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More Than 600 Firms Bid for Nigeria’s 57 Marginal Oil Fields

More Than 600 Firms Bid for Nigeria’s 57 Marginal Oil Fields

The Department of Petroleum Resources, DPR, yesterday, disclosed that more than 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oilfields in the country. In a television programme, monitored by Vanguard, Mr. Auwalu Sarki, Director of DPR, said the exercise was important as Nigeria last conducted marginal field bid […]

AKK pipeline set to inject 2.2bn scf of gas daily

AKK pipeline set to inject 2.2bn scf of gas daily

The Nigerian National Petroleum Corporation (NNPC) has said that the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project would inject about 2.2 billion standard cubic feet (scf) per day of gas to the domestic market. Malam Mele Kyari, NNPC Group Managing Director disclosed this at the ground breaking ceremony of the project on Tuesday in Ajaokuta, Kogi State. […]

Nigeria Bucks LNG Export Trend

Nigeria Bucks LNG Export Trend

Nigeria plans to keep its liquefied natural gas supply at current levels despite prices near record lows, the opposite of what exporters from the U.S. to Australia are doing. State-owned Nigeria LNG Ltd. plans to continue utilization levels and may even boost exports in August and September depending on demand, according to a person with […]

NNPC records 2,873MW increase in gas for power

NNPC records 2,873MW increase in gas for power

The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja announced an increase of 19.14 per cent in the average daily natural gas supply to power plants which translates to 788millon standard cubic feet of gas per day (mmscfd), equivalent to power generation of 2,873MW. The NNPC, in a release by its Group General Manager, Group […]

NNPC raises gas supply to power sector by 19%

NNPC raises gas supply to power sector by 19%

The Nigerian National Petroleum Corporation (NNPC), Thursday, announced an increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020, which translated to 788 millon standard cubic feet of gas per day (mmscfd), an equivalent to power generation of 2,873 megwatts (MW). In a statement on its Monthly […]

NLNG to begin domestic supply of LNG

NLNG to begin domestic supply of LNG

After decades of exporting liquefied natural gas from the country, the Nigeria LNG Limited has said it is engaging market players to begin domestic supply of the commodity. The NLNG, which is jointly owned by the Federal Government and three international oil companies, was established 1989 to harness Nigeria’s vast natural gas resources and produce […]

Gas constraint hinders Egbin, 10 other plants from optimal power generation

Gas constraint hinders Egbin, 10 other plants from optimal power generation

Dearth of gas supply to Nigeria’s largest power plant, Egbin and 10 others were responsible for low electricity generation at the facilities on Monday. Other plants, whose operations were constrained by gas supply, were Geregu II, Trans Amadi IPP, Delta, Omotosho I, Omotosho II, Olorunsogo I, Olorunsogo II, Sapele II, Ihovbor II and Okpai IPP. According to […]

NNPC’s plan for oil producers to cut Capex, output key

NNPC’s plan for oil producers to cut Capex, output key

THE petroleum industry is facing tough times with the plunge in prices of between 60 per cent and 70 per cent, OANDO Energy Resources (OER) Chief Operating Officer, Dr. Alex Irune, has said. On how the plunge has affected Nigeria’s independents, Irune stated that  his company took a pragmatic approach to hedge some of its […]

Saipem Snags Nigeria LNG Train 7 Project Contracts

Saipem Snags Nigeria LNG Train 7 Project Contracts

Saipem, in a joint venture with Daewoo E&C Co. Ltd. and Chiyoda Corp., has won EPC contracts with Nigeria LNG Ltd. for the Nigeria LNG Train 7 Project at the Bonny Island LNG complex in Nigeria. The value of the contracts is over $4 billion and Saipem’s share is approximately $2.7 billion. The NLNG Train […]

Shell invests in new NLNG processing unit

Shell invests in new NLNG processing unit

Shell Gas B.V., a subsidiary of Royal Dutch Shell plc, has announced that all conditions for its final investment decision (FID) on a new LNG processing unit at Nigeria LNG (NLNG) have now been met. These conditions included formal commitment from the organisations providing financing for the project. Subsequent to the FID, NLNG has announced […]

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