Page 36 - Processing Company News Today

By Emma Addeh and Peter Uzoho The Nigerian Content Development and Monitoring Board (NCDMB) has commenced a partnership arrangement with the ANOH Gas Processing Company Limited for the completion of the Center for Skills Development and Training (CSDT) located at Greater Port Harcourt Area, Rivers State. Construction work at the skill acquisition center had been stalled since 2014, due to paucity of funds after it was conceived by the Petroleum Technology Development Fund (PTDF) to train and in...

By Itohan Abara-Laserian Lagos, April 22, 2021 ANOH Gas Processing Company (AGPC) has invested the sum of $10 million in capacity development initiatives in the oil and gas sector. Mr Okechukwu Mba, AGPC Managing Director, said this on the sidelines of the meeting and tour of the Centre for Skills Development and Training in Port Harcourt, Rivers State, on Thursday. Mba said that the AGPC was partnering the Nigerian Content Development and Monitoring Board (NCDMB) to complete part of its capac...

UAE mourns death of Hamdan bin Rashid March 24, 2021 The United Arab Emirates is mourning the death of Sheikh Hamdan bin Rashid Al Maktoum, who passed away on Wednesday aged 76. — WAM photo ABU DHABI — The United Arab Emirates is mourning the death of Sheikh Hamdan bin Rashid Al Maktoum, who passed away on Wednesday aged 76. Sheikh Hamdan witnessed all stages of the UAE’s journey and tremendously contributed to the national development drive...

The Awards brings together players of the agriculture and agro-processing industry The Ghana Agriculture and Agro-Processing Awards have awarded som 26 companies and individuals for the immense contribution they have made towards the success of the Agricultural sector. The Awards brings together players of the agriculture and agro-processing industry and recognizes achievements of individuals and companies that play a significant role in the development of the agribusiness sectors while recogn...

ANOH Gas Processing Company Limited (AGPC), a gas processing company established by the Nigerian Gas Company (NGC) and Seplat Petroleum Development Company Plc (Seplat) on a 50-50 basis has successfully raised $260million in debt to fund the completion of the AGPC Gas Processing Plant. The financing was more than 50percent oversubscribed.

Business/Energy The AGPC $260 million deal sealed with the Nigerian Gas Company, recently, may have succeeded in setting the platform that will make natural gas, the future of energy in Nigeria, reports Chris Paul February, the month of love, is that part of the year, when lovers prepare for the 14th day of the month to celebrate their relationship on Valentine’s Day. But it would seem the Nigerian oil and gas industry could not wait for that day as two major players in the community began a ...

Vanguard News AGPC raises $260m to complete ANOH project On ENERGY Seplat Petroleum Development Company Plc said that its Incorporated Joint Venture, IJV, ANOH Gas Processing Company, (AGPC), successfully raised $260 million in debt to fund completion of its ANOH Gas Processing Plant (ANOH). Seplat is a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange.   The 300MMscfd capacity ANOH plant, located on OML 53 in Imo State, is be...

AGPC secures $260m financing for $650m gas processing facility On By Emeka Anaeto ANOH Gas Processing Company Limited (AGPC), a gas processing company established by the Nigerian Gas Company (NGC) and Seplat Petroleum Development Company Plc (Seplat) on a 50-50 basis has successfully raised $260million in debt to fund the completion of the AGPC Gas Processing Plant.  The financing was more than 50percent oversubscribed. The 300MMscfd capacity project is located on OML 53 in Imo State, Nigeria...

Seplat and NGC have previously provided $420m equity funding for the project, a statement said. The $260m funding was provided by a consortium of seven banks: Stanbic IBTC Bank Plc (advisor), United Bank for Africa Plc, Zenith Bank Plc, FirstRand Bank Ltd (London Branch) / RMB Nigeria Ltd, The Mauritius Commercial Bank Limited, Union Bank of Nigeria Plc and FCMB Capital Markets Ltd. It allows for additional $60m accordion at the time of completion to fund an equity rebalancing payment at that t...

Seplat Petroleum, a Nigerian independent energy company announced its Incorporated Joint Venture (IJV), the ANOH Gas Processing Company (AGPC), has successfully raised $260m in debt to fund completion of its ANOH Gas Processing Plant. The 300MMscfd capacity ANOH plant, located on OML 53 in Imo State, is being built by AGPC, which is an IJV owned equally between Seplat and the Nigerian Gas Company (NGC), a wholly owned subsidiary of Nigerian National Petroleum Corporation (NNPC). Seplat and NGC ...