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Why NLNG abandoned Nigeria’s ship registry

Why NLNG abandoned Nigeria’s ship registry

Contrary to belief by some stakeholders that the Nigerian Liquefied Natural Gas, NLNG, prefers its vessels registered abroad, facts have emerged that the company which has a large fleet of ocean going ships, abandoned registration in Nigeria because of substandard registry. All vessels, according to the rules of the International Maritime Organisation, IMO, are expected… READ MORE

If Nigeria can attract Total’s $16bn investment it shows we are moving in the right direction – Senate

If Nigeria can attract Total’s $16bn investment it shows we are moving in the right direction – Senate

Lagos – Mr Solomon Adeola, the Chairman Senate Ad hoc Committee on Local Content, has commended the management of Total Upstream Nigeria Limited (TUPNI) on its 16 billion dollars (N5.76 trillion) Egina project in Nigeria. Adeola, who gave the commendation during the committee’s oversight function in Lagos on Friday, promised total support for the local… READ MORE

Oil, Gas Investment: Local, foreign investors consider opportunities in Nigeria

Oil, Gas Investment: Local, foreign investors consider opportunities in Nigeria

Local, foreign investors consider opportunities New petroleum policy excites investors Lull in oil market, budget cut, militancy constitute new threats Stakeholders to propose alternative funding, other measures as NIPS opens in Abuja With over 36 billion barrels and 192 trillion standard cubic feet of oil and gas respectively, Nigeria stands tall as a leading petroleum… READ MORE

Bill to encourage purchase of gas-powered vehicles scales second reading

Bill to encourage purchase of gas-powered vehicles scales second reading

A bill for an act to amend the National Automotive Council Act, 2004, on Thursday, scaled the second reading at the house of representatives. The bill seeks to introduce a new alternative vehicular transportation to utilise Nigerian gas. It also seeks to tap into the nation’s gas master plan which to end Nigeria’s “wasteful” gas… READ MORE