Category: Oil & Gas
Libya lifts Force Majeure on all oil exports
“Our infrastructure has suffered lasting damage, and our focus now must be on maintenance and securing a budget for the work to be done. We also must take steps to ensure Libya’s oil production is never again held to ransom,” Sanalla added.
Over 600 firms bid for Nigeria’s 57 marginal oilfields —DPR
“If you are making a bid or auctioning any oil field, you need to get 10 people per field really going after the field. We have 57 fields and we have over 600 companies. So we can say that we are celebrating success so far.
Illegal $1.05bn withdrawals: Reps to investigate NLNG, NNPC
Consequently, the House mandated its Committee on Public Accounts to “invite the management of the NNPC as well as that of the NLNG, to conduct a thorough investigation on activities that have taken place on the dividends account and report back to the House in four weeks.”
Delivery of 614km Ajaokuta-Kaduna-Kano Gas Pipeline project will enhance national energy security, boost economy —Buhari
“Today marks an important chapter in the history of our great nation. It marks the day when our domestic natural gas pipeline networks from Obiafu in Rivers State, Escravos in Delta State and Lekki in Lagos State, are being connected through Kaduna to Kano states thereby further enhancing national energy security,” he said.
NLNG Train-7 project ‘ll unlock opportunities in oil and gas industry —Tony Attah •As NCDMB, NLNG hold EPC Contract kick-off meeting
The MD confirmed that Nigerian Content is one of the key value drivers for Train 7 as it will create jobs, deepen competency and capacity, unlock opportunities in the oil and gas industry and hopefully open the door for further expansion activities with the possibility of further LNG trains and projects.
Rise in global crude oil prices reason Nigerians should switch from petrol to gas —Sylva •Says FG plans to review domestic gas pricing framework
The minister had further noted that the possible hike in petrol price in the near future following the rise in global crude oil prices was another reason why Nigerians should switch from petrol to gas.
What it takes to get a marginal oil and gas field in Nigeria
Nigeria’s marginal fields licensing rounds have been the cornerstone of Nigeria’s upstream local content development strategy since the early 2000s. Following its marginal fields licensing rounds in 2001 and 2013, the Nigerian Department of Petroleum Resources (DPR) recently released guidelines on the 2020 licensing round. Under the 2020 licencing round, a total of 57 fields…
We’ll encourage gas to power initiatives, support SMEs and job creation through our gas commercialisation —SEPLAT Chairman Orjiako
The Chairman, Seplat Petroleum Development Company Plc, Dr. ABC Orjiako, recently spoke to journalists on the performance of the company, the oil and gas industry and other issues. Energy Worth Online brings the excerpts The year 2019 was an interesting year and 2020 has been characterised by so much uncertainties, what factors will drive the…
Court stops FG from auctioning 11 abandoned oilfields
The companies whose licenses were revoked appealed the decision of the Nigerian Department of Petroleum Resources and the federal high court granted this week an injunction, preventing the government from auctioning off the 11 oilfields “pending the determination of the substantive suit.
Chinese oil imports to rise in 2020 despite Coronavirus
China’s apparent crude oil consumption is expected to increase by between 1 percent and 2 percent year on year, CNPC Research says, as carried by Reuters.