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Friday, August 14, 2020

Nigeria’s NNPC not in competition with Dangote Refinery – Kyari

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says the corporation is not in contest for market share with the forthcoming Dangote Refinery. Kyari disclosed this in a statement signed by Mr Ndu Ughamadu the spokesman for the...

NLNG Train 7 to create about 10,000 direct jobs in Nigeria — ES, NCDMB

In this interview with some journalists at the just concluded 9th Practical Nigerian Content Seminar in Yenagoa, Bayelsa State, Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB), Engr. Simbi Wabote, spoke on various issues bordering on the growth of local content in...

James Fisher Subsea Excavation expands to Nigeria

Global controlled flow excavation specialist James Fisher Subsea Excavation (JFSE), part of the James Fisher & Sons PLC group, has completed its first project in Nigeria and established a base in the country. Tools will be permanently based in Port Harcourt to service clients in...

‘Nigeria Keen on Downstream Deregulation, Liberalisation’

The Department of Petroleum Resources (DPR) has indicated that Nigeria has not given up on its intention to fully liberalise its downstream oil sector, as well as introduce price deregulation. But the agency did not give a timeline for that to happen. It said this amongst...

Emerging LNG, deepwater oil projects may face challenges in 2020—Research

A research released by independent energy firm Rystad Energy states that with a sharp growth in the number of new projects being brought forward by oil and gas operators the oil field service industry is likely to face capacity constraints heading into 2020. ...

Seplat eyes $700 million to develop Imo state’s oil field

LONDON, April 24 - Nigerian oil company Seplat said on Wednesday it had taken a final investment decision to develop gas fields in the country’s Imo state and would raise $700 million for the venture in partnership with state-owned NNPC. Seplat Chairman and co-founder...

Occidental Petroleum could trim 2020 spending on coronavirus impact

Feb 28 - Occidental Petroleum Corp Chief Executive Vicki Hollub said on Friday that the company is ready to reduce spending this year if oil markets continue to be roiled by global coronavirus fears. "As global commodity prices have declined sharply in recent days,...

Billion-dollar LNG project in southern Mozambique expected in 2020

JOHANNESBURG (Reuters) - A final investment decision on a $3.15 billion liquefied natural gas (LNG) project near Mozambique’s capital will be taken around the middle of 2020, France’s Total and its partners in the project said on Wednesday. The project will see a floating storage...

Nigeria’s NNPC Automates Sales of Nigeria’s Equity Oil Share

The Nigerian National Petroleum Corporation (NNPC) has disclosed that its management of transactions involving Nigeria's equity share of crude oil produced in the country has been automated to up to 98 per cent. It said with the development, information on how much of Nigeria's crude...

Nigeria needs to boost investment in Brass Island modular refinery to cut down cost of crude production

The Nigerian Content Development and Monitoring Board, NCDMB, has stated that a number of investment opportunities in the oil and gas industry abound in Brass, which if developed, would help force down the cost of crude oil and gas production as stipulated by the...
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