Nigeria Revokes Eleven Oil Mining Licenses
The Nigerian Government has revoked Oil Mining Licences (OML) of 11 oil and gas companies operating in the Marginal Fields. The Guardian reports that the affected companies include Movido–Ekeh, Goland …
NEPZA, World Bank, IFC Partner To Attract FDIs To Free Zones
The Nigeria Export Processing Zones Authority (NEPZA) said its new partnership with the World Bank and the International Financial Corporation (IFC) in the area of infrastructural development of free trade …
Dangote proposes solution to check gas-flaring in Nigeria
Dangote Industries Limited on Sunday promised that its ongoing subsea gas pipeline project would on completion, cut the amount of flared gas in the country considerably while delivering gas supply …
AfDB signs $200m for Nigeria’s power transmission projects
The African Development Bank has signed for the release of $200m (about N61.2bn) to Nigeria for the expansion of the country’s power transmission infrastructure. It was gathered in Abuja on …
NCDMB, Shell sign deal on Bayelsa gas facility
The Nigerian Content Development and Monitoring Board has announced the signing of an agreement with Shell Nigeria Gas for the lease of one hectare of its land at Polaku, Bayelsa …
NNPC to begin gas pipeline construction by Q2 2020
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the construction of the Ajaokuta-Kaduna-Kano gas pipeline would commence in the second quarter of 2020. The corporation’s Group Managing Director, Mallam …
Saipem ‘beats all targets’ for 2019 as it swings back to profit
The Italian oilfield services firm posted a pre-tax profit of £191million for the 2019 financial year, up from a loss of £180m the previous year. Meanwhile net debt, excluding that …
Nigeria to begin online ship registration as NIMASA unveils High-Tech registration certificate
In a bid to have a world-class Ship Registry and enhance the Ease of Doing Business in the maritime sector, the Nigerian Maritime Administration and Safety Agency (NIMASA) has concluded …
Derefaka: FG Liberalising Gas Market with New Transportation Code
The federal government intends to make Nigeria’s gas market profitable to investors and the country, with the National Gas Transportation Network Code, the Technical Adviser on Gas Business and Policy …
Nigeria LNG signs 10-year LNG deal with Galp
Nigeria Liquefied Natural Gas (NLNG) has signed a deal with Galp Trading SA for the supply of one million tonnes of LNG per year, the African producer said in a …