Category: Oil & Gas

NLNG To Crash Cooking Gas Price, Allots 100% Output Supply For Nigeria

ADEOLA YUSUF

The Board of Directors of Nigeria LNG Limited (NLNG) has approved the supply of 100% of the company’s LPG production (Propane & Butane) to the Nigerian market. Consequently, NLNG will prioritize the domestic market for 100% of its Butane production, otherwise known as cooking gas. Platforms Africa reports that this will crash the price of cooking gas, which skyrocketed by ocer 100 per cent at the last quarter of 2021. The milestone, a statement from the gas giant read, is coming just three months after the Company supplied its first…

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NLNG discredits online Train 7 vacancies

ADEOLA YUSUF

The Nigeria LNG Limited has discredited online vacacies advertisements for its multi-billion dollars Train 7 project. Platforms Africa reports that the company said this in a statement by the General Manager, External Relations & Sustainable Development, Andy Odeh, maintaining that “neither NLNG nor its contractors have commenced recruiting for the Train 7 Project.” The statement The attention of Nigeria LNG Limited (‘NLNG’) has been drawn to an online advertisement announcing vacancies for its Train 7 Project positions. The advertisement goes further to request that interested persons join WhatsApp groups created…

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JUST IN: Loaded 33,000 litres Fuel Tanker Falls in Apongbon, Lagos Island

ADEOLA YUSUF

A tanker loaded with 33,000 litres of Aitomated Gas Oil (AGO) Popularly knowns as diesel has fallen at Apongbon area, a densely populated area of Lagos Island. Platforms Africa reports that the truck was moving from Mainland, inward Island. While the incident set jitters down the spines of some residents, others, however, besieged the accident spot and started scooping the leaking diesel from the tanker. The emergency workers have been called upon to attend to the situation, so as to avert large scale disaster in the area and Its environs.…

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UNIUYO STUDENT WINS 5TH NCDMB ESSAY COMPETITION

Efe Wellington

A second-year student of Mechanical Engineering at the University of Uyo, Akwa Ibom State, Mr. Enomfon Akpan has emerged as the winner of the 5th edition of the Nigerian Content Development and Monitoring Board (NCDMB) Annual National Undergraduate Essay competition. He received the star prize of One Million Naira (N1,000,000) and laptop at the award ceremony held in Yenagoa, Bayelsa State on Wednesday. The essay by the 23-year-old was adjudged the best amongst over 2000 entries submitted by undergraduates who must be within their first and 2nd year in the…

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Nigerian Oil Industry Spent $20.4bn On Fabrication, Engineering

Efe Wellington

Nigerian Oil Industry Spent $20.4bn On Fabrication, Engineering … achieve 42% Nigerian Content The Nigerian Oil and Gas Industry spent approximately $20.4billion between 2016 and 2020, particularly in key areas such as Engineering, Procurement, Fabrication, Project Management, and Services. Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote revealed this at the opening of the 10th Practical Nigerian Content Conference held at the Nigerian Content Tower in Yenagoa, Bayelsa State from 29th November -2nd December, with the theme “Driving Nigerian Content in the New Dawn of…

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Local Content: Butane Energy’s LPG Plant Opens In Kastina

Aliyu Aliyu

Butane Energy Limited, one of the gas based business supported with equity investment by the Nigerian Content Development and Monitoring Board (NCDMB) has opened its 100 metric tonnes Liquified Petroleum Gas (LPG) Storage and Bottling Plant in Kabukawa layout, Kastina State. The project was commissioned on Saturday by the Kastina State Governor, Rt. Hon Aminu Bello Masari and the motivation of the promoters is to help address supply constraints in the domestic LPG market in the Northern part of Nigeria through its plant operations/bulk storage, transportation/ distribution, cylinder filling and…

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House Of Reps Laud NCDMB, Seek Closer Collaboration

Efe Wellington

The House of Representatives has lauded the Nigerian Content Development and Monitoring Board (NCDMB) for the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010. The Chairman of the House of Representatives Committee on Nigerian Content Development and Monitoring, Rt. Hon. Legor Idagbo conveyed the commendation when members of the committee visited the NCDMB recently as part of their oversight visit to the Nigerian Content Tower, headquarters of the Board and other strategic projects in Yenagoa, Bayelsa State. Hon. Idagbo commended the Board for successfully…

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Shell Targets $3bn, Places More Assets For Sale Onshore Nigeria

ADEOLA YUSUF

Oil major Shell is placing more oil assets in Nigeria on sale with at least five Nigerian oil and gas companies preparing to submit bids this month for its onshore oilfields. Platforms Africa reports that the deal is estimated to fetch up to $3 billion. Reuters also confirmed the figure quoting three sources involved in the process. READ ALSO: Female Lecturer Who Waited for 18 Years Dies After Giving Birth To Triplets BREAKING: Buhari Appoints Board, Mgt of NNPC Limited + Names of Appointees How NNPC Downed Expenditure by N299.44bn,…

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Buhari Deploys Osinbajo to meet NLC as Countdown for Fuel Price Hike Begins

Efe Wellington

Nigerian government says no going back on full deregulation, Osinbajo-led panel to convince labour to accept fuel subsidy removal, N5,000 transport palliative   President Muhammadu Buhari has given a go-ahead to Vice President Yemi Osinbajo to meet with the Nigeria Labour Congress and other stakeholders over looming subsidy removal and its resultant impact of a hike in pump price of Premium Motor Spirit (PMS) also known as petrol across the country. Platforms Africa reports that panel led by Osinbajo has the mandate to convince the NLC to consider the proposed…

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BREAKING: Buhari Appoints Board, Mgt of NNPC Limited + Names of Appointees

ADEOLA YUSUF

The name of Senator Ifeanyi Ararume was not found on the list of appointees sighted Platforms Africa contrary to earlier list sent to the Senate where the President recommended the Senator as Chairman of the board President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited as he also released full names and regions of members of the board. It will be recalled that President Buhari had last September written the Senate on the administrative structure amendments to the Petroleum Industry Act, which included…

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