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Our Latest Blog Posts
08
Sep

GMD/GROUP CEO JULIUS RONE (OFR) AND THE MANAGEMENT TEAM OF THE UTM GROUP WAS AT GASTECH SINGAPORE 2023.

Gastech’s exhibition will enable buyers and sellers to showcase and source new products, solutions, and technologies, strengthen and build relationships, and do business across the full gas, LNG, hydrogen, and energy industry value chain. Benefit from the following: Develop new business opportunities. Gastech is an event where new connections are made and business partnerships are forged. The majority of attendees are either decision-makers, purchasers, or influencers. This clearly demonstrates that…

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02
Sep

DANGOTE, OTEDOLA, RONE, 38 OTHER NIGERIAN BUSINESS CEO’S INVITED BY THE PRESIDENCY TO ACCOMPANY MR. PRESIDENT TO THE G20 SUMMIT 2023 IN INDIA.

President Bola Ahmed Tinubu will be leading 38 prominent Nigerian billionaires and investors to attend the Nigeria-India Presidential roundtable and conference in New Delhi, India.    The event which is organized by the Nigerian High Commission in India in collaboration with the Confederation of Indian Industry (CII) and the Nigeria-India Business Council (NIBC) is expected to be by His Excellency, Bola Ahmed Tinubu, GCFR, President of the Federal Republic of…

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28
Jul

VANGUARD AWARDS: JULIUS RONE

  THE Group Managing Director, of UTM Offshore Limited, UTMOL, Mr. Julius Rone, OFR, fondly called ‘The Gas King,’ has lived up to that title when he took the bold steps toward the implementation of Nigeria’s first floating liquefied natural gas, FLNG, facility. This, which is in line with the Federal government’s ‘Decade of Gas Initiative,” remains very strategic as it would enhance energy transition, employment, capacity building, transfer of…

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25
Jul

NNPC TAKES 20% STAKE IN UTM FLNG PROJECT

The Nigerian National Petroleum Corp (NNPC) signed a heads of agreement with UTM Offshore Ltd to take a 20% stake in the UTM floating liquid natural gas (FLNG) project The UTM FLNG project is a milestone for Nigeria, significantly improving access to gas-based cooking in the West African nation, set to produce 176 million cubic feet of gas per day from the Yoho gas field, offshore Nigeria. Nigeria has more…

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20
Jul

NNPCL AND UTM OFFSHORE HAVE ENTERED INTO AN AGREEMENT TO CONSTRUCT NIGERIA’S INAUGURAL FLOATING GAS PLANT.

The Nigerian National Petroleum Company Limited (NNPCL), signed a Heads of Terms (HoT) agreement with UTM Offshore Limited for the construction of the nation’s first indigenous floating liquified natural gas (LNG) project. The signing of the agreement took place at the NNPC headquarters in Abuja. In a statement by Garba Deen Muhammad, the chief corporate communications officer of the company, NNPCL said the agreement is a step towards bolstering Nigeria’s…

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05
Jul

PRESENTATION OF THE UTM FLNG MODEL TO THE PRESIDENT AT ASO VILLA

Amid high cost of fuel in the country, UTM FLNG, a Nigerian gas company, has concluded plans to set up the first Floating Liquefied Natural Gas (FLNG) facility in Nigeria and the very first developed by an indigenous private African company. The FLNG will, among other things, boost production and crash the cost of gas for domestic, auto, and industrial use in the country. The facility also aims to leapfrog…

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09
Dec

UTM OFFSHORE LIMITED (UTM) SIGNS MEMORANDUM OF UNDERSTANDING (MoU) TO RAISE $2 BILLION FOR THE DEVELOPMENT OF THE FIRST FLOATING LIQUEFIED NATURAL GAS PLANT

The Group Managing Director / CEO of the UTM Group of Companies: Mr. Julius Rone signs the MoU for the development of first Floating LNG production plant in the West African Sub-Saharan region. In partnership with the African Export-Import Bank (Afreximbank) raised an initial sum of $2 billion for the first phase, with a commitment to $3 billion in the second phase. This is in line with the firm’s strategic…

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12
May

UTM OFFSHORE LIMITED (UTM) SIGNS PRE-FEED CONTRACT AGREEMENT FOR THE FIRST FLOATING LIQUIFIED NATURAL GAS (FLNG) PRODUCTION PLANT BETWEEN JGC CORPORATION (JGC), JAPAN AND KELLOG BROWN AND ROOT (KBR), UNITED KINGDOM

The Group Managing Director / CEO of the UTM Group of Companies: Mr. Julius RONE signs the Preliminary – Front End Engineering Design (Pre-FEED) for the first Floating LNG production plant in the West African Sub Saharan with JGC Corporation, Japan. The Pre-FEED Agreement milestone follows after the award of the License to Establish (LTE) of the FLNG production plant by the Department of Petroleum Resources (DPR) to UTM Offshore…

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28
Aug

UTM OFFSHORE LIMITED, JGC CORPORATION, JAPAN, TECHNIP ENERGIES, FRANCE, AND KELLOGG BROWN & ROOT (KBR) UNITED KINGDOM HAVE EXECUTED THE FRONT-END ENGINEERING DESIGN (FEED) CONTRACT FOR THE ADVANCEMENT OF NIGERIA’S INAUGURAL FLOATING LIQUEFIED NATURAL GAS (FLNG) FACILITY IN LONDON, UK.

Nigeria’s quest for energy transition received a huge boost on Wednesday as an indigenous firm, UTM Offshore Limited signed agreements with three technical partners – Kellogg Brown and Root (KBR) UK; Japan Gas Corporation (JGC), Japan and Technip Energies Limited, France – for the commencement of the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility. The agreements were signed at a brief event at the…

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