Category: Energy

Qatar, China Seal 27-Year LNG Supply Deal 
November 23, 2022 No Responses

Qatar, China Seal 27-Year LNG Supply Deal 

QatarEnergy and China Petroleum & Chemical Corporation (Sinopec) have entered into a 27-year sale and purchase agreement (SPA) for the supply of 4 million tons per annum (mtpa) of liquefied natural gas (LNG) to China.  The contracted LNG volumes will be supplied...
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<strong>NLNG Commissions Hospital Support Initiative Projects </strong>
November 20, 2022 No Responses

NLNG Commissions Hospital Support Initiative Projects 

Nigeria LNG (NLNG) Limited has commenced the commissioning of Phase 1 projects in its multi-billion-naira Hospital Support Programme (NLNG HSP) with the opening of a maternity centre at the University of Abuja Teaching Hospital (UATH), Gwagwalada.   ...
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Sylva Lauds UTM Offshore, Technical Partners On Nigeria’s First Floating LNG Facility 
November 18, 2022 No Responses

Sylva Lauds UTM Offshore, Technical Partners On Nigeria’s First Floating LNG Facility 

Nigeria’s quest for energy transition received a huge boost on Wednesday when an indigenous firm, UTM Offshore Limited signed agreements with three technical partners, Kellogg Brown and Root (KBR) UK, Japan Gas Corporation (JGC) and Technip Energies Limited,...
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Oil Marketers Task NIMASA, NPA On Naira Transactions
November 14, 2022 No Responses

Oil Marketers Task NIMASA, NPA On Naira Transactions

The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey Federal Government’s directive on Naira transactions for ports charges.   This is cont...
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Daewoo Secures $252m Contract For One LNG Carrier
November 9, 2022 No Responses

Daewoo Secures $252m Contract For One LNG Carrier

South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME) has secures contract to build one liquefied natural gas (LNG) carrier. The contract, worth $252 million, was signed with an undisclosed shipowner from Oceania on 7 October, DSME said...
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QatarEnergy, MISC, Seal Five New LNG Carrier Deals 
November 9, 2022 No Responses

QatarEnergy, MISC, Seal Five New LNG Carrier Deals 

Qatar’s state-owned oil and gas company, QatarEnergy has awarded long-term charter contracts to Malaysian energy logistics group MISC Berhad and its consortium partners for additional five newbuild Liquefied Natural Gas (LNG) carriers  MISC’s con...
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Oil Falls As China Sticks To Strict COVID Policy
November 7, 2022 No Responses

Oil Falls As China Sticks To Strict COVID Policy

Oil prices fell more than 2% at the start of Asia trade on Monday after Chinese officials at the weekend reiterated their commitment to a strict COVID containment approach, dashing hopes of an oil demand rebound at the world’s top crude...
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Conoil Shareholders Get N1.7b Dividend For 2021  
October 28, 2022 No Responses

Conoil Shareholders Get N1.7b Dividend For 2021  

Shareholders of Conoil Plc, at the weekend, unanimously approved the proposed final dividend payout of N1.734 billion, which translates to N2.50 per share, for the 2021 financial year.   The dividend payment ratified at the company’s 52nd Annual General...
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TotalEnergies Attains $9.9b Income In Q3  
October 28, 2022 No Responses

TotalEnergies Attains $9.9b Income In Q3  

French-headquartered energy giant TotalEnergies has strengthened its balance sheet and doubled its profit in the third quarter  (Q3) of 2022 on a year-on-year basis, driven by its LNG business and higher gas prices due to the Ukraine crisis. &nb...
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NLNG Seeks More Investment To Ensure Reliable LPG Supply
October 26, 2022 No Responses

NLNG Seeks More Investment To Ensure Reliable LPG Supply

Nigeria LNG Limited (NLNG) has called on stakeholders in the domestic Liquified Petroleum Gas (LPG) value chain to invest in the supply of the product to ensure a reliable and steady stream of supply to the market.  A statement issued...
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Cooking Gas Marketers Caution Against Panic Buying
October 23, 2022 No Responses

Cooking Gas Marketers Caution Against Panic Buying

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has cautioned Nigerians against panic buying of Liquefied Petroleum Gas (LPG), cooking gas, as a result of the force majeure declared by Nigeria Liquefied Natural Gas Ltd. (NLNG). Its pres...
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NBS: Cooking Gas Price Increases By 86.62 Percent In One Year
October 23, 2022 No Responses

NBS: Cooking Gas Price Increases By 86.62 Percent In One Year

The average price of 5kg of cooking gas increased from N4,456.56 in August to N4,474.48 in September, the National Bureau of Statistics (NBS) has stated.  It stated in its “Cooking Gas Price Watch’’ for September 2022 released on Saturday in...
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NLNG Reacts To N18.4b Compensation Reports For Host Communities
October 6, 2022 No Responses

NLNG Reacts To N18.4b Compensation Reports For Host Communities

The management of Nigeria LNG Limited  (NLNG) is evaluating the reported Senate resolution which mandated the company to pay host communities N18.4b compensation within two months.   A statement issued on Wednesday by NLNG General Manager, External Rela...
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LNG: TotalEnergies Targets Top Position, Tô Expand Bunker Services
October 5, 2022 No Responses

LNG: TotalEnergies Targets Top Position, Tô Expand Bunker Services

French energy giant, TotalEnergies is ramping up investments in Liquefied Natural Gas (LNG) in a scenario that excludes Russia and is in a ‘very favourable’ position to benefit from the evolution of energy markets as a result of the energy transition....
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