Libya’s National Oil Company has confirmed that is has lost virtually all of its oil production, at 1.2 million barrels per day of oil production, and $77 million in daily financial loss, according to the Libya Herald. NOC has confirmed that the ports of Hariga, Brega, Sidra, and Ras Lanuf ports are closed and under force majeure….
The gas market is suffering from oversupply, as the shale industry has drilled the market into another bust. The share prices for top gas players were deep into red territory on Friday. Range Resources, for instance, was off by more than 8 percent. The story has been the same for quite a while. Natural gas…
Due to work that will soon take place on the West African gas pipeline (WAGP), gas availability will be limited to Lomé, Cotonou and Accra, for the first quarter of 2020. Indeed, according to a press release from WAPCo (West African Gas Pipeline Company), the network will be the subject, from Monday, January 20, of…
Official signing of the agreement by Jide Jadesimi, LADOL Executive Director Business Development (right) and Harmen Tiddens, General Manager Mammoet West Afri Nigerian Lagos Deep Offshore Logistic Base (LADOL) and Mammoet, the global leader in engineered heavy lifting and transport, are proud to announce a strategic partnership. The partnership is aimed at expanding LADOL’s…
LONDON (Reuters) – Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market. Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a…
Ebonyi State Government on Tuesday sacked all contractors handling the construction of the State International Market along Abakaliki/Ogoja highway. According to the government, Governor David Umahi approved their disengagement following slow pace of work at the site. Recall that January 10th was slated for the commissioning and relocation of the traders but the Governor shifted…
Delta Government on Tuesday approved 11 new roads in the state for construction. Commissioner for Works, Chief James Auguye, disclosed this to newsmen at the end of the state’s Executive Council meeting in Asaba. The roads approved for construction are; Oniore/High Court road, Orerokpe; Obi Azikwuo Street, Boji Boji, Owa; Alika Street in Boji Boji,…
…As CEO Total E&P Nigeria pays courtesy visit The Department of Petroleum Resources (DPR), Port Harcourt Zonal office, has urged the public to switch to gas as the use of DPK popularly known as kerosene is dangerous. Zonal Controller of DPR, Bassey Nkanga, who stated this explained that there was a tendency among some unscrupulous…
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce that, further to its announcement on 13 January 2020, it has reached an agreement with Optimum Petroleum Development Company, the Operator of the OPL 310 License, on deferring the company’s financial and operational obligations…
The Department of Petroleum Resources (DPR) Kaduna Zonal Office, on Tuesday confiscated 20 pieces of 12.5kg expired and burnt gas cylinders undergoing refurbishing for use. DPR officials also ordered the arrest of the owner of the welding shop where the cylinders were being refurbished and four others working with him. Operatives of the Nigerian Security…