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Nigeria is taking its first steps to expand its liquefied natural gas capacity by a third, outlining a $12 billion program to help it keep up with the world’s biggest producers of the fuel. Nigeria LNG, a venture involving the state-owned oil company and three oil majors, signed engineering and design contracts for a seventh …
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by Matthew V. Veazey Rigzone Staff Eni has bolstered its presence in Mozambique. Eni S.p.A. has bolstered its presence in Mozambique by acquiring the exclusive exploration and development rights of the offshore block A5-A in the deepwater Northern Zambezi Basin, the Italy-based company announced Wednesday. Eni won the block in the East African country’s fifth …
Oil and gas company New Age has completed a two-well appraisal campaign at the Etinde block offshore Cameroon and confirmed additional resources in the block. Topaz Driller; Source: Vantage DrillingNew Age is the operator of the Etinde field with a 37.5% working interest. Bowleven and Lukoil are partners with a 25% and 37.5% working interest, …
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In the build-up towards Train 7 Final Investment Decision (FID) later this year, the Nigeria LNG Limited (NLNG) is seeking about N2.52 trillion ($7 billion) from the global financial markets for the sustainability of its operations and expansion project which will increase its production capacity from 22 Million Tonnes Per Annum (MTPA) to 30 MTPA. …
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North Africa-focused oil company SDX Energy has terminated talks for a potential acquisition of assets in Egypt from BP. An offshore drilling rig used by BP to drill for oil and gas in the Mediterranean Sea, offshore Egypt in 2014 /image source: BPThe company had on September 20 said that it was in talks for …
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In the build-up towards Final Investment Decision (FID) later in 2018, Nigeria LNG Limited (NLNG) is seeking $7 billion from the global financial markets for the sustainability of its operations and expansion project which will increase its production capacity from 22 Million Tonnes Per Annum (MTPA) to 30 MTPA. NLNG is a private limited liability …
Continue reading "NLNG seeks $7bn for sustainability, Train 7 expansion (The Citizen NG)"
… to invest in the gas value chain …set to sign MoUs with investors on NOGAPS Players in the gas sector should canvass for speedy implementation of existing policies and pursue the delivery of identified gas opportunities, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. …
… AS Nigeria’s Proven Gas Reserves Hit 202 Trillion Cubic Feet A major stride in the drive for optimization of the nation’s vast gas resources has been recorded with the execution of a novel contract between the Nigerian National Petroleum Corporation (NNPC) and a private firm for the activation of virtual gas pipeline network for …
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Dmitry Zhdannikov, Rania El Gamal LONDON/DUBAI (Reuters) - OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said. Proposed U.S. legislation known as “NOPEC”, …
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Both global oil demand and supply are now close to new, historically significant peaks at 100 mb/d, and neither show signs of ceasing to grow any time soon, the International Energy Agency (IEA) has said. Oil platform; Image source: BSEE – used under a public license According to IEA’s report from last Friday, fifteen years ago, forecasts …
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