Gladius Commodities News Today

New Age has signed a definitive conditional agreement to transfer all its participating interests in the Etinde permit to Perenco.

March 15, 2021 The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here. Learn more about Gladius Commodities at www.gladiuscommodities.com. NIGERIA The Federal Government has provisionally awarded tenders to develop 57 of its marginal oilfields, which could net the government $500 million in signature bonuses. The Department of Petroleum Resources sent out provisional award letters requesting payment within 45 days to secure th...

March 1, 2021 The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here. Learn more about Gladius Commodities at www.gladiuscommodities.com. NIGERIA The Minister of State for Petroleum Resources H.E. Timipre Sylva performed the inauguration of the Federal Government’s National Gas Expansion Program in Ado-Ekiti, Ekiti as part of its efforts to make gas an alternative energy source for industrial, transportation and domestic us...

Gas flaring in the country has been reduced to a very minimal level of 8%, due to programs put in place.

February 15, 2021 The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here. Learn more about Gladius Commodities at www.gladiuscommodities.com. NIGERIA The Federal Government of Nigeria launched the Nigerian Upstream Cost Optimization Program, which is aimed at boosting industry collaboration and process enhancement, according to Minister of State for Petroleum Resources, H.E. Timipre Sylva. The program aims to cut down the cost...

January 25, 2021 The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here. Learn more about Gladius Commodities at www.gladiuscommodities.com. NIGERIA A minimum of $10 billion worth of investments is currently being injected in the energy sector to delist Nigeria from one of the most energy impoverished nations in the world. Speaking at the Atlantic Council Global Energy Forum 2021, Alhaji Mele Kyari, Group Managing Director, Ni...

NIGERIA  The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Alhaji Mele Kyari, stated that the construction of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is currently at 15% completion. The project is presently crossing the river Niger, through the Ndoni-Aboh river crossing in Rivers and Delta states which will deliver gas from the eastern part to the country into the western corridor according to the GMD. Alhaji Kyari further stated that the NNPC...

December 14, 2020 The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here. Learn more about Gladius Commodities at www.gladiuscommodities.com. NIGERIA Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Alhaji Mele Kyari, disclosed that the Corporation has begun discussions with partners for the construction of the Nigeria Liquified Natural Gas (NLNG) Train 8. In December 2019, company shareholders h...