Daily Archives: January 23, 2018

$3.3bn Egina oilfield FPSO to arrive Nigeria today

There are indications that Nigeria’s oil and gas industry is set to record another milestone as the $3.3 billion Floating Production Storage Offloading (FPSO) vessel for the 200,000 barrels per day capacity Egina deepwater oilfield will arrive Nigeria from South Korea on Tuesday (today).   The FPSO, which was built by Samsung Heavy Industries (SHI), […]

Gunmen Kidnap Nigerian Oil Workers In Oil-Rich Delta Area

  Gunmen have kidnapped five oil workers of Nigerian energy firm Sahara Energy Oil Company in the southern oil-rich Delta state, hours after the most notorious militant group had warned of imminent attacks on Nigeria’s oil infrastructure, local media report.   Suspected gunmen abducted the workers on Wednesday on the border between the states of […]

Apapa tank farms need truck loading bays – NARTO

  The Nigerian Association of Road Transport Owners (NARTO) has blamed the persistent gridlock in the Apapa area of Lagos on lack of truck loading/parking bays for the 60 tank farms in the area, The Punch reports.   The Executive Secretary of the association, Mr. Aloga Ogbogbo, was quoted in a report by Shipping Position […]

NNPC account feels strain as petrol landing cost nears N180/litre

  Analysts have said that the account of the Nigerian National Petroleum Corporation (NNPC) is increasingly becoming over-burdened as the landing cost of petrol has risen following the recent surge in global oil prices, Daily Trust reports.   The price of crude oil hit more than a three-year high at the beginning of last week […]

Operators project Nigeria’s LPG market to grow to $10b in 5yrs

  Operators under the aegis of the Nigeria Liquefied Petroleum Gas Association (NLPGA), say they have projected the value for Nigeria’s Liquefied Petroleum Gas (LPG) market in the next five years to hit over $10 billion, The Nation reports.   The Chairman, Safety & Technical Committee of the NLPGA and Deputy President of the association, […]