The Nigerian Liquefied Natural Gas, NLNG Limited has said it is committed to providing a cleaner production environment in Nigeria as a way of supporting the country’s energy transition target. Engr. Falade Leye, General Manager, Production, NLNG said this during the CEO Round Table at the ongoing Nigeria International Energy Summit, N.I.E.S holding in Abuja on Tuesday. […] The post NLNG: CLEANER PRODUCTION ENVIRONMENT IS OUR VALUE appeared first on NOGSpeed.

Following recent battle of supremacy between Lekoil Nigeria and Lekoil (Cayman) Limited, our findings shows that Savannah Energy Investments Limited, a wholly owned subsidiary of Savannah PLC, is making moves to buy over Cayman’s shares. Findings showed that Lekoil Cayman has filed for an entry into a convertible facility agreement (option agreement and the tripartite) with Savannah […] The post SAVANA ENERGY PLANS TAKING OVER LEKOIL appeared first on NOGSpeed.

OPEC+ will likely stick to modest oil output rises when it meets on Wednesday, officials said, as OPEC heavyweights Saudi Arabia and the United Arab Emirates (UAE) recommit to their deal with Russia despite widening sanctions on Moscow and oil prices at eight-year highs. Oil shot above $110 per barrel this week as Western sanctions on […] The post DESPITE OIL RALLY, OPEC+ STICKS TO MODEST OUTPUT RISES appeared first on…

Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow’s invasion of Ukraine. The decision will see Exxon pull out of managing large oil and gas production facilities on Sakhalin Island in Russia’s Far […] The post SAKHALIN LNG PROJECT IN DOUBT AS EXXON PLANS TO EXIT RUSSIA, LEAVING…

The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Mohammad Barkindo, has said that the global energy demand is set to increase from 275 million barrels of oil equivalent a day (mboe/d) in 2020 to 352 mboe/d by 2045. Barkindo, made this known on Monday in Abuja at the Fifth Nigeria International […] The post OPEC: BY 2045, GLOBAL ENERGY DEMAND TO RISE 352 MILLION BARRELS DAILY…

China’s purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject to U.S. sanctions, tanker tracking data showed. The ramping up of the purchases by the world’s top oil importer comes amid talks between Tehran and world powers to revive a 2015 nuclear […] The post DATA SHOWS CHINA BUYS MORE IRANIAN OIL NOW THAN IT DID BEFORE…

Italy’s foreign minister, Luigi Di Maio said a visit to Algeria on Monday to seek an increase in gas supplies from the country had yielded good results, as Europe steps up its efforts to tap alternative flows following Russia’s invasion of Ukraine. The move comes as sweeping Western sanctions threaten to disrupt commodity flows from […] The post ITALY FOREIGN MINISTER: ALGERIA TO SUPPLY MORE GAS appeared first on NOGSpeed.

Nigeria lost $911.1 million, about N379.37 billion to gas flaring in 2021, as oil and gas companies operating in the country flared 260.3 billion standard cubic feet of gas (SCF) between January and December 2021. According to data obtained from the National Oil Spill Detection and Response Agency (NOSDRA), the amount lost to gas flaring in 2021 […] The post N379BN OF OIL FLARE, IN ONE YEAR BY OIL, GAS FIRMS appeared…

The  Nigeria LNG Limited, NLNG, has named Mr. Olalekan Olufemi Ogunleye as new deputy Managing Director and successor to Engr. Sadeeq Mai-Bornu, who has ended his tenure as deputy Managing Director of the company. Ogunleye will resume in the new office on April 14, 2022. Mai-Bornu, appointed by the NLNG board in April 2016, will return to […] The post OGUNLEYE, NEW NLNG DEPUTY MD TO RESUME OFFICE APRIL 14 appeared first…

The Federal Government says Nigeria is dedicated to the sustainable growth of natural gas exploitation and utilisation. It said this was important both for domestic use and export via liquefied natural gas, LNG, and pipeline gas to sub-regional African countries. President Muhammadu Buhari stated this in an address at the 6th Gas Exporting Countries Forum, GECF, Summit […] The post FG: NIGERIA DEDICATED TO SUSTAINABLE GROWTH OF NATURAL GAS appeared first on…