Month: February 2021

DPR deepens floating LNG production with new licence

DPR deepens floating LNG production with new licence

Few years after the Floating Liquefied Natural Gas (FLNG) technology became feasible; the Department of Petroleum Resources (DPR), Monday, granted Nigeria’s first licence for the production of 176 million cubic feet per day (MMCFD) of gas. FLNGs are water-based LNG, which uses modern technology in the development of offshore natural gas resources. With the initiative, […]

SEPLAT and Partners Signs Gas Project Financial MOU

SEPLAT and Partners Signs Gas Project Financial MOU

SEPLAT Petroleum Development Company plc, NNPC and partners have secured a two hundred and sixty million dollars funding for the ANOH gas project. The funding, from a consortium of seven indigenous banks, is first of its kind for gas midstream and one that experts believe will contribute to transforming Nigeria’s energy landscape.

NLNG generates $108bn, delivers 5,000 cargoes in 21 years.

NLNG generates $108bn, delivers 5,000 cargoes in 21 years.

The Nigeria Liquefied Natural Gas Company Limited has said its fixed assets are now worth $11bn while it has 23 ships that have delivered about 5000 LNG cargoes to destinations around the worth since its establishment 21 years ago. The company also said it has generated revenue amounting to $108bn, out of which dividend worth […]

Gas supply increase raised Nigeria’s power generation by 3,358MW- NNPC

Gas supply increase raised Nigeria’s power generation by 3,358MW- NNPC

The Nigerian National Petroleum Corporation in its latest monthly operations report said the increase in gas supply to 789 million standard cubic feet, which was delivered to gas-fired power plants, led to the generation of 3,358 megawatts of electricity. Also, power sector performance updates seen at the Federal Ministry of Power in Abuja on Monday […]

NNPC extends crude oil swap contracts to June 2021

NNPC extends crude oil swap contracts to June 2021

Nigerian National Petroleum Corporation (NNPC) has said it will continue to swap crude oil for refined petroleum products till June. “The DSDP was extended till June 2021 to enable us to conclude the ongoing process of putting new contact in place,” as said by NNPC spokesman Kennie Obateru. Nigeria exchanges more than 300,000 barrels per […]

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