Train 7 Project Hits 52 Employs 8300 Persons NCDMB NLNG Sign e-Market Place Agreement

The ongoing construction of the $5 billion Train-7 project being undertaken by the Nigeria Liquefied Natural Gas (NLNG) at Finima, Bonny Island, Rivers State, has reached 52 percent and currently engages 8,300 Nigerians of diverse skill sets. These facts emerged on Friday as the management of Nigeria LNG Limited, led by the Managing Director, Dr.

BW Offshore gets rid of FPSO to transition to floating energy investments

FPSO operator BW Offshore has decided to sell one of its FPSO vessels as part of its strategy to transition to floating energy infrastructure investments. BW Offshore has signed an agreement for the sale of the FPSO BW Joko Tole to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in

Dredging Corporation of India and NMDC enter strategic alliance

Dredging Corporation of India (DCI) and National Maritime Dredging Company (NMDC) entered into a strategic alliance today. The alliance will focus on areas not limited to capital dredging works, project development on BOT basis, operate ports as managers, participate in the public, private partnership in dredging works in accordance to the Dredging Policy, Ministry of

The fiasco of the “Esbern Snare”

It has been more than two months since five suspected pirates were killed by crew of the “Esbern Snare” a Danish frigate in waters said at the time to be the highs seas off the coast of Nigeria. Most of the information and updates available have come from the Danish authorities, with the incident dominating

LPG: Banner Energy Begins Autogas Conversion in Abuja

The Managing Director of Banner Energy Limited, Mr. Nuhu Yakubu, has said his company has started converting petrol and diesel-powered vehicles to Autogas in Abuja. Yakubu disclosed this in a chat with THISDAY, explaining that the project was essentially aimed at converting vehicles nominated solely by the Nigerian National Petroleum Corporation He listed the benefiting

Ghana set for LNG imports to support Nigerian gas supply

Ghana is preparing to become first Liquefied Natural Gas importer in sub-Saharan Africa, with the terminal at the port of Tema set to receive its maiden cargo in the coming weeks. LNG will add to Ghana’s own gas production and imports from Nigeria via the West African Gas Pipeline, though these have been subject to

DPR approves intrusion detection pipeline technology for oil sector

The Department of Petroleum Resources has approved the use of intrusion detection pipeline technology in the domestic oil and gas sector. The new technology, our correspondent gathered, would help identify and manage external corrosion, leaks and other interferences, following its technical evaluation and fitness checking by approval officers. It was further gathered that the approval

FG Targets 35,000 Jobs As NCDMB, NNPC Stake US$670m In Brass Methanol Plant

The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC) and DSV Engineering on Friday signed the Final Investment Decision (FID) for the construction of 10,000 tonnes/day methanol production plant by the Brass Fertiliser and Petrochemical Company Ltd (BFPCL), committing equity investment of US$670m. The facility would be the largest methanol

Oil Market Are Finally Ready To Recover

The oil market have staged a dramatic rally since early November, with WTI breaking out of a range between the high $30’s and low $40’s for the first time since early this year. In this article, we will take a look at a couple of key drivers for this breakout, and see if it will

Shipping containers find new life growing farm produce in Hong Kong

HONG KONG: After a career making shipping containers that transport freight around the world, Arthur Lee has stayed with them in retirement, using them to raise crops and fish. Operating on a rented 1,000-square-meter (quarter-acre) patch of wasteland in Hong Kong’s rural Yuen Long, Lee’s MoVertical Farm uses about 30 decommis- sioned containers, some decades