airsaylongcon:
Wait o guys. Are you guys dead serious that certain folks viewing this thread already have 100% knowledge of their performance at the AC? Corruption nobi only under PeeDiPee govt? #HonestlySurprised.

I thought people were just running they mouths! The only knowledge I have from my performance at d AC na dream wey I dream o. Very vivid dream wey I still dey see clearly in my mind's eye. La wa

I couldn't be more surprised.

lol,..y'all dont mind me ..too much komolop cholop...effects of this bloody never ending holiday....im just having a sunday evening tb...haaaaaa and tomorrow is still holiday...*sobs*....ION,...no matter the content of the holy mails...every single person here will take one or two things home in terms of life lessons...many will shakiti bobo, other will wo bobo while the rest will just bobo...no matter whay, the Tims will sha go up and come down...life goes on.

ok im talking too much now, so i will end by saying,...even if you have one fat Gift who can put off the lights in NLNG HR or your Orente is an auditor currently seconded at the moment to NLNG, the best you can get is that you passed on failed AC. Not placement or selection......this recruitment complex sha...haaaaa!!!...o ma kod!!!..mbok infact NigeriaLNG e haf madt ni!!!...unam kidots!!!...bloody ebot ekots!!

My man! Do u know that 'humility' line shows up here whhen someone's sensibility and personality are kind of picked on. But if NLNG regret mails humbles anyone indeed, then such one never took my advice of carrying on with life and hustle as though NLNG never existed. If you are awaiting the NLNG feedbacks to humble you or humble ur colleagues, then you never see or know LIFE.

Don't remind me how my friend met his wicked supervisor at a job interview as a candidate after the industry recession threw us into the street earlier this year. Yes he got the job and the supervisor still dey house. Life is what happens to you when u are busy planning and hoping on other things. Spirit of sportmanship indeed is needed.

For those of us awaiting medicals, if u like reject the first job offer u will get next month unto say ee don be for u at bonny. Ur name go be sorry! U hv not signed anything oh! Keep hustling!

whatsupguys:
Please let's forget about all this humility talk blablabla IMO its spiteful. All we need is the spirit of sportmanship. You get the job, I didn't, I congratulate you and move on, I get it, you didn't, I still congratulate you, cos Dangote and Otedola never worked in nlng, maybe you are just about to become the next big thing. Everybody that has made it this far is good. You may have been in your best shape that day and for one reason or another next guy was not just in his best. Let this stage just pass, there is so much to do. I won't brood over anything for more than 3 days good or bad. The steps of a righteous man are ordered by the Lord. I count it all joy! I want to say to a very large degree this thread was far better, we had rough times we came out more friendly.

Saved2Serve:
Smiles* bad guy**** your subtle response tho! You won't be anyone's laundry man at all. Hahhaha!! This home-grown cliches for responding to haughty and proud personalities is becoming poetic. Me likey! I don't know why some monikers just prefer codedly attacking personalities than the post.

my brother....lol i dony even know the monicker that made that comment...im just out for the comments neck cos it wasnt a nice comment....sugbon its history nau sha....i hope the person behind that monicker wasnt serious tho....cos i dont want to become his grandma's masseurs in bonny oh...Nigerians have power!

Saved2Serve:
My man! Do u know that 'humility' line shows up here whhen someone's sensibility and personality are kind of picked on. But if NLNG regret mails humbles anyone indeed, then such one never took my advice of carrying on with life and hustle as though NLNG never existed. If you are awaiting the NLNG feedbacks to humble you or humble ur colleagues, then you never see or know LIFE.

Don't remind me how my friend met his wicked supervisor at a job interview as a candidate after the industry recession threw us into the street earlier this year. Spirit of sportmanship indeed is needed.

For those of us awaiting medicals, if u like reject the first job offer u will get next month unto say ee don be for u at bonny. Ur name go be sorry! U hv not signed anything oh! Keep hustling!

oooh....reminds me of one damned multinational who kept me on waiting list for almost a year then they sent one danmed regret mail...only to send another interview invite one month after their bloody regret mail....

In other related unrelated news, Oil Service companies are obviously having it tough. Letting go of staff enmasse, even relatively low earners. I truly wonder who the winner is in this price war.

Wetin person never see and hear for we country? Be like I know that coy. Until u accept an offer officially, come resume work. Nwanne gbado anya oh! Even probation of 6 months dey oh in some coys.

Prinzofparis:


oooh....reminds me of one damned multinational who kept me on waiting list for almost a year then they sent one danmed regret mail...only to send another interview invite one month after their bloody regret mail....

