Nigerian Times

Shell Decides to Move Forward With Groundbreaking Floating LNG Shell Announces Final Investment Decision on Prelude Floating LNG Project in Australia The Hague, May 20 /PRNewswire/ — The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world's first FLNG facility. Moored far out to sea, some 200 kilometres from the nearest land in Australia, the FLNG facility will produce gas from offshore fields, and liquefy it onboard by cooling. The decision means that Shell is now ready to start detailed design and construction of what will be the world's largest floating offshore facility, in a ship yard in South Korea. From bow to stern, Shell's FLNG facility will be 488 metres long, and will be the largest floating offshore facility in the world - longer than four soccer fields laid end to end. When fully equipped and with its storage tanks full, it will ...

Offshore Xodus Group provides integrated oil and gas field development and operational expertise to support the drive to maximise production, to work safely and to respect the environment throughout the asset lifecycle. The fundamental principles are common to both offshore and onshore developments but each require specific attention and expertise in certain areas. Offshore projects are dominated by the challenge of operating in marine environments, with ever increasing water depths being the norm. Specialist expertise from across our service lines enables the following challenges to be addressed: 9 May 2011 09:00 Africa/Lagos Xodus Group Announces Arrival in Africa LAGOS, Nigeria, May 9, 2011/PRNewswire/ -- - Nigeria Joint Venture Will Pursue Robust Growth Strategy in Oil & Gas International energy consultancy Xodus Group today joined forces with Nigerian company Mos Baker to launch a brand new operation in Lagos called XMOS. XMOS brings integrated field development and front end ...

20 Apr 2008 22:01 Africa/Lagos World Publics Say Oil Needs to Be Replaced as Energy Source COLLEGE PARK, Md., April 20 /PRNewswire-USNewswire/ -- A new WorldPublicOpinion.org poll finds that majorities in 15 of 16 nations surveyed around the world think that oil is running out and governments should make a major effort to find new sources of energy. Most think that future oil prices will be much higher. Only 22 percent on average believe that "enough new oil will be found so that it can remain a primary source of energy for the foreseeable future." Only in Nigeria does a majority (53%) endorse the view that governments can rely on oil in the long term. Instead, an average of 70 percent takes the position that governments should assume that "oil is running out and it is necessary to make a major effort to replace oil as a primary source of energy." The largest majorities endorsing this view are found in South Korea (97%), France (91%), Mexico (83%) and China (...

It would be more beneficial if we analyze the crisis in perspective. Ignorant observers should not mistake the volatile crude oil politics in the Niger Delta for what you read in the newspapers, because it is more than meets the ordinary eye. 1. The Nigerian government is controlled by a plutocracy of kleptomaniacs both in the military, public, and private sectors. 2. Illegal oil blocks have been acquired by both top ranking Nigerian military officers, both the retired officers and those still in active service and their civilian accomplices.. IBB, OBJ, Danjuma, and others have acquired illegal oil blocks. They have saved the fiscal proceeds in various foreign banks, bought properties in foreign lands, and only invested some millions of dollars in Nigerian banks, telecom companies, and other ventures. 3. Illegal oil bunkering started in the 1980s when IBB was in power and corruption and crime were in ascendancy. The proceeds have also been spent on similar ventures mentioned above. 4....