NNPC 80% ready for an IPO, Kyari says
Such a move might either be an IPO, Kyari said, or selling equity in the company to a strategic investor.
Nigeria LNG (NLNG)
Nigeria’s focus on thieves misses metering miscalculations
The AG said this failure would have a “disastrous effect of capital flight and commercial fraud”.
Nigeria scaling up deepwater, LNG plans, NNPC boss confirms
Nigeria is currently producing 1.45 million barrels per day, with plans to scale this up to 1.8mn bpd by the end of November.
NLNG declares force majeure on Niger Delta flooding
Nigeria LNG (NLNG) has declared force majeure as a result of flooding that disrupted upstream gas suppliers.
Opportunity in Africa’s LNG, if Europe gets serious on supply
Africa could build 120 million tonnes per year of LNG capacity, the International Gas Union (IGU) has said, but development remains slow.
NLNG doubles down on domestic LPG, while Train 7 languishes
Nigeria LNG (NLNG) will supply all of its LPG production to the domestic market, the company has announced, in line with the government’s plans to bolster local consumption.
NLNG breaks ground on Train 7
Nigeria LNG has held a ceremony to mark the start of construction at Train 7, increasing capacity by around 35%.
Wike slams IOCs for Niger Delta safety fears
Rivers State Governor Nyesom Wike has accused international oil companies of backing a conspiracy theory that the Niger Delta is unsafe.
Shell refills African exploration hopper as volumes ebb
Shell’s Nigerian production fell to 223,000 barrels of oil equivalent per day in 2020, with the company blaming security issues, sabotage and theft.
Shell warns of LNG under-investment
Demand for LNG will continue rising, Shell expects, leading the company to warn of a supply shortage by the mid-decade.
Siemens wins NLNG compression train work
Nigeria LNG (NLNG) has awarded Siemens Energy a contract to provide a boil-off gas (BOG) compression train at Bonny Island.
NLNG denies illegal withdrawal of $1.05bn
Nigeria LNG (NLNG) has denied reports that top officials illegally withdrew $1.05 billion from its dividend account with its majority shareholder, Nigerian National Petroleum Corp. (NNPC).
Illicit fuel storage fire in Lagos extinguished
The Lagos State Emergency Management Agency (LASEMA) has put out a fire at an illicit fuel storage depot at Oregun.
As gas prices sag, Nigeria plans to export more
Nigeria plans to keep its liquefied natural supply at current levels despite prices near record lows, the opposite of what exporters from the US to Australia are doing.
Might makes for LNG opportunities
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
NNPC tapped to shore up Nigeria’s virus fight
The Nigerian National Petroleum Corp. (NNPC) and Central Bank of Nigeria (CBN) will provide the funds for expatriate Nigerians to be brought home.
ExxonMobil employees arrested in coronavirus crackdown
Rivers State has arrested 22 ExxonMobil employees for violating quarantine by entering the area from Akwa Ibom.