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NLNG: Attah out, Mshelbila steps in

NLNG: Attah out, Mshelbila steps in By Adewale Sanyaolu The Board of Directors of Nigeria LNG Limited (NLNG) at its last board meeting approved the appointment of Dr. Philip Mshelbila as successor to Engr. Tony Attah, Managing Director and Chief Executive Officer. Engr. Attah will return to his parent company, Shell, on 30th August 2021 at the expiration of his five-year tenure at the helm of affairs. Engr. Attah was appointed Chief Executive Officer by the NLNG Board in July 2016.   Dr. Mshelbila,  who is rounding-up his tenure as Chief Executive Officer, Atlantic LNG Company of Trinidad & Tobagox, will be...

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Nigeria: With 18 Recovered Oil Wells, Imo Now Fourth Highest Producing State

30 June, 2021 With 18 Recovered Oil Wells, Imo State Now Fourth Highest Producing State According to Mr. Goodluck Opiah, an ex-Speaker of Imo House of Assembly, and a former Federal Lawmaker that represented Ohaji/Egbema/Oguta/Oru West Federal Constituency in the House of Representatives, Imo state has been an oil producing state and much of that has been on exploration, exploitation of crude oil. Crude oil was the in-thing since the 1950s when the first oil well was struck in Iho Dimeze, Imo state, though that was not in commercial quantity and Shell continued the exploration in the parts of...

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Nigerian Govt awards Bayelsa oilfield to Halkin Explorations

Nigerian Govt awards Bayelsa oilfield to Halkin Explorations Jun 30, 2021 The federal government has approved the handing over of the Atala oilfield, a revoked asset hitherto owned by the Bayelsa state government, to new owners, Halkin Exploration and Production Limited. A letter to that effect sighted by THISDAY indicated that the field, Oil Mining Lease (OML) 46, was approved for transfer after the Director, DPR, Mr. Sarki Auwalu, copied a memo to the Minister of Petroleum, Mr Timipre Sylva, notifying him of the directive which had been given a nod by President Muhammadu Buhari. Tagged, “Application to Assign...

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Private sector to import product

Private sector to import product 26th March, 2021 Stephen U.C, Petroleum news Mele Kyari said the NNPC would soon stop being the sole importer of the product, thereby removing the burden of defraying the differentials occasioned by oil market price fluctuations. He said the Direct Sales, Direct Purchase (DSDP) arrangement would soon be phased out and importation of products opened up to private sector. Kyari stressed: “Upon the full implementation of the deregulation, we expect all oil marketing companies to commence import so that the burden of import will be taken away from the NNPC, which will not be...

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Vietnam may turn to Nigeria for crude oil

Vietnam may turn to Nigeria for crude oil Femi Asu with agency report As the country’s domestic crude production continues to decline due to naturally aging fields, Vietnam’s Binh Son Refining and Petrochemical is currently testing Qua Iboe crude from Nigeria and Cabinda crude from Angola, for its Dung Quat refinery. S&P Global Platts reported on Wednesday that Vietnam was poised to actively venture into Africa to secure a regular dose of light and medium sweet crude supply for the coming years. The state-run BSR finds Nigerian and Angolan grades cheaper than Southeast Asian oil, according to the report. BSR,...

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