Nigeria | Egypt Oil & Gas - Part 20
Nigeria, IOCs Settled for $5b
Nigeria has reached a $5b outline settlement with five oil majors to cover outstanding payments for joint exploration and production.
Nigeria to Build LPG Terminal
Techno Oil Limited has sealed a deal with Cakasa Nigeria Limited for the construction of a 12,000 tones automated terminal for Liquefied Petroleum Gas (LPG), also known as cooking gas. The terminal will be located in ...
Nigeria Signed Gas Supply Deals
Nigeria signed a $112m agreement with Seven Energy to supply 130mcf/d of natural gas Calabar Power Project (NIPP). Another gas supply agreement was signed between Nigeria Delta Power House Company Ltd (NDPHC) and Se ...
Nigeria’s Oil Output Dropped by 200,000b/d
Nigeria's oil production has fallen by at least 200,000b/d as a result of a militant attack that has forced the closure of the major Trans Forcados Pipeline (TFP) early November.
Nigeria to Allow Private Refineries
Nigeria will give licenses to the private sector individuals to build refineries. While, Azikel Group signed an agreement for the construction of 12,000b/d Azikel Refinery with Ventech Engineering LLC in Houston Texas.
Nigeria to Invest in Gas
Nigeria currently possesses the capacity to create about $51b opportunities in the midstream and downstream gas sector. The country also plans to establish an independent agency to control the gas industry.
Nigeria Launched Oil, Gas Recovery Plan
Nigeria unveiled Seven Big Wins, as part of short to medium term strategy framework with robust priorities to grow the country's oil and gas sector.
NNPC, Total to Transport Fuel by Train
The Nigerian National Petroleum Corporation (NNPC) and Total Nigeria Plc are considering the movement of petroleum products through the rail system in other to reduce the cost of transportation.
