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Tags: gas

Standard Bank urges Brazilian firms to key into Africa’s LNG opportunities

Standard Bank urges Brazilian firms to key into Africa’s LNG opportunities

South Africa’s Standard Bank Group Ltd encouraged Brazilian engineering and construction firms recently to explore African opportunities, such as the world’s largest liquid natural gas projects in Mozambique. While incoming President-elect Jair Bolsonaro says he will focus on relations with advanced economies, Standard Bank is betting on Brazilian companies needing to diversify abroad to recover… READ MORE

Nigeria’s domestic gas consumption to reach 500,000 metric tonnes – Ministry

Nigeria’s domestic gas consumption to reach 500,000 metric tonnes – Ministry

Domestic gas consumption in Nigeria has witnessed a recent increase from 390,000 to 490,000 metric tons with a potential of hitting 500,000 milestone in the near future. This was disclosed by Dr Folashade Yemi-Esan, the Permanent Secretary, Ministry of Petroleum Resources in Calabar on Tuesday while delivering a speech at the Technical Meeting of Officers… READ MORE

Shell discovers over 1trn cubic feet of gas in Eastern Nigeria

Shell discovers over 1trn cubic feet of gas in Eastern Nigeria

Shell’s geoscientists have put a figure on the company’s recent gas and condensate discoveries, made in the course of a drilling campaign onshore Eastern Nigeria. The company encountered 1.5Trillion cubic feet of gas and 42 Million barrels of condensate, in shallow and deep reservoirs. The revelation came in the course of several technical sessions at… READ MORE

NNPC is exploring new funding options for oil and  operators

NNPC is exploring new funding options for oil and operators

Nigeria’s state-owned oil company, Nigerian National Petroleum Commission (NNPC) is seeking new funding options that will enable operators in the country’s oil and gas industry to increase exploration to 40 billion barrels reserves and 3 million barrels a day production by 2020. The Group Managing Director of NNPC, Dr Maikanti Baru said the operators have been… READ MORE

African marginal producers urged to leverage opportunities

African marginal producers urged to leverage opportunities

Chairman, Green Energy International Ltd., Prof. Anthony Adegbulugbe, has said marginal oil field producers in Africa must leverage unique opportunities in the oil and gas business to survive. Adegbulugbe, who spoke at the African Marginal & Independent Oil and Gas Producers Conference, in London, argued that marginal oil producers holds significant promise for the robust participation of skilled… READ MORE

Nigeria targeting 10% global LNG market share – NNPC GMD

Nigeria targeting 10% global LNG market share – NNPC GMD

As part of its strategic aspirations to drive maximum value from Nigeria’s abundant , the Group Managing Director of Nigerian National Petroleum Corporation, Dr. Mailkanti Kacalla Baru, has said the Federal Government was targeting 10 percent of the world’s market share in traded Liquefied National Gas (LNG). Baru, who stated this at NNPC Special Day… READ MORE

Propane’s role in improving health, environmental standards

In India, Indonesia, China, parts of Africa and developing nations around the world, many women are spending hours every day cooking over flames fueled by wood, charcoal, animal dung or kerosene. In order to feed themselves and their families, they are exposed to deadly air pollutants produced by these fuels. According to the World Health Organization… READ MORE

Propane production consistently exceeding 2 million bpd

Propane production consistently exceeding 2 million bpd

Throughout the summer, we monitor inventory builds very carefully and provide data and analysis in our daily reports. By this time of year, we usually start monitoring heating degree-days and only report on the inventory data when the Weekly Petroleum Status Report from the Energy Information Administration is released. We typically make the switch when… READ MORE

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