South Africa’s power sector plans envisage a big role for gas, but first the country needs to find the feedstock South Africa is on the hunt for gas supply to realise its ambitions to shift its power sector from one based almost entirely on heavily polluting coal to a cleaner set-up relying largely on renewable…
Plans to prospect for gas and oil off KwaZulu-Natal’s coast came under fire at public hearings last week. In Durban it got rowdy with people chanting, “Go back to Italy” and “No Oil or Gas”. People who wanted to discuss the draft environmental impact assessment (EIA), commissioned by Eni, the Rome-based multinational, were frustrated. Eni’s…
… to invest in the gas value chain …set to sign MoUs with investors on NOGAPS Players in the gas sector should canvass for speedy implementation of existing policies and pursue the delivery of identified gas opportunities, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. He…
Nigeria is currently going through a full blown energy crisis, and could experience this for a long time if it fails to articulate a sound policy framework that focuses intensely on its gas sector, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, disclosed Monday. Kachikwu, in his ministerial address at the 11th…
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquefied Natural Gas Company (NLNG) have set high Nigerian Content benchmarks in the execution of the train 7 project, estimated to cost $7bn. The organisations declared their commitment in Abuja on Tuesday at the two-day Nigerian Content Workshop organised on the project by the…
The All Progressives Congress has appealed to members of the opposition to stop playing politics with the ongoing reforms in the oil and gas sector. The Deputy National Publicity Secretary, APC, Yekini Nabena, made the appeal while speaking to journalists in Abuja on Sunday. He explained that the President Muhammadu Buhari-led APC administration through…
Over $104 billion was lost by the Federal Government for its refusal to implement the Deep Offshore and Inland Basin Production Sharing Contract Act. This was disclosed by the Lagos-based legal luminary, Mr. Femi Falana (SAN), Thursday in Abuja. According to Falana, who stated this at the 40th anniversary of the Petroleum and Natural Gas…
Trafigura executives expect more upward pressure on global oil prices next year as rising U.S. shale output will not be able to fill a gap in supply once U.S. sanctions on Iranian oil come into force in early November. The commodity trader’s chief economist Saad Rahim, speaking at the Argus Global Crude Conference in Geneva,…
The Major Oil Marketers Association of Nigeria has said the pricing template for Premium Motor Spirit should be reviewed regularly to ensure that the price of the commodity reflects the reality on the ground. The Chairman, MOMAN and Managing Director, MRS Oil Nigeria Plc, Mr Andrew Gbodume, in a press briefing said, “We have a…
Players in the gas sector should canvass for speedy implementation of existing policies and pursue the delivery of identified gas opportunities, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. He spoke in Abuja at the Nigerian Gas Association’s 2018 International Conference held recently and argued that there…
