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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

Green Car Congress

UTM Offshore was incorporated in July 2012 as a privately held Nigerian company. UTM Offshore’s signing of the deal will be a game changer within Africa’s gas market. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2

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Equatorial Guinea, DRC to develop joint oil refinery and storage facilities

Green Car Congress

This MoU, coupled with previous agreements signed with Cameroon and Nigeria, support our national mandate to facilitate the production and trade of African petroleum products and create value-added industries. —Equatorial Guinea’s Minister Gabriel Mbaga Obiang Lima.

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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

Green Car Congress

million in payments to be made to intermediary companies in order to secure improper advantages to obtain and retain business with state-owned and state-controlled entities in West Africa, including Nigeria, Cameroon, Ivory Coast, and Equatorial Guinea. Glencore also admitted to bribery of officials in Brazil and Venezuela.