My brother, am not being pessimistic, this 2016 na gbagam!the western industrialized countries buying crude oil and LNG are gaining.

The cost of gasoline has gone very low in these countries cus cruudeoil price has fallen. See us here buying N140 per liter of PMS. Is it not expected that petrol price shouuld be sold a very flower price than N70 if we were in a sane country, given the low price of crude oil? What is globally a blessing, will always find a way to be a curse to us. Human factor! Bad leadership!!

We don't experience natural prodogies in this country. No tornadoes, landslide, earthquate etc. 98% of our problem as a nation is human-caused.

dway4ward:
In other related unrelated news, Oil Service companies are obviously having it tough. Letting go of staff enmasse, even relatively low earners. I truly wonder who the winner is in this price war.

It is so scary in Naija cos there isn't a non-oil economy to transfer skills to. Even the sister power industry is yet to get it's feet sorted.

On our problems as a nation, sometimes adversity is necessary for growth. If we had a cold season where people will die without supply of heat, a Nigerian would have found solution before Isaac saw the apple drop.

We are where we are, a few of us should inspite of the challenges strive to put our nation on a sound path. We can, if we just try.

Saved2Serve:
My brother, am not being pessimistic, this 2016 na gbagam!the western industrialized countries buying crude oil and LNG are gaining.

The cost of gasoline has gone very low in these countries cus cruudeoil price has fallen. See us here buying N140 per liter of PMS. Is it not expected that petrol price shouuld be sold a very flower price than N70 if we were in a sane country, given the low price of crude oil? What is globally a blessing, will always find a way to be a curse to us. Human factor! Bad leadership!!

We don't experience natural prodogies in this country. No tornadoes, landslide, earthquate etc. 98% of our problem as a nation is human-caused.

Sounds like South Korea is a winner. I love that country, all they have is human resource and some water, and they are a very developed and beautiful country. Imagine running a coal plant over 4GW capacity without owning coal mines. They run over 10GW gas fired combined cycle plants without owning a single oil or gas field, NLNG supplies them cargoes sometimes.

Saved2Serve:
My brother, am not being pessimistic, this 2016 na gbagam!the western industrialized countries buying crude oil and LNG are gaining.

The cost of gasoline has gone very low in these countries cus cruudeoil price has fallen. See us here buying N140 per liter of PMS. Is it not expected that petrol price shouuld be sold a very flower price than N70 if we were in a sane country, given the low price of crude oil? What is globally a blessing, will always find a way to be a curse to us. Human factor! Bad leadership!!

We don't experience natural prodogies in this country. No tornadoes, landslide, earthquate etc. 98% of our problem as a nation is human-caused.

whatsupguys:
Please let's forget about all this humility talk blablabla IMO its spiteful. All we need is the spirit of sportmanship. You get the job, I didn't, I congratulate you and move on, I get it, you didn't, I still congratulate you, cos Dangote and Otedola never worked in nlng, maybe you are just about to become the next big thing. Everybody that has made it this far is good. You may have been in your best shape that day and for one reason or another next guy was not just in his best. Let this stage just pass, there is so much to do. I won't brood over anything for more than 3 days good or bad. The steps of a righteous man are ordered by the Lord. I count it all joy! I want to say to a very large degree this thread was far better, we had rough times we came out more friendly.

I have planned my 2016 already like say there is nothing like nlng sef. So, if I happen to get regret mail, my life would still be at full speed, afterall nothing spoilt.. I would feel bad at that moment though, but that would just be an instanteneous reaction to bad-news, and not that my whole life had crumbled right before my eyes.

tk4rd:
I have planned my 2016 already like say there is nothing like nlng sef. So, if I happen to get regret mail, my life would still be at full speed, afterall nothing spoilt.. I would feel bad at that moment though, but that would just be an instanteneous reaction to bad-news, and not that my whole life had crumbled right before my eyes.

GBAM!!!

Saved2Serve:
My man! Do u know that 'humility' line shows up here whhen someone's sensibility and personality are kind of picked on. But if NLNG regret mails humbles anyone indeed, then such one never took my advice of carrying on with life and hustle as though NLNG never existed. If you are awaiting the NLNG feedbacks to humble you or humble ur colleagues, then you never see or know LIFE.

Don't remind me how my friend met his wicked supervisor at a job interview as a candidate after the industry recession threw us into the street earlier this year. Yes he got the job and the supervisor still dey house. Life is what happens to you when u are busy planning and hoping on other things. Spirit of sportmanship indeed is needed.

