emk4lif: Brass LNG should come on stream by 2017 while Chevron's Escravos Gas To Liquid and Bonny LNG are all also doing quite well, Olokola LNG is however a dead project, both the govt and the IOCs have basically pulled out.
If only NASS would pass the PIB and reverse the trend of major IOCs increasingly divesting from Nigeria. Virtually all the major projects are on hold due to policy instability .

Brass FID most likely won't come till 2017, not to now talk of construction. Conoco-Phillips has also pulled out of the project and with their pullout, the technology the FEED was based on needs to be revised as its the proprietary Phillips Cascade process. To get another technology partner on board and carry out the FEED and cost estimation again would take a serious NNPC 2 years. The project is looking more dead than alive.

Chevron's GTL is different from LNG and shouldn't be mentioned here - also, FID was gotten way before this present government (ChevronTexaco Awards Major Contract for Nigerian Gas-To-Liquids Project - http://phx.corporate-ir.net/phoenix.zhtml?c=130102&p=irol-newsArticle&ID=693582).

OKLNG is as good as dead with the present govt.

NLNG Train 7 FID should have be awarded long before now, as the cost of the project compared to Brass would be about 1/5th but giving times 2 the monetary value. This is a project that would pay itself back in less than 3 years after start-up. Seriously, politics is a b-i-t-*-h.

This is Yuzedo. Your ways are known. Thanks for the laugh though

Yes.

Do you know how many families have been rendered useless due to drug use of the benefactor or even murder of a family member by a drug-addict armed robber?

If he was a doctor, he should have been okay with what God has provided for him.

kulyie: o well,i am only human,so you are bound to get dissapointed in me.its not all the time i meet up to expextations,thats what makea me human

No wahala

kulyie: Very straight to the point,mature,intelligent and pragmatic response from michelle.i doubt whether mama peace will be able to weite this probably if it was abdulkareem that said that

I'm disappointed that you wrote this...The so called Michelle's response is the OP's imagination.

Cutejay: this is sad hmmm!
I hope it's not the police station that 13VOLTS put a pic of in his thread and said was the only police station in Yobe state that had never been attacked by insurgents.

If the station in question was the one mentioned in 13volts thread' then all i can say is there is a bokoharam spy on NL or they just felt like touching the station since it was the only station that had never been attacked.
I hope i am wrong though.

Reading the original post brought this thought to my mind too.


so sad that another poster confirmed it.

silent don:

He said the machine can recognize so many human-related features.

“We used machines to recognise the human face, human iris, finger prints, toe prints and sole prints. We worked on speaker and speech recognition, signature verification and hand writing verification. What we found is amazing. For example, using any of these parameters, we can get different patterns of iris, fingerprints, toeprints, soleprints that differentiate the 14 billion people in the world,” he said.

Compared to foreign machines, Ibiyemi said the one developed by his team is cheaper and more functional. While an Iris Scanner from overseas cost N400,000 ($2,500), he said a locally-made one cost only N60, 000 to produce.

Prof. Ibiyemi, who thanked the Federal Government for making the grant of $250,000 (about N31million) available for the study, he challenged other researchers in the country to access available research funds. He lamented that out of the available $18millon STEP-B funds, only about 10 per cent has so far been accessed by 18 successful researchers nationwide.

http://thenationonlineng.net/new/unilorin-dons-invent-biometric-machine/

The 14 Billion people part gave them away! Rubbish research - This prof. should be washing plates if he doesn't know the population of the world.

Buncha scammers

No issues, he should take the old passport to the Nigeria immigration office to stamp it "Cancelled without prejudice" and he can attach it to the new one. This is what they do to expired/replaced passports.

Shakslayer:

She is good. The rare type that combines beauty, smartness and brains. Very rare combo among Nigerian ladies.

Main reason i recommended her.

Nice one. Your decision is the fairest and most reasonable. Good luck on your self control adventures though

Shakslayer:

Guy, you really don't wish to be in my shoes, really!

She read Accounts, so she could only work in my unit (Finance). And even if she is sent to a different unit, the mere thought that she is now under someone else, is enuff to drive me madt. And i think she knows as well that she has an amazing effect on me, guess she's just waiting for me to make a move.
Now, if i do, and she snubs, that wud be bad for professional relationship, besides, i cant' even think of dating my direct subordinate! Yet, it hurts to throw her back into the market, at the same time, i won't let her be under a different manager.

I'd wanted to write on the bold text, but wasn't sure of how strongly you feel. In the real sense, you've to MAN-UP!!!

I've had something close to that at my former company and we were just 6, so there was no place to hide. But whenever she was around me, I start thinking of all the flaws she had as a person to dim my "LUST" for her. It worked eventually but you could cut the tension in the room with a knife whenever we were alone together.

