Shell declares force majeure on gas supply to NLNG

Aug 6, 2015

Shell, through its spokesman, Precious Okolobo on Thursday declared force majeure on gas supplies to Nigeria’s LNG export terminal on Bonny Island in Rivers State due to a pipeline leak, Reuters reports. “Shell declared force majeure on gas supplies from SPDC to NLNG (Nigeria Liquefied Natural Gas Co), effective August 4,” Okolobo said, adding that the company…

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10 ships with petroleum products arrive Lagos

Aug 6, 2015

The Nigerian Ports Authority (NPA) said on Thursday that ten ships have arrived the Lagos ports with petroleum products, NAN/Leadership reports. This information was contained in NPA’s daily publication, `Shipping Position’ made available to newsmen in Lagos. It said that eight of the ships arrived the ports with petrol, while the remaining two sailed in with…

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First in-country subsea wellheads produced for Egina project

Aug 6, 2015

FMC Technologies recently delivered four subsea wellheads in Nigeria for Total’s Egina project – the first to be entirely fabricated in country. The wellheads were fabricated for FMC Technologies by Oiltools Africa Limited (OAL), a Nigerian company, and feature a 36-inch-diameter conductor housing and a 20-inch-diameter wellhead assembly. The project was conducted by a team of…

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New NNPC boss sacks top management

Aug 5, 2015

Barely a day after President Muhammadu Buhari appointed him as managing director, Emmanuel Ibe Kachikwu, the new head of the Nigerian National Petroleum Corp (NNPC) has dismissed the firm’s senior managers, Reuters reports. “All of the executive directors were let go … Buhari wanted a clean slate,” one of the dismissed managers said. A second source said…

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Refineries to operate at 90% capacity after TAM – NNPC

Aug 5, 2015

The general manager, Services, Nigerian National Petroleum Corporation (NNPC), Mr Abubakar Muhammed has said that the ongoing Turn-Around-Maintenance (TAM) of the four local refineries will position the facilities to refine at 90 per cent capacity, of which about 40 per cent of that capacity will turn out Premium Motor Spirit (PMS) known as petrol, Leadership reports.…

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Fuel scarcity continues to linger in Lagos, environs

Aug 5, 2015

Fuel scarcity has continued to linger in Lagos and its environs, thus causing much hardship to motorists and other users of the product, National Mirror reports. There are currently only a few filling sta­tions that still have petrol to sell to general public. As such, many motorists have no option than to patronise il­legal operators who…

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Gas based technologies key to Nigeria’s electricity needs – Mantrac boss

Aug 5, 2015

Managing Director of Mantrac Nigeria Limited, Edmund Martin-Lawson, has said that adequate utilization of gas based technologies for power generation can leap frog Nigeria into an electricity stable country, The Guardian reports. He said this while speaking at a conference on ‘Gas to Power Solutions and Options’, in Lagos. Martin-Lawson said the power challenge in…

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Avuru urges FG to sell refineries as opposed to TAM

Aug 5, 2015

The managing director, Seplat Petroleum Development company plc, Austin Avuru has advised the Nigerian National Petroleum Corporation (NNPC) to sell all its four refineries instead of doing perpetual Turn Around Maintenance (TAM) on them, BusinessDay reports. Avuru made this known at the ongoing NAICE 2015 organised by the Society of Petroleum Engineers, Nigeria Council. He…

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Buhari meets with Eni’s CEO Claudio Descalzi

Aug 5, 2015

The President of Nigeria, Mohammadu Buhari, met today in Abuja Eni’s Chief Executive Officer, Claudio Descalzi. Eni’s CEO updated the President on the company’s activities in the Country for the development of both oil and gas resources. The President was particularly pleased with the progress achieved in the offshore activities. Abuja (Nigeria), 3 August 2015…

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Marketers defy DPR by selling petrol above official prices

Aug 4, 2015

Despite last Wednesday’s announcement by the Department of Petroleum Resources (DPR) that it had set up a task force to supervise and monitor the sale of petrol in some depots, some major and independent marketers have continued to sell above the official pump and ex-depot prices, ThisDay reports. Investigations have revealed that petrol is till…

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