For those of us awaiting medicals, if u like reject the first job offer u will get next month unto say ee don be for u at bonny. Ur name go be sorry! U hv not signed anything oh! Keep hustling!

Yes and True. C'est la vie

So LadyF dear, how did the Elegushi Beach Party go.?? I hope u met enough guys and rocked a good number of them to melting point.??

tk4rd:
So LadyF dear, how did the Elegushi Beach Party go.?? I hope u met enough guys and rocked a good number of them to melting point.??

lol the beach party was so much fun. Davide470, Tolutweety, and a host of others made sure everyone had fun

Anyone that didnt come missed a lot, make sure you're there next year sha, it's a yearly event

ladyF:

lol the beach party was so much fun. Davide470, Tolutweety, and a host of others made sure everyone had fun

Anyone that didnt come missed a lot, make sure you're there next year sha, it's a yearly event

Next year? I thought it was for the Job/Vacancies board. Are you praying that we are still active on that board next year? (*spits tufiakwa*) Unless you mean we will be offering people openings then yes I can be active from that perspective

Maybe NLNG is gunning for Guinness World Records of the longest recruitment ever, spanning 2013 - 2016...

airsaylongcon:


Next year? I thought it was for the Job/Vacancies board. Are you praying that we are still active on that board next year? (*spits tufiakwa*) Unless you mean we will be offering people openings then yes I can be active from that perspective

Ahh ann. It's not like that na. I think some of us miss the definition.

That you're active on the board doesn't mean you're jobless or you're living from hand to mouth. Just like we've unconsciously built relationships on this thread, many other people have built relationships and formed their cliques in the course of their job hunt over the years. So many people have benefitted one way or another, so they stay to pay it forward et al. Oga Jarus. Merry Christmas Sir

Like once we get mails here, however the outcome,from time to time, few years from now, we'll surely remember to check in once in a while and *drop pin* or whatever...na so e be.

ladyF:

lol the beach party was so much fun. Davide470, Tolutweety, and a host of others made sure everyone had fun

Anyone that didnt come missed a lot, make sure you're there next year sha, it's a yearly event

Hehehehehehe... The only thing I missed is You.. I have always wanted to meet and know You... Any other thing is just as useless as trekking around my house and whistling away as time passes.

tk4rd:
Hehehehehehe... The only thing I missed is You.. I have always wanted to meet and know You... Any other thing is just as useless as trekking around my house and whistling away as time passes.

Na so u no come go bish....ladyf beware of love professors ooo #my2cent......hehehe

whatsupguys:

Na so u no come go bish....ladyf beware of love professors ooo #my2cent......hehehe

Ladyf was not so serious about de bish issue., all of a sudden, I come dey hear from another sauce say she go bish.

whatsupguys:

Na so u no come go bish....ladyf beware of love professors ooo #my2cent......hehehe

lol I will beware, and he sabi whine person.

International shipments of LNG by container ship are generally price-indexed to crude oil, meaning that falling oil prices have led to a comparable drop in LNG prices.

The General Manager, Commercial of the Nigeria Liquefied Natural Gas (NLNG) Limited, Mr. Patrick Olinma, on Tuesday disclosed that the average six months intake of the company from the sale of LNG to its customers at various destination markets has dropped by 30 per cent because of the current volatility in the global prices of crude oil.


Olinma at the 2015 ‘commercial week’ of the NLNG in Abuja stated that the volatility in price of Brent crude, which NLNG indexes its price for LNG, has ensured that the percentage drop in revenue was recorded within its six months average benchmark calculation.
He said that while Brent had recorded an average of 40 per cent price drop in the ongoing price fluctuation, the average intake of NLNG might as well dwindle further if the situation persists.


“Normally, our prices are not Brent of the day but an average of six months Brent. So we are still carrying over some of the high Brent prices but even at that we have lost 30 per cent of our revenue as at the end of April compared to 2014.


"So, when a lot of people look at the Nigerian economy and they only talk about oil, in terms of revenue we generate over $10 billion on the average. So, when you look at the fact that we are losing about 30 per cent, that is a lot of reduction in revenue for the country,” Olinma stated while making his presentation on the current dip in energy prices.


According to him, “Basically, our export product is indexed to Brent and so it is a percentage of Brent. For example, you sell and get paid 10 per cent of Brent, and if Brent sells for $100, you get paid $10. If it goes down to $50, then it is $5; that is exactly what has happened to our product sale.”


