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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 …
Continue reading "Nigeria takes first step in $12 billion LNG expansion plan"
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 …
​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. …
Continue reading "NLNG signs engineering design contract for Train 7 construction"
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)"
U.S. oil and gas company Anadarko, as operator of Mozambique’s offshore Area 1, has signed a deal for LNG supply with Japan’s Tohoku Electric Power company. Image courtesy of Anadarko PetroleumThe agreement is a confirmation of a Heads of Agreement signed in December 2017, under which Tohoku has pledget to buy a maximum of 0.28 …
Continue reading "Anadarko, Tohoku pen Mozambique gas sales deal"
… 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 …
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A lot of investment opportunities abound in the natural gas sector of the Nigerian petroleum industry. Increasing attention is now being given to this vital sector. Government's aspirations for the gas sector include creating new industries out of the old oil industry; capturing economic value and generating as much revenue from gas as from oil …
Continue reading "NIGERIA GAS: WHAT YOU NEED TO KNOW ABOUT GAS DEVELOPMENT IN NIGERIA"
Algeria’s state hydrocarbon company Sonatrach and the French major TOTAL have signed two agreements as part of the comprehensive partnership announced in 2017: A new concession contract to jointly develop the Erg Issouane gas field located on the TFT Sud permit, signed by Sonatrach, TOTAL and Alnaft (the National Agency for the Valorization of Hydrocarbon …
Continue reading "TOTAL Expects First Gas from Erg Issouane in 2021"
By Kish Onwunali, Abuja Bureau Chief The highest production that the Nigeria Liquefied Natural Gas (NLNG) Ltd has delivered to the market in one calendar year is 21Million Tonnes (21MMTPA) and that was achieved in 2017. “From a production stand point, 2017 was our best year. That was the year that we produced the …
Continue reading "NLNG Recorded Its Highest Output of All Time in 2017"
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