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…
Engage PANDEF on Niger Delta, now!
Worried by the lack of progress in tackling the myriad of intractable problems plaguing the Niger Delta region, Pan Niger Delta Forum...
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.
Top 10 global fleets worth $516 billion
With no African nation making the ranking of ship owning nations, the latest report by Vessel Value has estimated the top 10 global fleets at $516 billion. Topping the list is Greece, with an owned fleet worth about $100 billion, followed closely by Japan and China, worth $89 billion and $84 billion respectively. According to…
Lagos Imperial City kicks off, woos investors to $300m project
The ambitious new deal for a fresh town project within the Lekki -Epe corridor in Lagos seems to be taking shape as the promoters have formally flagged-off the Imperial International Business City (IIBC) project.
Fashola and power supply
Among the many issues plaguing Nigeria and giving citizens sleepless nights, epileptic power supply could be ranked the most outstanding, confounding and shameful.
102 global oil firms earn $4.8b in Q3 2016
About 102 global exploration and production oil companies earned almost $4.8 billion from upstream production during the third quarter Q3 of 2016.
Buhari and Niger Delta leaders
A recent meeting between President Muhammadu Buhari and some leaders of the Niger Delta region is yet another lost opportunity to deepen a constructive engagement in the volatile oil-producing area.