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 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.
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 […]
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 […]
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 […]
Nigerian National Petroleum Corporation (NNPC), has revealed that only 38 per cent of the over 5,120 kilometre owned by the state oil company is functioning. Although the Group Managing Director, NNPC, Mele Kyari, while admitting that pipelines remained the safest way to move crude oil and products, he said the Corporation has struggled to efficiently […]
The Nigerian National Petroleum Corporation (“NNPC”) and FIRST Exploration and Petroleum Development Company (“FIRST E&P”) Joint Venture has announced the commencement of oil production from the Anyala West field in Oil Mining Leases (OMLs) 83 & 85. OMLs 83 & 85 are in the shallow waters offshore Bayelsa State where FIRST E&P is the Operator […]
Amidst dwindling oil revenue occasioned by the coronavirus pandemic, Nigeria produced 155,062,220 barrels of crude oil and condensate for the months of July, August and September. According to data from the Department of Petroleum Resources, the country produced a daily average of 1,701,738, 1,704,669 and 1,648,786 for the months of July, August and September 2020, translating […]
Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO. The Yinson-owned Abigail-Joseph FPSO is a redeployment of one of Yinson’s existing vessels, FPSO Allan, which had previously operated for nearly 10 years in the Olowi Field in Gabon. The vessel was chartered by First E&P on […]
The Federal Government said it was willing to resume oil exploration in the Lake Chad Basin. The exercise was suspended by the government in July 2017 after suspected members of Boko Haram attacked a team of geological engineers from the University of Maiduguri who were engaged by Nigeria National Petroleum Corporation to carry out a […]
