he noted that this would in turn...

April 12, 2018 No Responses

Oando: NSE Gets Two Letters From SEC In 48 Hours

Between April 9th and 11th 2018, the Nigerian Stock Exchange (NSE) received two letters from the Securities and Exchange Commission (SEC). The first letter dated April 9, 2018 directed NSE to lift the suspension placed on the shares of...

April 11, 2018 No Responses

Oando Shareholders Accuse SEC of Shielding Probe

Shareholders of Oando Plc, on Tuesday, appealed to President Muhammadu Buhari and the National Assembly to intervene in the crisis rocking the company. Under the aegis of Proactive Shareholders Association of Nigeria (PROSAN), Trusted Shareholders A...

April 8, 2018 No Responses

160 Firms Bid For NNPC Valuation, Land Acquisition Services Contract

Not less than 160 firms of professional estate surveyors and valuers participated in the bid to provide the Nigerian National Petroleum Corporation (NNPC) with valuation and land acquisition services. This was disclosed by the Group General Manager (GGM), S...

April 7, 2018 No Responses

NNPC Signs $2.8B Contract For Ajaokuta – Kaduna – Kano Gas pipeline Project

The Nigerian National Petroleum Corporation (NNPC) has executed contracts for the engineering, procurement, construction, commissioning and financing for Lots 1&3 of the 40inch x 614km Ajaokuta – Kaduna – Kano gas pipeline and stations with a consorti...

April 3, 2018 No Responses

First LNG Cargo From United States Arrives In Indian

India has received its first LNG cargo from the United States, gas utility company GAIL said. The Denmark-flagged Meridian Spirit carrying 120,000 tons of cargo docked at Dabhol on March 30, 2018. GAIL hired the ship in September 2017 to...