Shell to invest $15 billion in Nigeria’s oil and gas industry

Nigeria is set to get a large oil and gas investment from Shell Petroleum Development Company in the amount of about $15 billion, according to the Lagos-based newspaper ThisDay, citing managing director of the unit, Nosa Okunbor. The company operates under a joint venture between the Nigerian National Petroleum Corporation, Royal Dutch Shell Plc, Total

Continue Reading →

Over 200 dies in Nigeria oil pipeline explosion

The number of casualties after an oil product pipeline explosion in Nigeria has reached 200 as people from local communities have gathered to protest the negligence of the Nigerian National Petroleum Corporation which, they allege to be the reason for the explosion. The pipeline exploded after it caught fire near the Aba Depot last week.

Continue Reading →

Total to boost its Nigeria output

French supermajor Total will increase Nigeria’s oil production by 200,000 bpd by the end of the year, a senior official from the local unit of the company said at an industry event, adding that the increase will come from the development of the Egina Deep project. “Our plan is to maintain aggressive exploration and appraisal

Continue Reading →

Shell views gas as the future of Nigeria’s domestic energy sector

Oil giant, Royal Dutch Shell Plc says it is seeking to develop Nigeria’s domestic energy market around natural gas. It’s plentiful, harder to steal, better for the environment and can underpin a robust industrial sector that could potentially employ thousands, according to Ed Ubong, the managing director of Shell Nigeria Gas. Nigeria’s gas reserves are

Continue Reading →

NIGERIA: KBR awarded FEED pact for Nigerian LNG expansion

KBR (formerly Kellogg Brown & Root), a global provider of differentiated professional services and technologies, has been awarded a Liquefied natural gas (LNG) FEED contract by Nigeria Liquefied Natural Gas (NLNG) for further expansion of the Bonny Island LNG plant at Bonny Island, Nigeria.   Under the terms of the contract, KBR, as leader of the Bonny7JV with partners TechnipFMC

Continue Reading →

Nigerian oil exports to fall to 2018 low in July

Nigeria’s oil exports are expected to fall in July to just 1.43 million barrels per day (bpd), loading plans showed on Monday, the lowest level so far this year. The export plan comprised 48 cargoes, compared with 60 cargoes and a daily rate of 1.796 million bpd in June, due in part to an outage

Continue Reading →

NIGERIA: Firms partner to invest in compressed gas project

Powergas Nigeria, a domestic Compressed Natural Gas (CNG) Distribution Company and European Technologies for Africa (ETEFA)- an Austrian green technology company, are investing in the development of CNG as an alternate fuel for mass-transit and haulage sector in the country. To commence the pilot project of employing “One City Bus and One Truck” initiative, the

Continue Reading →