DATELINE: September 6, 2024 - The Federal Government of Nigeria has officially granted UTM FLNG Limited “License to Construct” (LTC) Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility, opening a new economic chapter for Nigeria, Africa’s largest crude oil producer, in the global gas market. The UTM Offshore Limited Floating Liquefied Natural Gas (FLNG) plant with a capacity of 2.8 million tons per annum (MTPA), will produce Liquefied Natural Gas…

UTM Offshore Limited at the Nigeria International Energy Summit (NIES) 2024. 26th February - 1st March 2024 The 7th edition of the Nigeria International Energy Summit (NIES 2024) focuses on the theme "Navigating the New Energy World Order: Security, Transition, and Finance."  NIES 2024 stands out as the most significant industry event yet. It serves as a premier business platform, offering companies the opportunity to demonstrate their expertise and promote…

L-R: Mr. Julius Rone (OFR) GMD, UTM Offshore Limited, Rt. Hon. Elder Sheriff Oborevwori, Governor of Delta State, Mr. Mele Kyari, GCEO NNPCL, and Hon. Minister of State for Petroleum Resources (GAS) Ekperikpe Ekpo after inking the dotted lines to seal the partnership. UTM Offshore Limited, the Delta State Government, and the Nigerian National Petroleum Company Limited (NNPCL) have inked a shareholder agreement (SHA) to jointly develop Nigeria's first Floating…

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…

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…

  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…

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…

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…

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…

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…