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Liquefied Natural Gas

DPR issues license to establish Ajaokuta LNG Project

The Department of Petroleum Resources (DPR) has issued a License to Establish (LTE) for the Liquefied Natural Gas (LNG) facility in Ajaokuta, Kogi State.
Maikanti Baru

NNPC assures transparent selection of off-takers for sales of Natural gas

The Nigerian National Petroleum Corporation (NNPC) says the selection process for off-takers for the sales and purchase of natural gas liquid resources will be transparent.

Saudi King okays planned multiple oil investment pact with Nigeria

The King of Saudi Arabia, Salman bin Abdulaziz Al Saud, and the Crown Prince, H.R.H. Mohammed bin Salman bin Abdulaziz Al Saud have endorsed a memorandum of understanding (MoU) being prepared by Nigeria and the Kingdom of Saudi Arabia to enable both countries engage in multiple aspects of oil and gas business.

China’s industrial slowdown hits oil and gas trade

China’s thirst for oil and gas is set to wane this year, though in 2018 it posted a record intake for both crude oil and liquefied natural gas (LNG), cementing its status as the world’s largest oil and second-largest LNG importer.
Saad al-Kaabi, chief executive of Qatar Petroleum, says QP wants to invest heavily in the US [Naseem Zeitoon-Reuters]

Qatar Petroleum looks to invest $20 billion in US

Qatar Petroleum (QP) is looking to invest at least $20bn in the United States, its chief executive has said, after the Gulf Arab state quit OPEC, freeing Doha from potential legal risks in the US.

NNPC targets 10% share of global LNG market

As part of its strategic aspirations to drive maximum value from Nigeria’s abundant natural gas resources, the Nigerian National Petroleum Corporation (NNPC) is targeting 10 per cent market share of the global Liquefied Natural Gas (LNG) market.
Ali Ahmed Al Kuwari

Qatar appoints QNB boss Al-Kuwari minister in cabinet reshuffle

Qatar appointed the heads of its biggest bank and state-run oil firm to two key ministerial posts in a cabinet reshuffle on Sunday which comes amid a protracted dispute with Arab states.
Qatar Petroleum said it is boosting its natural gas production by adding a fourth liquefied natural gas (LNG) production line to raise capacity from the North Field to 110 million tonnes a year.

Qatar to increase gas production amid GCC rift

Qatar Petroleum said it is boosting its natural gas production by adding a fourth liquefied natural gas (LNG) production line to raise capacity from the North Field to 110 million tonnes a year.
Xi Jinping

China retaliates, levies tariff on $60bn U.S. imports

China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products.

Federal government to raise stakes in Brass, Olokola LNG

In a fresh move to revive Brass Liquefied Natural Gas and Olokola LNG, the Federal Government said it was working towards making the Nigerian Liquefied Natural Gas Company (NLNG) acquire stakes in both firms.

NLNG: Nigeria to become 3rd world largest exporter of gas

The Nigeria Liquefied Natural Gas (NLNG) Ltd., says its ongoing plans to reach a Final Investment Decision (FID) on its Train-7 project by December will make Nigeria the third World largest gas exporter.

Maikanti Baru: Federal government targets 10% global LNG market

As part of its strategic aspirations to derive maximum value from Nigeria’s abundant natural gas resources, the Federal Government is targeting 10 per cent of the world’s market share in traded Liquefied Natural Gas (LNG).

Ibe Kachikwu, Tonye Cole to speak at Light Up Nigeria confab

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, will be delivering the keynote address at this year’s Brand Innovation Light Up Nigeria Energy Conference themed “Repositioning The Energy Sector For Growth” which would hold on May 15th, 2018 at the Oriental Hotel, Lagos.

RMAFC warns federal government against outright sale of national assets

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has warned the federal government against the outright sale of critical national assets as contained in the Economic Recovery and Growth Plan (ERGP).

Earthquake kills 18 in Papua New Guinea

Eighteen people have been killed as a fresh magnitude 6.7 earthquake struck Papua New Guinea’s mountainous Southern Highlands, on Wednesday.

Shell’s annual profit triples to $13bn

Royal Dutch Shell said Thursday that profit after taxation almost tripled to just under $13bn (10.5 billion euros) in 2017, energised by rising oil and gas prices.

Nigeria earns N398 billion from LNG, cooking gas exports

Nigeria earned N397 billion from the export of Liquefied Natural Gas, LNG and Liquefied Petroleum Gas, LPG, also known as cooking gas, in the third quarter of 2017, data obtained from the National Bureau of Statistics, NBS, has revealed.

Firm gets nod to establish LPG extraction plant in Niger Delta

The operator of the Otakikpo marginal field in OML 11, Green Energy International Limited has gotten the nod of the Federal Government to establish a Liquefied Natural Gas (LPG) extraction plant at Ikuru town in Rivers state.

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Stakeholders react to presidential directive on forex restriction

Stakeholders have continued to react to the recent directive given by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) to restrict forex on food items being imported into the country.

Ibraheem El-Zakzaky: I live in a large house, well furnished — video

In a trending video, leader of the Islamic Movement in Nigeria, Sheikh Ibraheem El-Zakzaky glamorized his detention experience since December 2015.
Turkish President Recep Tayyip Erdogan gives a joint press conference with his Russian counterpart at the Kremlin in Moscow on April 8, 2019. (Photo by Alexander NEMENOV - AFP)

Turkish lawyers threaten boycott of Erdogan’s courts ceremony

Dozens of Turkish bar associations are threatening to boycott President Recep Tayyip Erdogan’s planned ceremony to open the judicial year at the presidential palace, saying it would be another violation of the judiciary’s independence.

Four dead in Romania psychiatric hospital attack

Four people have died and nine were injured after being attacked by a patient in a psychiatric hospital, Romanian press reports said Sunday.
Senator Enyinnaya Abaribe

Senator Abaribe: ike Ekweremadu’s attack is un-Igbo

The senator representing Abia-South senatorial district, Enyinnaya Abaribe, has condemned the attack on the former deputy senate president, Dr Ike Ekweremadu, by members identified as the Indigenous People of Biafra, IPOB.