Insists departure of Conoco Philips stalls scheme The Nigerian National Petroleum Corporation (NNPC) yesterday said spent only $1.2 billion on the Brass Liquefied Natural Gas (LNG) project as against $22 billion being reported in public space. Brass Liquefied Natural Gas (LNG) project in Bayelsa State, which was initiated about 15 years ago has reportedly robbed the country over $24 billion in...

Kachikwu made this known while briefing newsmen after facility tour of ExxonMobil Erha Floating Production Storage and Offloading vessels (FPSO) in Lagos on Sunday. FPSO unit is a floating vessel used by the Offshore oil and gas industry for the production and processing of hydrocarbons for the storage of oil. Erha FPSO has a liquid storage capacity of 2.2 million barrel, making it one of i...

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has stated this on his visit to the ERHA FPSO operated by ExxonMobil Nigeria is to provoke the nation’s Oil Production Fields to ramp up crude production and unlock gas in line with the Gas Revolution Agenda of the #7BigWins. While addressing key business concerns of ExxonMobil Nigeria, Dr. Kachikwu in a statement, urg...

Lekan Akinyanmi is the CEO of Lekoil, an Africa-focused, AIM-listed oil and gas exploration and production company with interests in Nigeria and Namibia. The company acquired a significant stake in the Otakikpo marginal field from Green Energy and acts as its technical partner to bring the field into production. In this interview, Akinyanmi explained how the slow pace of Nigeria’s regulatory appro...

The Federal Government has set up a committee to harmonise oil and gas revenue and production data of government earnings from all sectors of the economy. Tim Okon, Technical Adviser to the Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, at the inaugural meeting of the committee in Abuja, on Tuesday said they would ensure that policymakers have access to reliable data. He s...