NLNG’s $7bn Train 7 faces headwinds over alleged non-compliance with Bonny Kingdom, core host’s local content

…BKLCCC accuses gas company of neglect of its contractors …But NLNG says it considers core host as trusted partner   Ben Eguzozie, in Port Harcourt   Nigeria’s foremost gas liquefaction company’s (NLNG) incoming $7 billion Train 7, which is the country’s boldest effort in gas business in nearly a decade, faces headwinds over alleged non-compliance […]

Nigerian engineers to manage world’s largest single train refinery

  $15bn complex to save Nigeria 41% importation cost – Emefiele Nigerian private sector set to push 850,000bpd refining capacity by 2024 CBN gives N100bn to DOR, arranging domestic refined crude sale in naira Fertilizers, petrochemicals to generate $2.5bn revenue annually – Dangote     The management of Dangote Oil Refinery (DOR) says it is […]

NNPC, again, denies FG planning increase in fuel price this month

NNPC, again, denies FG planning increase in fuel price this month

  Cautions against hoarding, panic buying But PMS sells N170 in South-east, South-south       The Nigerian National Petroleum Corporation (NNPC), the country’s national oil company, has come out again to deny any plans by the federal government to raise the pump price of petrol,the product the country consumes in excess of 52 million […]

OPL 310: LEKOIL engages Optimum Petroleum over CRSA agreement

LEKOIL engages Optimum Petroleum over CRSA agreement

  Seeks mutually agreed interpretation of agreement   LEKOIL, an oil and gas exploration and production company with focus on Nigeria and West Africa region has announced that Mayfair Assets and Trusts Limited, in which it has a 90 per cent economic interest, has received a letter from Optimum Petroleum Development Company OPDC), the operator […]