24 C
Lagos, South Africa and New York
Thursday, August 6, 2020

Nigeria’s Temile Signs $120m deal with S/Korean firm, HHI to build LPG carrier

Temile Development Company Limited, an indigenous shipping company operating in the Nigerian oil and gas industry, has signed a ship building contract with South Korean shipbuilder; Hyundai Heavy Industries Limited, to build an optional Liquefied Petroleum Gas (LPG) carriers. Both vessels are valued at over...

Deepen your investments to reduce Nigeria’s crude importation, Kachikwu urges IOCs

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday urged oil giants to build signature refineries in Nigeria. Signature refineries are bigger than modular ones but do not produce up to the large scale refineries in Nigeria. They are built mainly to...

DPR Issues Licence for Ajaokuta LNG Project

xxela Limited, a gas and power portfolio company, has announced that the Department of Petroleum Resources (DPR) has issued a Licence to Establish (LTE) for the Liquefied Natural Gas (LNG) facility in Ajaokuta, Kogi State. Axxela, in a statement, explained that the LNG project was...

Nigeria to export 1m barrels of first oil from $16bn Egina project in January, 2019

N20bn expected at current $67 per barrel, N305 exchange rate There are indications that the coming on stream of the $16 billion Egina project will enhance the revenue profile of Nigeria and other stakeholders as plans have been concluded to export one million...

UPDATED: Nigeria LNG signs 10-year deal with Total to produce1.5M tonnes of LNG per year

LONDON, Jan 22 - Nigeria Liquefied Natural Gas has signed a deal with French energy group Total for 1.5 million tonnes of LNG per year, the African producer said on Wednesday. The agreement is for 10 years, with volumes to be supplied to Total...

Exxon eyes Egypt’s offshore oil and gas: sources

LONDON/VIENNA - Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. Officials from the world’s largest listed oil producer recently held talks with...

$186m Afam fast power project to add 240mw to National grid- FG

To commission the project next month …Has capacity to power 1.5 million homes Nigeria's $186 million Afam Fast power project would be ready for commissioning next month, the Federal Government has announced. The project tagged “power on the wheel” initiated by the All Progressive Congress APC,...

Analysts see Dangote’s $15 Billion Oil Bet Reduce Nigeria’s Fuel Import, But Affect Profits on Domestic Sales

Nigeria’s Aliko Dangote building crude refinery near Lagos Billionaire also investing in fertilizers, gas distribution Aliko Dangote has made a fortune out of cement and food processing. Now, Africa’s richest person is embarking on a bigger challenge: a $15 billion investment in oil, gas and petrochemicals...

Fanning’s San Leon gets $19m loan repayment from Nigerian oil well

Irish oil and exploration company San Leon, founded by the former stockbroker Oisin Fanning, last week received a $19 million loan repayment as part of its stake in a Nigerian oil well that been troubled by technical glitches, Naija247news understands. Oil and gas development and...

NNPC woo investors on $10b barrel deep-water resources

Nigerian National Petroleum Corporation (NNPC) to increase Nigeria’s crude oil reserve was taken a notch higher yesterday with the unveiling of multi-billion dollar investment opportunities in the nation’s deep-offshore frontiers at the 10th World Energy Capital Assembly in London, United Kingdom. Delivering an address...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com
Open chat
Send us your story