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Classification society Bureau Veritas (BV), a provider of testing, inspection, and certification services, has noted a 900 per cent rise in demand for the remote inspection of offshore assets and equipment since the outbreak of the COVID-19 pandemic.
BV said on Monday that requests for its remote inspection, certification, examination, and verification services escalated from a ‘want’ to a ‘need’ this year as businesses seek to keep employees safe from the coronavirus. Several remote inspection solutions are already in progress for operators and oilfield service companies and there have been over 20 additional requests since the start of this year… More details through: https://www.vanguardngr.com/2020/05/demand-for-remote-offshore-rigsinspections-skyrockets-due-to-covid-19/
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The Nigerian National Petroleum Corporation (NNPC)’s downstream subsidiary, Petroleum Products Marketing Company (PPMC) has announced that it sold petroleum products worth $556.8m (₦211.62bn) in February.
It also announced that sales of the products for the period February 2019 to February 2020 stood at about $6.8bn (₦2.6 trillion) with petrol contributing about 98.06 per cent of the total sales value of about ₦2.5 trillion. The N211.62bn figure which is contained in the February 2020 NNPC Monthly Financial and Operations Report (MFOR) is significantly higher compared to the previous month’s ₦151.79 billion… More details through: https://www.dailytrust.com.ng/nigeria-makes-n2-6trn-in-one-year-sales-of-petroleum-products-ppmc.html The Nigerian LNG Limited has said it is making significant progress in activities that will lead to the formal award of engineering, procurement, and construction contracts for its Train 7 project.
The NLNG announced in September 2019 that it had issued a Letter of Intent for the EPC contract to SCD JV Consortium, which is made up of Saipem of Italy, Japan’s Chiyoda and Daewoo of South Korea. The company’s shareholders took the final investment decision on the project in December 2019 after being delayed for more than 10 years. The Train 7 project aims to increase the company’s production capacity from 22 metric tonnes per annum to about 30 MTPA, and will form part of the investment of over $10bn, including the upstream scope of the LNG value chain, according to the company… More details through: https://punchng.com/nlng-plans-construction-contract-for-10bn-train-7-project/ International oil company, Shell has said its flaring of gas from oil fields in Nigeria dropped by 80 percent between 2010 and 2019.
It stated this in its 2019 Sustainability Report where it also revealed that its contribution to global greenhouse gas emission increased from 5.2 million tonnes of carbon dioxide equivalent in 2018 to 5.9 million tonnes in 2019. This also followed a recent disclosure by the Nigerian National Petroleum Corporation (NNPC) that oil companies in the country flared a total of 266.25 billion cubic feet (bcf) of gas between December 2018 and December 2019… More details through: https://www.thisdaylive.com/index.php/2020/04/14/report-shells-gas-flare-in-nigeria-drops-by-80-in-nine-years/ The Nigerian National Petroleum Corporation said on Wednesday that it had secured financing for the rehabilitation of the nation’s ailing refineries. The Group Managing Director, NNPC, Mallam Mele Kyari, disclosed this without providing details.
Kyari said the NNPC was pursuing “a different model” for the refineries, including the type used by the Nigeria LNG Limited. The NLNG is jointly owned by the Federal Government, represented by the NNPC (49 per cent), and three international oil companies, namely Shell (25.6 per cent), Total (15 per cent) and Eni (10.4 per cent)… More details through: https://punchng.com/weve-secured-funding-for-refineries-revamp-nnpc/ Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said Nigeria would no longer pay subsidy on petrol with the ongoing global oil price decline.
Kyari made this known in a statement signed by NNPC spokesman, Dr Kennie Obateru, in Abuja on Monday. “There is no subsidy and it is zero forever, going forward there will be no resort to either subsidy or under recovery of any nature. “NNPC will play in the marketplace, it will just be another marketer in the space. But we will be there for the country to sustain security of supply at market price,” Kyari said. He stated that NNPC is a transparent organisation, probably the only company in the world that publishes its monthly financial and operations reports… More details through: https://thenationonlineng.net/nnpc-no-more-payment-of-oil-subsidy/ The Nigerian National Technical Committee on Petroleum and Petrochemicals has reached consensus on the adoption of the International Organisation for Standardisation (ISO) standards for Turbine and Marine Fuel as Nigeria Industrial Standard (NIS).
This is in conformity to international safety regulations, limiting the sulphur content in heavy fuel oils, in order to reduce the negative effect of sulphur oxide emission from ships into the environment… More details through: https://www.sunnewsonline.com/nigeria-adopts-standards-on-low-sulphur-in-turbine-marine-fuel Nigeria will issue a sovereign guarantee to back the bulk of a gas pipeline that is a core part of the government’s energy strategy, Finance Minister Zainab Ahmed said on Wednesday.
The Ajaokuta-Kaduna-Kano natural gas pipeline aims to enable Nigeria to develop gas resources that are often burned at the well due to the focus on crude oil. The sovereign guarantee will back 85% of the $2.59 billion pipeline cost, funded in turn by a loan facility from Chinese lender Sinosure. The loan has an interest rate of libor plus 3.7% with a 12-year repayment period and a three-year moratorium… More details through: https://af.reuters.com/article/nigeriaNews/idAFL8N2AX7JU A leading provider of wire, less industrial automation and internet of things (IoT) solutions, OleumTech, has struck a channel partnership with Tranter IT for providing sales, distribution, and application engineering for the entire OleumTech product line in the country.
Tranter IT is a technology service provider with established presence in all the 36 states with over 400 employees, of which 270 are engineers. The Tranter IT team offers a wealth of knowledge and technical expertise, having a proven track record in serving the Oil & Gas and IoT industries in the country… More details through: https://thenationonlineng.net/oleumtech-tranter-seal-partnership-deal/ In American company, Zeeco Inc, a world leader in combustion and emissions control, has partnered Arbel Energy and Logistics Limited to develop the gas sector and help reduce environmental impact of gas flaring in Nigeria.
Speaking at Eko Hotel and Suites on Victoria Island in Lagos State, during the launch of Zeeco’s presence in the country, Managing Director, Zeeco Europe Limited, Nigel Palfreeman, said the presence of Zeeco in Nigeria is to help with environmental products and associate gas recovery, adding that they would also help tackle some of the environmental issues associated with gas flaring in the country… More details through: https://thenationonlineng.net/american-company-eyes-nigerias-gas-sector/ |
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