If you place youself in her shoes, what do you think would help her life most? you or a job? The choice is yours.

By chance, if you can recommend her another company and secure her a job there, that would be great.

Shakslayer:

Smart response. Am seriously considering ur options. And yes, she will add value to the organisation, she is good.

So recommend her.... other things shall fall into place

First thing is if she would add value to your organisation. If she has shown the potential to be an asset, recommend her for a job. Don't forget to think with that brain in your head and not with the organ between your legs

Second thing, if you do recommend her, do not work with her at first!!! You can easily explain this to her and you HR that you want her to have a broader understanding of how your organisation works in other departments and do a development plan for her. This might span a year or two.

Third thing, if you get her employed in another department and still feel the "LUST", do try and make love to her and get it over with .
1. If she refuses your overtures, you don't have to work with her again at the end of her development cycle.
2. If she agrees and you get bored after a while, you don't have to work with her again at the end of her devlopment cycle
3. If she agrees and you both fall deeply in love and want to leave happily ever after, hmmm, that depends on your organisation's policy and beyond my scope (when it comes to that point, open another thread on NL ).
Any of the 3 points above should only be done on a very private level so as not to create the impression you gave her the job because you've been shagging her.

Good luck hunting

Thanks OAM4J!

Apart from the funds being stolen, the greatest disaster is the environmental devastation in humongous proportion!!

You have to see it, to believe it, and you'll weep for ND people... Unfortunately, the main actors are NDeltans themselves as the cry of na our oyel closes all discussions when the issue is raised.

For those my XYZ broses in this game, crude oil is a known teratogen and can cause birth defects and changes in fetal development. The target organs for crude oil are the hematopoietic (blood forming) system, lymphatic system, nervous system, and reproductive system. The Benzene component is a known carcinogen and our crude has loads of Benzene. This means that all the fishes, vegetation and water in the region continuously being exposed to crude oil spills will eventually pass on these effects to us..even after the Oyel finishes..

...

Bros, this na real GOBE!!!

atlwireles:

As much as I agree with some of your points. The fact remains, that natural gas demand globally will rise. Shale gas or not. LNG Plants will play a major role in this market. Even the American shale gas will be exported somewhere in Asia. The cost of building new pipelines,shipping terminals and very strict environmental rules will not only equalize, whatever advantage they have, it will actually make our gas cheaper .The Indians, Chinese, Japanese and Koreans are in desperate need of Natural gas. China is spending hundred of billions to pipeline gas from Russia. The America market is gone, but Asia is just opening up. Nigeria is well position due to cost and availability of this product to remain a player for another 100ys. Unless we turn water in some kind of cost effective energy source.

Thanks for this, we need to educate some people before they start giving themselves headache over something so simple.

davide470: Well, Shale Gas or not..the market for Gas is still active and progressing
N.B: some firms i know in the US still prefer naija gas than their *discovered* shale gas.
Asian market consumes gas like we consume garri over here. Look @ Japan, since they shut-down some of their nuclear reactors, gas has been one of their main stays, if not the major.

So, Olokola, Brass or not, NLNG is still functional and Train 7 is even about to come on stream!

Everything you wrote is right but errrrr, NLNG Train 7 hasn't been constructed yet (hopefully the President will give the go ahead by signing the FID).


2/3 of the posts on this thread scare me, as I know some of the posters might be connected in one way or other with people that take decisions on issues like this. Information is a very powerful tool and getting the right information is even more key. Please, if you want to learn more about the world's energy sources, market growth and major buyers, kindly google: world energy outlook, you'll get a link to the IEA (International Energy Agency) report on a yearly basis. You can also search for "energy outlook" with qualifiers like BP/Exxonmobil/Chevron which gives reports by these companies chopping the money itself.
http://www.worldenergyoutlook.org/publications/

Ciao.

edo.girl:
My brother, like you, I am usually cautious about Nigerian newspaper, but you can find similar information in the Economist.

I think we both agree that we need to diversify. Of course oil & gas will continue to be important to the economy.

Please, not that I'm after your hide, but please share a link to the economist article you quoted all the things you posted from

edo.girl:
It's all down to viability. Truth is LNG is yesterday's news. The world has moved on. Nigeria's biggest LNG project (Brass LNG)has been stuck in phase 2 (called Train 2) when it was planned to have 4 trains. The multinational oil companies are also involved in that project.

The price of LNG collapsed on the world market a few years back, and though it has improved a bit, new gas discoveries have been made in many more countries (including East Africa)thus meaning there are more supply sources. Paradoxically, much of Nigeria's gas can't be sold locally due to low domestic prices.

