Stakeholders explore sustainable solutions to power challenges
Worried about the poor state of power generation and distribution in the country, stakeholders in the renewable energy space as well as Liquefied Natural Gas (LNG) sector, are exploring solutions to address the gaps.
‘Growing energy consumption necessitating transition from traditional supply’
With the consumption rate of energy rising faster than the population growth rate, stakeholders in the energy sector have advocated renewed energy mix and transition...
Oil majors raise stake in gas to hedge unstable oil prices
The need to hedge their earnings against the challenges of unstable oil prices and weaker refining margins is pushing many oil majors...
Another four years of hope for stable oil prices
Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu, was quoted two years ago to have said he would resign if Nigeria continued to import fuel by 2019. His 2019 projection was hinged on the proposed completion of Dangote’s refinery at the time. Despite sustaining the flow of products with minor issues in the last…
‘WAPCo not considering pipeline expansion now’
Harriet Wereko-Brobby is the General Manager Corporate Affairs, West African Gas Pipeline Company Limited (WAPCo).
Company inaugurates $500M LNG plant, seeks government support
In line with the Federal Government’s initiative on gas to power, Greenville, an oil and gas company has inaugurated its first phase of Liquefied Natural Gas (LNG) plant with a daily capacity of 2,250 tons in Rumuji, River State. The plant, which is at a tune of between $450 million and $500 million dollars worth…
World’s first LNG-powered cruise ship debuts
The industry’s dream of reducing shipping emission is almost a reality, as AIDAnova, the world’s first cruise ship powered with Liquefied Natural Gas (LNG), sailed out of the Meyer Werft’s building dock in Papenburg, Germany.
Thomas: Olokola, Brass LNG Hamstrung by over politicisation of economic decisions
President, Nigerian Gas Association (NGA), Dada Thomas, in this interview with KINGSLEY JEREMIAH, said sloppy formulation and implementation of policies, as well as, failure to take swift economic decisions contributed to the comatose state of the Brass and Olokola Liquefied Natural Gas projects. Thomas, who is Founder/Chief Executive Officer of Frontier Oil Limited, also said the…
Government’s inaction robs nation of $24b, 18,000 jobs
The Federal Government’s failure to get the Brass Liquefied Natural Gas (LNG) project in Bayelsa State, (which it initiated) on stream, nearly 15 years after, has robbed the country of over $24b in estimated revenue, as well as, about 18, 000 jobs.