Home Topics Oil and Gas
Oil and Gas
Under this arrangement, MainOne will leverage Avanti’s newest satellite, HYLAS 4, launched in April 2018 to enable highly flexible capacity services with 100% country coverage of Nigeria.
Samsung Heavy Industries (SHI) says it has invested over 400 million dollars in the Nigerian oil and gas industry since the global shipbuilding giant was awarded the contract to build the Floating Production Storage Offloading (FPSO) vessel for the 200,000 barrels of crude oil per day Egina deepwater field.
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.
Mahmoud Isa-Dutse, the permanent secretary of the ministry of finance, says the balance of the excess crude account declined by $1.68 billion between November 25 and December 19.
Emmanuel Ibe Kachikwu, the Minister of State, Petroleum Resources, has said that the Egina FPSO project, once commissioned this month, will increase Nigeria’s daily crude oil production by 200, 000 barrels.
There are indications that the prevailing calm in the oil and gas industry may be sustained at a huge cost to the Federal Government as operators within the sector have intensified pressure on President Muhammadu Buhari to pay subsidy arrears inherited from former President Goodluck Jonathan.
President Muhammadu Buhari has expressed his commitment to reform the oil and gas sector, pointing out that effectively reforming the petroleum industry must be meticulous and designed to meet the yearnings and aspirations of the citizenry.
Barring the unforeseen, the $12 million Liquefied Petroleum Gas plant (LPG) currently under construction in Ikuru in Rivers State, by Green Energy International Limited (GEIL), operator of Otakikpo Marginal field in OML 11, will become operational by the second quarter of 2019.
Buoyed by the ongoing peace initiatives by the national leadership of the All Progressives Congress (APC), the governorship candidate of the party in Ogun State, Prince Dapo Abiodun, has expressed confidence that Governor Ibikunle Amosun will reconcile with the party and support him to win the governorship election scheduled for March 2019.
The Federal Government has pledged to sign the Petroleum Industry Bill into law once the bill is transmitted to the presidency.
A business group warned on Tuesday that a labor shortage in Canada is deepening, with more than 430,000 jobs at small and medium-sized firms remaining unfilled for at least four months.
The downward slide of crude price may hamper current economic prospects in the country, particularly if the development refuses to abate, oil and gas analysts have said.
The Secretary to Ogun State Government, Mr Taiwo Adeoluwa, was Friday involved in an auto crash along the Abeokuta – Sagamu Road in which one person died.
Few hours to the presidential and National Assembly elections, Buhari Campaign Organisation (BCO) has said that thuggery and ballot snatchers have no place in a credible democracy.
Multiple explosions were heard in Maiduguri, the Borno State capital in Northeast Nigeria on Saturday morning.
The United States said Friday it will refuse visas to the Democratic Republic of Congo’s election chief and top judge on charges that they undermined long-awaited presidential polls.
Mr Kassim Gaidam, the Resident Electoral Commissioner of the Independent National Electoral Commission (INEC) in Adamawa state, has called for close working relationship with stakeholders for the conduct of credible elections.
The Peoples Democratic Party in Ekiti State on Sunday accused the Independent National Electoral Commission in the state of providing for electoral fraud in last Saturday’s rescheduled presidential and National Assembly elections by releasing excess polling units result sheets, Form EC8A.
A mild drama occurred on Sunday when the All Progressives Congress (APC) Deputy Governorship candidate in Kwara, Mr Kayode Alabi, visited Christ Apostolic Church (CAC), Gaa Akanbi, to seek spiritual guidance.
A US man being fired from his job shot dead five co-workers at a factory on the outskirts of Chicago and wounded five police officers before being gunned down himself, in the country’s latest mass shooting.
Ghana forward Emmanuel Boateng has joined Chinese Super League club Dalian Yifang from Spanish side Levante.
The Ebonyi State Governor, Chief David Umahi, on Thursday alleged of plans by some political thugs and people believed to be mercenaries by politicians to bomb the offices of the Independent National Electoral Commission (INEC) in the 13 local government area headquarters in the state.