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Nigeria Natural Gas Reserves News is an EIN News Service for energy industry professionals. Constantly updated news and information about Nigeria Energy.
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Latest Nigeria Natural Gas Reserves News

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  • Nigeria sliding into resource nationalism with new petroleum law 2 Nov 2009 02:14 GMT
    ... oil companies (IOC’s) oppose, would significantly tighten Nigeria’s hydrocarbon fiscal regime, making it one of ... years. Nigeria, home to Africa’s largest gas reserves and second largest oil reserves, is sliding ... 50% local content be used on liquefied natural gas (LNG) facilities, 90% local content on ...

  • Afren Secures Offshore Nigerian Interest, Currently Drilling Ebok-5 4 Nov 2009 18:42 GMT
    ... an acquisition of interest in the offshore Nigerian OPL 310 license and development of the ... infill drilling locations that will add incremental reserves and production, utilizing the two remaining well ... average daily production rate of 1,281 bopd. Natural gas production at CI-11 was 9.9 bcf ...

  • We think BG Group will deliver attractive returns 6 Nov 2009 12:18 GMT
    ... Narrow BG Group's early entry into liquefied natural gas (LNG) made it a leading global integrated ... profitability. Full integration of the process, from reserve to burner tip, affords the company the ... investing in production and LNG facilities in Nigeria, which has seen more than its share ...

  • The modern scramble for Africa 6 Nov 2009 08:10 GMT
    ... of Guinea, stretching from Ivory Coast, Ghana, Nigeria, Gabon and to Angola – is home ... decades and now has plans to pipe natural gas to Europe across the Sahara desert. ... up one sixth of Nigeria's total oil reserves. In October one of its companies, China ...

  • Commentary: Oil & Money Conference'What the CEOs and VPs are Saying 2 Nov 2009 12:37 GMT
    ... news: we’ve made good discoveries and the reserves will last longer. Brazil is a brilliant ... barrel is going to hold or not…And reserve replacement costs in our industry have more ... African production is climbing very steadily, but Nigeria is declining; in North Africa, Libya has increased but ...

  • Peak oil review - Nov 2 2 Nov 2009 11:16 GMT
    ... some of the huge increase in liquefied natural gas (LNG) supplies as the world's biggest ... will fight any possible efforts by the Nigerian government to hand control of its oil ... 3 percent increase in proved natural gas reserves between 2007 and 2008. (10/29, #10) Chesapeake ...

  • Continent Can Help Mitigate Climate Change [analysis] 3 Nov 2009 20:35 GMT
    ... crude oil is extracted, it comes with natural gas which must be separated. If this gas ... billion cubic meters (BCM) in 2008. But Nigeria ranks second, with 15.1 BCM. Algeria, Libya, ... to pay poor people and countries to preserve the environment, or as another offset mechanism ...

  • D-8 members agree on growing role in energy sector 3 Nov 2009 00:14 GMT
    ... cooperation among Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. Kuala Lumpur on Monday ... underlined, recalling that Iran has the second-largest natural gas reserves in the world, with Indonesia being the ...

  • Trouble flares in Niger D 3 Nov 2009 01:34 GMT
    ... from flares - fuelled by the waste natural gas from crude production - are the only ... only lights visible across vast stretches of Nigeria’s oil region, where many settlements are starved ... the commercial mechanism is vexed. Shell, which supplies about 70 per cent of Nigeria’s domestic ...

  • Our black gold is dragging us into the red 5 Nov 2009 07:15 GMT
    ... been a petro-economy. In 1999, we were producing more oil than Iraq, Kuwait or Nigeria. The following year, we pumped out almost twice as much natural gas as Iran – a country with reserves that are the envy of the world. The result is that while we are ...

  • Angola LNG project on track for completion 2012 4 Nov 2009 16:14 GMT
    ... hour 29 minutes ago The Angolan liquefied natural gas (LNG) project, which had a capacity ... had over ten-trillion cubic feet of gas reserves available for the LNG project, which had ... Indonesia, Qatar, the United Arab Emirates, Oman, Nigeria and Norway. ...

  • MARKET WATCH: Crude price rallies above $80/bbl 5 Nov 2009 19:03 GMT
    ... and a weaker dollar after the Federal Reserve said it would maintain its current interest ... to see a rush to bring the Nigerian crude capacity back on line.” Overall, Jakob ... month of October since 1995.” The front-month natural gas price continued to fall Nov. 4 in ...

  • Delta, NNPC to partner on gas exploration 5 Nov 2009 01:50 GMT
    ... State Government is to partner with the Nigerian National Petroleum Company (NNPC) in the exploration ... Company (NNPC) in the exploration of gas reserves in the state to promote industrial development ... succeeded. He explained that the state has natural gas resources which could be maximized for ...

  • Shell Q3: Profit Tumbles, Volumes Flat 2 Nov 2009 16:51 GMT
    ... crude oil volumes was canceled by increased natural gas production. Crude oil production accounted for approximately ... Russia, somewhat offset by lower volumes from Nigeria LNG and reduced Asia Pacific LNG demand. ... LNG demand. In the Downstream segment, current-cost supplies (CCS) earnings were down approximately 61.7% year-over-year ...

  • Busy Chevron Makes Global Tracks 2 Nov 2009 21:33 GMT
    ... "We also announced three natural gas discoveries this quarter in Camarvon Basin ... projects continue their strong performance. The offshore Nigeria Agbami project reached capacity of 250,000 barrels ... We expect Gorgon to add to our reserves and provide stable and steady production for ...


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