Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

Season of LNG deals in Nigeria as ExxonMobil, firm Seal $406m supply contract

Barely few days Chevron, NLNG signed GSAA with refineries, manufacturing and power generating firms on supply of gas, Exxon Mobil Corporation’s subsidiary, SeaRiver Maritime has concluded $406.2million two new LNG carriers deal. According to the company, each of the LNG…

Experts doubt if new found northern oil would be in commercial quantity

Whereas the Federal Government continues on the euphoria of finding crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe states, industry experts have argued that the major issue is not hitting…

Why NNPC, NLNG sealed $2.5b deal to supply gas to Trains 1 to 6

More details emerged weekend on why the Nigerian National Petroleum Corporation (NNPC) Friday last week, consummated a $2.5 billion pre-payment agreement with the Nigeria Liquefied Natural Gas (NLNG) for upstream gas development projects to supply gas to Trains 1 to…

AEC seeks aggressive Market-Driven Policies to spur African economies

The African Energy Chamber (AEC) has advocated better regulatory frameworks, local content development, women empowerment and cross-border cooperation at the grand opening of Africa Oil & Power in Cape Town. Attended by hundreds of senior government officials and energy executives…

Cost of solar plant maintenance to soar as global demand increases

Just as global adoption of renewable energy resources and mainly solar is jumping; a new report has disclosed that costs of repairs and maintenance of solar panels, batteries and associated fittings are now on the rising spree. According to the…

NLNG drops gas flaring to less than 20% in 30 years, ups national revenue, growth

More success stories have continued to emerge from the nation’s flagship gas company, the Nigeria Liquefied Natural Gas (NLNG) as the firm reviews performance in the last 30 years of existence. Explaining more at a Media Luncheon preparatory to the…

GE’s Technology boosts Indorama Eleme Petrochemicals power plant’s output

GE Power and Indorama Eleme Petrochemicals Limited (IEPL) Monday announced the successful delivery of GE’s 6B Performance Improvement Package (PIP) upgrade on the first two out of six 6B gas turbines at the petrochemical facility in Eleme, Rivers State. Accordingly,…

ExxonMobil, Frontiers Oil face imminent court action over gas flaring, spillages

Less than one week after some host communities in Ohaji-Egbema Local Government Area of Imo State staged a protest against some International Oil Companies (IOCs) over continuous environmental pollution including gas flaring, in Akwa Ibom, Network Advancement Programme for Poverty…

LNG navigated through complexities to become Nigeria’s success story— Horsfall

The Manager, Corporate Communications and Public Affairs at leading Nigerian Liquefied Natural Gas (LNG), Sophia Horsfall has given insights on the progressive growth of the company in the last 30 years of incorporation as a business entity and 20 years…

Imo youths force IOCs to shut down operations in Ohaji-Egbema LG

Major International Oil Companies (IOCs) operating in Ohaji-Egbema Local Government Area of Imo State, were on Friday last week forced to shut down their operations by protesting host community youths over what they described as negligence and inhuman treatment of…