Speaking further, he said: “Because of the fall in Brent which our pricing is indexed to and if it goes down, our price goes down, if it goes up, our price goes up, that movement is what we are talking about.


"Brent has fallen by 40 per cent today, it went below that before but is at $60 now. Last year and in 2013 on the average, it was above $100 but today it is $60, that is 40 per cent drop, our revenue has gone down by 30 per cent because we have what is called the lag.”
“Our Brent pricing is that when I say 10 per cent of Brent, it is 10 per cent of the average Brent price for six months and because of that we then have a lag effect that will still come from the high Brent because if you are pricing today, you go back to six months and take the average.


"That is why ours have fallen by 30 per cent while Brent is 40 per cent but if it continues, then we will get to a point where it is exactly the same and if it is going up again, we will take time to go up again because we will continue to take the six months average and after a while again, it will catch up again,” Olinma added.


Olinma’s disclosures were also buttressed by the Deputy Managing Director of NLNG, Isa Mohammed Inuwa, who said that in addition to the pricing factor, the substitution of NLG with other fossil fuel by consumers has equally contributed to the revenue decline.


“The most important thing to understand is that our prices are indexed to crude, at least a significant portion of our portfolio. The price of our gas is indexed to Brent and therefore if there is a fall in Brent price, it necessarily means that we will sell for less but then the other thing that is good to look at is the demand side.


"LNG is a substitute fuel and there is a switch between LNG and other hydrocarbon products and these are the two sources of drop in revenue; crude price and of course as a substitute because in other words, anybody who is using LNG can move into other sources of energy and so yes, we’ve been affected,” Inuwa said.


He also informed the audience that the company was already making good efforts with its renewal of expiring supply contracts with its customers.


He said: “As you know, LNG contracts are long term and you don’t build plants until you have supply contracts that are at least equivalent to the life of that assets. Our contracts are normally between 20 to 25 years.


"The first three trains on the LNG, their contracts will begin to expire as from 2020-2021 and ordinarily as a matter of practice, you have to start re-marketing well before the expiry of the existing contracts.


“We have already developed a re-marketing strategy and we have a fairly good idea of how we are going to re-market those trains, what the market conditions may likely be, what levers we are going to employ in terms of our re-marketing strategy. So we have a very clear idea of what we are going to do."

Saved2Serve:
International shipments of LNG by container ship are generally price-indexed to crude oil, meaning that falling oil prices have led to a comparable drop in LNG prices.

The General Manager, Commercial of the Nigeria Liquefied Natural Gas (NLNG) Limited, Mr. Patrick Olinma, on Tuesday disclosed that the average six months intake of the company from the sale of LNG to its customers at various destination markets has dropped by 30 per cent because of the current volatility in the global prices of crude oil.


Olinma at the 2015 ‘commercial week’ of the NLNG in Abuja stated that the volatility in price of Brent crude, which NLNG indexes its price for LNG, has ensured that the percentage drop in revenue was recorded within its six months average benchmark calculation.
He said that while Brent had recorded an average of 40 per cent price drop in the ongoing price fluctuation, the average intake of NLNG might as well dwindle further if the situation persists.


“Normally, our prices are not Brent of the day but an average of six months Brent. So we are still carrying over some of the high Brent prices but even at that we have lost 30 per cent of our revenue as at the end of April compared to 2014.


"So, when a lot of people look at the Nigerian economy and they only talk about oil, in terms of revenue we generate over $10 billion on the average. So, when you look at the fact that we are losing about 30 per cent, that is a lot of reduction in revenue for the country,” Olinma stated while making his presentation on the current dip in energy prices.


According to him, “Basically, our export product is indexed to Brent and so it is a percentage of Brent. For example, you sell and get paid 10 per cent of Brent, and if Brent sells for $100, you get paid $10. If it goes down to $50, then it is $5; that is exactly what has happened to our product sale.”


Speaking further, he said: “Because of the fall in Brent which our pricing is indexed to and if it goes down, our price goes down, if it goes up, our price goes up, that movement is what we are talking about.


"Brent has fallen by 40 per cent today, it went below that before but is at $60 now. Last year and in 2013 on the average, it was above $100 but today it is $60, that is 40 per cent drop, our revenue has gone down by 30 per cent because we have what is called the lag.”
“Our Brent pricing is that when I say 10 per cent of Brent, it is 10 per cent of the average Brent price for six months and because of that we then have a lag effect that will still come from the high Brent because if you are pricing today, you go back to six months and take the average.


