The Nigeria LNG Limited, NLNG, and Total Gas and Power, TGP, have signed a LNG Sale and Purchase Agreement, SPA, for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. The agreement is for the supply of 1.5mtpa for a 10 year term on a Delivered Ex-ship and Free on Board, FOB, …read more →
ENERGY
For Buhari Infrastructure Is Key: Osinbajo
The Federal Government will continue to implement game-changing infrastructure projects around the country to connect the nation’s economic zones and drive economic development, according to Vice President Yemi Osinbajo, SAN. The Vice President further noted that most of the signature projects of the administration, including the Lagos-Kano Rail, Mambilla Hydro Plant, Second Niger Bridge, amongst …read more →
Buhari approves committees to actualise Mambilla power project
President Muhammadu Buhari has approved the constitution of two committees for the Mambilla Hydroelectric Power Project in Taraba State. They are: The Inter-Ministerial Steering Committee (IMSC) and Project Delivery Committee (PDC). The Minister of Power, Sale Mamman, announced this in Abuja through a statement by his Special Adviser (SA) on Media, Mr. Aaron Aritmas. The …read more →
ExxonMobil secures exploration acreage offshore Egypt
ExxonMobil said Monday it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward to working with the government and deploying our proven expertise and advanced technology.” The …read more →
Nigeria to contribute 35% of Africa’s new-build trunk pipeline length by 2023
Nigeria is expected to contribute around 35% of Africa’s total planned and announced oil and gas new-build trunk/transmission pipeline length additions between 2019 and 2023, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details …read more →
OPEC Secretary-General Says Iraqi Oil Facilities Secure, Production Continuing
Iraqi oil facilities are secured and the country’s production is continuing, OPEC’s Secretary-General Mohammed Barkindo said on Wednesday. “It’s a big relief that the facilities continue to be secured in Iraq, the production is continuing and effective,” Barkindo said on the sidelines of a conference in Abu Dhabi, He said he was optimistic Iraq would …read more →
NNPC, Chevron Execute Agreements over Escravos gas-to-liquid Project
The Nigerian National Petroleum Corporation (NNPC) and the Chevron Nigeria Limited (CNL) have executed agreements over the multi-billion dollars Escravos Gas-to-Liquid (EGTL) project. Speaking at a sign-off meeting in Abuja, the Group Managing Director of the corporation, Mele Kyari, disclosed that CNL would boost the domestic gas market with 400MMScf per day gas supply, equivalent …read more →
Environment minister lauds NNPC on Abuja IPP project …… sets up EIA panel
The Minister of Environment, Muhammad Mahmud, has commended the Nigerian National Petroleum Corporation (NNPC) on the proposed Abuja 1350MW Independent Power Plant project aimed at boosting electricity supply in parts of the nation. Mahmud gave the commendation in Abuja during the Panel Review Meeting on the Environmental Impact Assessment (EIA) of the project. He said …read more →
Buhari Outlines New Projects For 2020
President Buhari, in the New Year nationwide broadcast, said Nigerians should expect the commencement of the construction of the Mambilla Power project by the first half of the year. The 3,050-megawatt (MW) Mambilla Hydropower project in Taraba State had witnessed several arbitrations that stalled it for over 40 years. When completed, the project will be …read more →
Obaseki Assures On Benin River Port, Refinery Projects
The Edo State Governor, Mr. Godwin Obaseki, has assured that the state government is on course on the Benin River Port and the Edo Refinery projects, as part of initiatives to industrialise the state. The governor said this during a visit by the Nigeria Governors Forum (NGF) to the Dangote Refinery and Petrochemical plant in …read more →