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Liquefied Natural Gas

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.

Pakistan begins importation of Nigeria’s liquefied natural gas

Pakistan has begun the importation of Nigeria’s Liquefied Natural Gas (LNG) as part of efforts to deepen the economic relationship between the two nations.

Ghana’s downstream sector regulator seeks collaboration with Nigeria’s Techno Oil

A delegation from Ghana’s National Petroleum Authority (NPA) visited the management of Techno Oil Ltd. in Lagos on Friday, to seek collaboration on Liquefied Natural Gas (LPG) and cylinder marketing in Ghana.

The quiet gas revolution in Nigeria

Greenville has today become the pioneer Nigerian domestic LNG producer with the main objective of extending gas supply to regions not served or under served by gas pipelines with the hope of producing cheaper energy to many companies and households for industrial and domestic uses.

Recent Stories

Man jailed 15 years in Ekiti for manslaughter

A 52-year-old man, Joshua Akanbi, has been jailed for 15 years by an Ado Ekiti High Court for manslaughter. He committed the offence during a land dispute between Ayede Ekiti and Itaji Ekiti in 2017.

NAF to take delivery of battle aircraft

The Nigerian Air Force says it will take delivery of Augusta 109 power helicopter from Italy soon, to strengthen its arsenal for the fight against insurgency in the North-West.
National Judicial Council | NJC

Stakeholders seek NJC intervention on violence during Rivers elections

Stakeholders in Rivers State on Tuesday has called on the National Judicial Commission (NJC) to ensure justice is meted out to perpetrators of violence during and after the 2019 general elections.

Election petitions: PCA Bulkachuwa threatens to deal with erring judges

The President of the Court of Appeal, Justice Zainab Bulkachuwa, on Wednesday warned that the court will not hesitate to deal decisively with any chairman or member of the Election Petitions Tribunal found wanting in the discharge of his or her duties.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Atiku Abubakar: I’ll reclaim my mandate

The Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has vowed to reclaim his stolen mandate.