Energy Archives — Page 20 of 54

February 9, 2021 No Responses

Nigeria Approves First Floating LNG Production Plant Licence

The Department of Petroleum Resources (DPR) in Nigeria has issued Licence to Establish (LTE) the first floating Liquefied Natural Gas (LNG) production plant to UTM Offshore Ltd, an indigenous oil and gas company. A statement issued on Monday by Mr...

February 5, 2021 No Responses

Total Joins Clamour For Zero Carbon Shipping

French energy major Total has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping as a strategic partner as the company accelerates its R&D program for carbon-neutral shipping solutions. Based in Copenhagen, the research and development cen...

February 3, 2021 No Responses

Exxon Mobil Declares $22.4b Loss

Oil giant Exxon Mobil suffered its first annual loss in decades last year as the pandemic prompted energy use to plunge. The firm lost $22.4bn (£16.4bn) as energy prices dropped – at one point falling below zero. The downturn forced...

January 22, 2021 No Responses

Total, Firm Seal New LNG Charter Deal

Russia’s largest shipping company Sovcomflot has secured a charter deal for its newbuild LNG tanker with Total. Already, the two companies have concluded a time charter agreement for up to 7 years for a newbuilding 174,000-cbm LNG carrier, to be....

January 11, 2021 No Responses

LNG Firm To Receive More Vessels In 2021

Liquefied natural gas shipping company Flex LNG is expanding its fleet of vessels on the water earlier than planned. In a brief statement through its social media channels, Flex LNG informed that it will bring forward the delivery of its...

January 4, 2021 No Responses

Oil Prices Drop As OPEC Warns of 2021 Q1 Downside Risks

Oil prices edged lower on Monday, the first working day of 2021 trading, ahead of a meeting of OPEC and allied producers to discuss output levels for February with fears for first-half demand seeping into the market as the coronavirus pandemic lingers.Bre...

December 16, 2020 No Responses

FG Inaugurates Two LNG Plants In Kano

The Minister of State for Petroleum Resources,Timipre Sylva, on Tuesday inaugurated two Liquified Natural Gas (LNG) plants in Kano State to enhance power supply for industrial development. Designed to enhance gas and power supply to industries in the state,the...

December 14, 2020 No Responses

NLNG, Bonny Kingdom, Julius Berger Seal Historic Bonny Consulate MoU

Nigeria LNG Limited (NLNG) has signed a Memorandum of Understanding (MoU) with Bonny Kingdom and Julius Berger Nigeria Limited (JBN) for the reconstruction of the Bonny Consulate Building, a 19th century historic landmark in Bonny Kingdom. The MoU w...

December 13, 2020 No Responses

Olu Of Warri Implores FG On $16b Ogidigben Gas Project

The Olu of Warri, Ogiame Ikenwoli, has appealed to President Muhammadu Buhari to begin work on the US$16-billion Ogidigben gas project in Warri South-West Local Government Area of Delta. Ikenwoli made the appeal on Saturday during his fifth anniversary celebra...

November 27, 2020 No Responses

Transcorp Pays N26.25b For Afam Power

Transcorp Power Consortium has paid an equivalent of N26.25billion being 25 percent of the N105.3billion winning price for the Afam Power Plc to formally takeover the assets of the company. Announcing the payment at the formal handover o...

November 12, 2020 No Responses

NLNG Targets 450,000MT LPG Supply In 2021

The Nigeria Liquefied Natural Gas (NLNG) Limited is to increase its allocation of Liquefied Petroleum Gas (LPG) to the domestic market from 350, 000MT to 450, 000MT by 2021. The NLNG said the move was aimed at supporting the Federal Government...

November 12, 2020 No Responses

NLNG DonatesN381m Renal Centre To RSUTH

Nigeria LNG Limited (NLNG) on Wednesday donateda Renal Centre worth N381 million to the Rivers State University Teaching Hospital (RSUTH) to support the hospital’s response to the COVID-19 pandemic andto boost healthcare delivery in Rivers State. ...

November 12, 2020 No Responses

Seplat Petroleum Announces Two Outgoing Board Members

Two members of Seplat Petroleum Development Company Plc Board, Mr Michael Alexander and Mrs Ifueko Omoigui Okauru, are to retire from the board, effective January . 31, 2021.Mrs Edith Onwuchekwa, the company’s Secretary and General Counsel, disclosed this in...

November 2, 2020 No Responses

Ikeja Electric Implements Revised Service Reflective Tariff

Ikeja Electric Plc (IE) has commenced implementation of the revised Service Reflective Tariff (SRT), as approved by the Nigerian Electricity Regulatory Commission (NERC) effective November 1, 2020. The electricity distribution company made the announcement in ...