With LNG no longer in hot demand (as it was when Olokola and the other projects were planned), and no viable domestic market, any surprise investors are pulling back. Investors are hard-nosed profiteers. They are no mugs.

To compound LNG's problem, there is the phenomenon that is shale gas, which is reshaping America's (and soon the world's) energy market. With the discovery of shale gas, LNG prices in America are so low that if you got a ship-load of Nigerian LNG for free, and ship it to the US, by the time it arrives there, the cost of shipping alone will ensure that the 'free' LNG will still be almost as expensive as the current cost of LNG in the American market.

As far as LNG is concerned, OLOKOLA IS DEAD. It's not politics. The project, and others in Nigeria simply are not adding up anymore. What to do is to keep it alive for other industries, and the proposed Dangote refinery is a good step. It can become a cluster for allied petrochemical, plastic, and other industries. It can still achieve serious success.

What we should be doing as a country is seriously looking at rebalancing the economy away from its over dependence on oil. But when you have a political class whose sole desire is to loot, there is no hope of any such rebalancing happening. They are simply not interested.

Ever wondered how much energy, resources, and valuable time this Presidency was spending on Amaechi and PDP's political machinations in Anambra? You get it! Their own personal financial considerations are far more important to them.

I've read all you've posted to this point and I think you should do a little more research before posting what is plainly rubbish.

1. Brass LNG is not the biggest LNG plant in Nigeria, it doesn't even exist physically yet, only Nigeria LNG (http://nigerialng.com) with a 6 LNG train operation producing 22MMTPA (Million Tonnes per Annum) of Liquefied Natural Gas has been built and producing. The plant not only produces LNG, but produces 4MMTPA of domestic gas (LPG) where 150,000 Tonnes is supplied to the domestic market monthly.

2. The price of LNG has not collapsed around the world (come on, where did you get this rubbish from)!!!. Yes, the traditional markets in America and western Europe have had challenges like Shale gas production and the global economic downturn but this has been greatly upstaged by the market in the far east (quadruple the western price). All exporting LNG plants in the world are making a killing. FYI, NLNG made over $10B revenue last year alone and Nigeria got over 3B USD as profit from NNPC (remember Okonjo Iweala's lament last month about NNPC not remitting NLNG's dividend to the federation account).

3. We need the Brass & Olokola LNG projects up and running ASAP to take advantage of the growth in energy use and yes, I said growth, as LNG is the cleanness form of hydrocarbon and with companies paying premium for CO2 emission (in civilised countries), most manufacturing plants are now being powered by natural gas. Also, don't forget the issue with Nuclear Energy, even though it generates loads of energy more efficiently than other forms, its just not safe. So, until more cost effective renewable energy forms are available, LNG is energy future of the world.

In essence, the spiral effect of another LNG plant to Nigeria is enormous as, one the country gets revenue from profit sharing and taxation of the company and its workers, two the number of people to be employed during construction (more 30,000) and when operational (5,000) who are mostly Nigerians helps a whole lot (1 employed person, supports > 6 people, do the maths) and three, the skill set the Nigerians engaged during construction and normal operation is not something you'll ever find in a bookshop or university classroom, which in the long run will help the country to have the skilled workforce to grow the country once our politicians get their act right.

I do agree on one of your points though, which is that Nigeria needs to diversify its economy quickly. we can't continue to live like this as the middle and far eastern countries have shown. Please, visit Malaysia which was behind us in terms of economic growth 30 years ago and you'll be amazed what can be done with a little political will (Malaysia is like a Nigeria in another continent in terms of weather, corruption and Oil&Gas).

Soso990240: hello...62billion and 62million no be d same.moreover,i dont blame Jonathan ,obasanjo made d agreement with ASUU and abandoned it.

Please, how old are you? OBJ made agreement in 2009

Kindly pass the blunt, it must be very good

Unfortunately the system is being setup to churn out prostitutes, kidnappers, armed robbers and the like..

How can you be paying 65k for an assistant lecturer and you don't expect him/her to do something on the side...

If NOI is sincere, she should start the cutting of the recurrent expenditure from her cabinet>>>Damn it - They have two ministerial positions doing the same function (Fed. Minister and Minister of state) with their retinue of PAs, SAs, Assistant & Deputy PAs and SAs.

No scholarship endeavour, just pay and pass for the guys and back for ground for babes.....

By the way, what ASUU is requesting is for the FGN to implement a 2009 agreement signed by this same set of mofos...

And to think the RETARDEEN claims to have been a lecturer, SMH

playcharles: You guys are not serious, if u can afford 250k for flight, na becus of only 2k una come they read the book of LAMENTATIONS for, may the gods fire una mouth

Its not about the 2k, its about the legality of the fee.

