Energy Archives — City Business News

October 21, 2021 No Responses

TotalEnergies Accused Of Downplaying Climate Risks

French oil company TotalEnergies knew at least 50 years ago about a link between burning fossil fuels and global warming, researchers have said. An article from 1971 in the company’s magazine, Total Information, mentioned partial melting of ice caps, researchers...

October 20, 2021 No Responses

ExxonMobil India Gets New CEO

ExxonMobil India has appointed Monte Dobson as Chief Executive Officer and lead country manager, succeeding Bill Davis.As lead country manager, Dobson will be responsible for ExxonMobil subsidiaries in India, the company said in a statement.“India&#8...

October 16, 2021 No Responses

Brent Oil Hits $85

For the first time since 2018, Brent crude on Friday topped $85 a barrel in London, the latest milestone in a global energy crisis that has seen prices soar. Bloomberg reports that the global benchmark rose above the key level...

October 16, 2021 No Responses

Shell Appoints Sawan As Head Of Gas, Renewables

Royal Dutch Shell has appointed Wael Sawan as head of its integrated gas and renewables division, replacing Maarten Wetselaar who will leave the energy company after 25 years.Sawan currently heads Shell’s oil and gas product...

October 15, 2021 No Responses

Shell-Led Consortium Secures Contract For Hydrogen Storage Project

The United State Department of Energy (DOE), on Thursday announced the award of contract to a consortium of companies led by oil major Royal Dutch Shell PLC to demonstrate that a large-scale liquid hydrogen storag...

October 13, 2021 No Responses

TotalEnergies, Air Liquide Unveil Clean Hydrogen Infrastructure Fund

French companies, TotalEnergies , Air Liquide and Vinci announced the launch of what they said would be the world’s largest clean hydrogen infrastructure fund, as companies increase their presence in the green...

October 11, 2021 No Responses

Shell Reiterates Commitment To Nigeria’s Quest For Gas Hub In Energy Transition

As part of the global quest for cleaner energy, Shell Petroleum Development Company of Nigeria (SPDC) is working to transform Nigeria into a gas hub within the Gulf of Guinea. Speaking on Monday in Yenagoa, Bayelsa State at the 7th Annual Public...

October 10, 2021 No Responses

NUPENG Begins Strike On Monday

The National Union of Petroleum and Natural Gas Workers (NUPENG) says its Petroleum Tanker Drivers (PTD) will commence strike on Monday over the deplorable state of the nation’s highways and other issues. Mr Tayo Aboyeji, the South-West Zonal Chairman ...

October 9, 2021 No Responses

CAC: NNPC Share Capital Of N200b Highest In Nigeria

The Corporate Affairs Commission (CAC) says the Nigerian National Petroleum Company (NNPC) Limited had made history for being the company with the highest share capital in the country. The Registrar General, Corporate Affairs Commission, Alhaji Garba Abu...

October 5, 2021 No Responses

Oil At 7-Year High As OPEC Decides On Increase

Oil prices jumped Monday after OPEC and allied oil-producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oi...

October 4, 2021 No Responses

Seplat Energy Begins Supply Of Power To Oben Cottage Hospital In Edo

As part of its continuous community development programmes, Seplat Energy Plc has commissioned a project for power supply to Oben Cottage Hospital from its Oben gas facility at Oben Orhionmwon Local Government Area of Edo State Seplat in a statement...

September 29, 2021 No Responses

TotalEnergies Floats Electric Mobility Firm

TotalEnergies has signed an agreement with China Three Gorges Corporation to establish a joint venture in electric mobility in China.The venture will develop electric vehicle (EV) high-power charging infrastructure and services, TotalEnergies said.“T...

September 29, 2021 No Responses

TotalEnergies To Buy Back $1.5b Shares

The management of French energy firm, TotalEnergies, on Tuesday, disclosed plans to buy back $1.5 billion of its shares in the fourth quarter and boost its investment in renewable energy with the help of high oil prices. “TotalEnergies is c...

September 28, 2021 No Responses

TotalEnergies Projects Rise In Renewable Energy Use

French company TotalEnergies has said it expected a big rise in renewable-based electricity, solar, and wind forms of energy, partly due to a general increase in electrification in the industrial and business world.TotalEnergies added it expected that oil, i...