"That is why ours have fallen by 30 per cent while Brent is 40 per cent but if it continues, then we will get to a point where it is exactly the same and if it is going up again, we will take time to go up again because we will continue to take the six months average and after a while again, it will catch up again,” Olinma added.


Olinma’s disclosures were also buttressed by the Deputy Managing Director of NLNG, Isa Mohammed Inuwa, who said that in addition to the pricing factor, the substitution of NLG with other fossil fuel by consumers has equally contributed to the revenue decline.


“The most important thing to understand is that our prices are indexed to crude, at least a significant portion of our portfolio. The price of our gas is indexed to Brent and therefore if there is a fall in Brent price, it necessarily means that we will sell for less but then the other thing that is good to look at is the demand side.


"LNG is a substitute fuel and there is a switch between LNG and other hydrocarbon products and these are the two sources of drop in revenue; crude price and of course as a substitute because in other words, anybody who is using LNG can move into other sources of energy and so yes, we’ve been affected,” Inuwa said.


He also informed the audience that the company was already making good efforts with its renewal of expiring supply contracts with its customers.


He said: “As you know, LNG contracts are long term and you don’t build plants until you have supply contracts that are at least equivalent to the life of that assets. Our contracts are normally between 20 to 25 years.


"The first three trains on the LNG, their contracts will begin to expire as from 2020-2021 and ordinarily as a matter of practice, you have to start re-marketing well before the expiry of the existing contracts.


“We have already developed a re-marketing strategy and we have a fairly good idea of how we are going to re-market those trains, what the market conditions may likely be, what levers we are going to employ in terms of our re-marketing strategy. So we have a very clear idea of what we are going to do."

Hmmm....very insightful...it is well with us!

2 more days to Jan' 2016. Maybe January is the month.

okoope:
2 more days to Jan' 2016. Maybe January is the month.

You finally decided to talk abi?? Compliment of the season man!

COMPLIMENTS OF THE SEASON HOUSE!

Wishing us all a better and more prosperous New Year in a bit...

Good that the first question via #askBuhari on the Presidential Media Chat today was about NLNG. I hope more questions about NLNG will come. Wow more questions on NLNG!!!!!

http://sweetcrudereports.com/2015/12/29/nlng-train-7-fid-coming-soon-kachikwu/

30 December 2015, Sweetcrude, Abuja – The Nigerian Liquefied Natural Gas, NLNG, shareholders would be taking final investment decision, FID, for the NLNG Train 7 project soon, according to Minister of State for Petroleum, Dr. Ibe Kachikwu.

The FID by the shareholders – Nigerian National Petroleum Corporation, NNPC; Shell Gas BV, Total LNG Nigeria Limited and Eni International NA – has been dragging for years, casting doubt on the possibility of the project’s take off.

But, Kachikwu, who is also Group Managing Director of the NNPC, said the shareholders were now desirous of benefiting from the market dynamics and the economies of scale of the existing trains.

Said the minister: “We held a meeting two months ago and we are almost getting towards the FID. I think everybody is on block now that Train 7 needs to happen.

“Of course, you know that increasingly, the LNG market is getting very tight with the likes of the Qataris, the Saudi Arabia and Russia, dominating the market, and of course, the United States, which is now in a position to actually export”.

.

qwerty123qwerty:
Maybe NLNG is gunning for Guinness World Records of the longest recruitment ever, spanning 2013 - 2016...

NNPC is currently topping that league table. Their's has been since 2012.

vantage7:
http://sweetcrudereports.com/2015/12/29/nlng-train-7-fid-coming-soon-kachikwu/

30 December 2015, Sweetcrude, Abuja – The Nigerian Liquefied Natural Gas, NLNG, shareholders would be taking final investment decision, FID, for the NLNG Train 7 project soon, according to Minister of State for Petroleum, Dr. Ibe Kachikwu.

The FID by the shareholders – Nigerian National Petroleum Corporation, NNPC; Shell Gas BV, Total LNG Nigeria Limited and Eni International NA – has been dragging for years, casting doubt on the possibility of the project’s take off.

But, Kachikwu, who is also Group Managing Director of the NNPC, said the shareholders were now desirous of benefiting from the market dynamics and the economies of scale of the existing trains.

Said the minister: “We held a meeting two months ago and we are almost getting towards the FID. I think everybody is on block now that Train 7 needs to happen.

“Of course, you know that increasingly, the LNG market is getting very tight with the likes of the Qataris, the Saudi Arabia and Russia, dominating the market, and of course, the United States, which is now in a position to actually export”.

Good news! I hope this happens within the first 3-4 weeks of the new year. Too long overdue, but better late than never.