After undergoing a flight of 6 - 10 hours, you expect to get to home/bed in like 2 hours after landing. But for where! At MMIA, you'll wait for 3 - 5 hours for your luggage and will still be praying that it has not been slashed by the luggage handlers/robbers.

After now getting your luggage, you'll now go to one illegal queue to pay 2k! tha!!!

mufutau55:

Can we exchange this thru email? I will send you a PM and we can exchange email address. Thanks.

Update: PM sent thru Nairaland.. expecting reply.

Hajji Mufutau

1st post on thread.

Abeg share the contact details oooo, we're all learning.

Zet72: Anybody who feels the statistic raised by Suswan in this article is bogus, should counter it with his/her own verifiable statistic.

On another note, Igbos need to move some of their investment down east as a matter of urgency,because nobody knows what tomorrow hold for this country.

If you read the original post carefully, you'll note that the only statement attributed to Suswan is the OP's thread title, every other thing written in the post was by a Mr. CLEMENT UDEGBE, a lawyer from Lagos who I guess should be Igbo, go figure on the unrealistic statistics.

To put it in context, the amended budget passed for the entire federation of Nigeria this week is N4.9Trillion, imagine all the projects ear-marked in that budget (east-west road, railway rehab, power projects etc) and you say Igbos have assets worth N600 Trillion in Abuja alone!!! Haba, Nigeria as a federation has not made this amount since independence.

"Mr. CLEMENT UDEGBE, a lawyer, wrote from Lagos"..
http://www.vanguardngr.com/2013/07/the-igbos-have-more-at-stake-in-nigeria/#



The mere mention of N300 Trillion, N600 Trillion like pure water wraps really got me…
Haba, N300 Trillion is nearly $2 Trillion dollars na!!!
Like it’s said, if you tell a lie long enough, you end up believing it.

viwesan:


I wonder how much you made when that whisky club of yours won those trophies...!

I didn’t make money, but was happy and basked in euphoria of a team shouldering all the criticism thrown at it and still succeeding where others have clearly failed.
This joy is what fans whose clubs win nought cannot understand or start to comprehend – the satisfaction of winning!!!

Afam4eva:
Not that i like Arsenal or any team in England but Arsenal despite not winning trophies is a business team and have made a lot of money from selling their players. Chelsea on the other hand are useless in every ramification.

Guess you're an Arsenal fan and need the consolation , anyways, sowie.

FYI, in the last 8 barren years for Arsenal business(sic) club, Chelsea has won 2 Premier League Trophies, 4 FA Cups, 1 League Cup, 1 Champions League and 1 Europa League Trophy for a total of 9 major trophies. If I also add 1 Community Shield, you might just stop posting on NL, so I'll stop .

I prefer Chelsea's uselessness to Arsenal business acumen (shish - you're not going to get 1 kobo from what the club directors make)

Afam4eva:
Chelsea has always been suffering and they'll continue to suffer. So that shouldn't be strange.

Suffering is relative. I'll prefer to suffer like chelsea and win the most coveted football trophy - the ECL, while i wouldn't wish my frenemy to suffer like arsenal!!!

Afam4eva: I can't believe the Madrid president said that about Makelele. That guy is one of the most hardworking defensive midfielders ever.

As for Mikel, i can't wait for him to leave Chelsea cos he has nothing to prove their. That's the club that made him goal shy. He has to go to another club where his full potentials will be harnessed. Chelsea is not a club where any serious player should go to.

You're right that Mikel needs a change of scene to try and re-enact his forward playing potential, while chelsea might suffer for the loss.

Seecreets: please read thru the thread before commenting

You're looking for something that's not lost and would simply create it yourself. I had an experience once where the lady ended up exchanging messages with a lady friend pretending to be me. The friend was so suprised, played along and sent "my love messages" to our mutual friends telling them I'd gone wacko. Eventually the 1st lady got a call from someone saying what I was up to. You can guess the humiliation to all concerned and my action afterwards

IMO, you'll end up driving him away.

NO LONG TIN:

Interesting!!! So u believe what CNN says even though it contradicts Al Jazera etc (How convenient).

I hope tomorrow when they publish something that contradicts Al Jazera, you wouldn't start shouting the West are painting Islam bad, like they even need to when most Musilms are doing that without help

Since you now believe CNN over Al Jazera, i hope you stay on course. Your username has been noted, if you ever attack any report by CNN, we go fight oooooo

The interview that CNN carried out on the friar who oversees Franciscans in the Middle East is recorded on video and that should remove doubts on its authenticity.