Category: Energy

Oando Declares N32.9b Profit For 2021
September 19, 2023 No Responses

Oando Declares N32.9b Profit For 2021

Oando Plc, on Monday, declared N32.9 billon profit-after-tax in its full-year-ended 2021 financials. A statement explained that 2023 has seen the Company record positive highlights, including the recent announcement of its intent to acquire the Nigeria Agip Oil Company Limited...
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Dana Motors Introduces CNG-Powered Vehicles In Nigeria
September 15, 2023 No Responses

Dana Motors Introduces CNG-Powered Vehicles In Nigeria

In response to rising fuel costs and increasing vehicle expenses, Dana Motors Limited, the exclusive distributor of Kia in Nigeria has announced plans to bring Compressed Natural Gas (CNG) vehicles to the Nigerian market. A statement sent to City Business...
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MOL, Shell Sign Carbon Emissions Liabilities MoU
September 10, 2023 No Responses

MOL, Shell Sign Carbon Emissions Liabilities MoU

Japanese shipping major, Mitsui O.S.K. Lines (MOL) and Shell Marine Products Singapore, a business division of Shell Eastern Trading Pte, have signed a Memorandum of Understanding (MoU) on a joint focus on the advancement of alternative maritime solutions and ...
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Shell, Firms Unveil New Hybrid Electric LNG Carrier Design
September 8, 2023 No Responses

Shell, Firms Unveil New Hybrid Electric LNG Carrier Design

Shell Shipping and Maritime, CSSC Hudong-Zhonghua Shipbuilding and Wärtsilä Marine have launched a new hybrid electric liquified natural gas (LNG) carrier design. Unveiled at this week’s Gastech 2023 in Singapore, the project is a result of a broad industr...
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Ardova CEO, Olu Adeosun, Resigns
September 1, 2023 No Responses

Ardova CEO, Olu Adeosun, Resigns

By Moses Ebosele, ebosele@hotmail.com — Ardova Plc has announced the resignation of its    Chief Executive Officer (CEO), Olu Adeosun with effect from August 31, 2023.  In a statement sent to City Business News, the company explained that...
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JTF Arrest Vessel, 10 Crew Members
August 30, 2023 No Responses

JTF Arrest Vessel, 10 Crew Members

THE Joint Task Force Operation Delta Safe (OPDS), on Tuesday arrested an oil vessel MV Ofuoma and 10 crew members conveying alleged illegally refined petroleum products in Rivers. The Component Commander OPDS, Commodore John Siyanbade, who represented the OPDS...
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Akubuiro, Gomba, Ojomu make 2023 Shortlist of Three for The Nigeria Prize for Literature 
August 29, 2023 No Responses

Akubuiro, Gomba, Ojomu make 2023 Shortlist of Three for The Nigeria Prize for Literature 

The Advisory Board for The Nigeria Prize for Literature has announced the finalists for the 2023 edition of the Prize. The shortlisted plays in alphabetical order of their titles are: The Nigeria Prize for Literature is sponsored by Nigeria LNG...
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Due Process Was Followed In NNPCL $3b Afriexim Bank Loan
August 29, 2023 No Responses

Due Process Was Followed In NNPCL $3b Afriexim Bank Loan

Due process was followed in securing the Nigeria National Petroleum Company Limited (NNPCL) $3 Billion Afriexim bank Loan, an official has said  The $3 billion loan deal, which was signed in Cairo a frothnight ago is to enable the NNPC...
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LNG: Firm Completes Bunkering Operations
August 27, 2023 No Responses

LNG: Firm Completes Bunkering Operations

Low and zero-emission fuels supplier, Titan has performed its first ship-to-ship LNG bunker operations in Hamburg, Germany. The company said it performed its first-ever ship-to-ship LNG bunkering operation in Hamburg to Vox Ariane, Van Oord’s trailing suctio...
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Minister Reiterates FG’s Commitment To End Petroleum Importation, Inspects Port Harcourt Refinery
August 26, 2023 No Responses

Minister Reiterates FG’s Commitment To End Petroleum Importation, Inspects Port Harcourt Refinery

The Nigerian Government on Friday, reiterated its commitment to end petroleum product importation soon, adding that efforts are being redoubled to restore the nation’s local refining capacity. This was made known by the Minister of State for Petroleum Resour...
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LNG’s Plant Strike Push-Up Gas Price
August 22, 2023 No Responses

LNG’s Plant Strike Push-Up Gas Price

The prospect of a possible strike at a Liquefied Natural Gas (LNG) plant in Australia has pushed wholesale gas prices up in Europe. The Offshore Alliance union warned that a strike at the North West Shelf facility could start as...
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Oil Prices Up As Global Supply Drop
August 21, 2023 No Responses

Oil Prices Up As Global Supply Drop

Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth amid high-interest rates. Reuter report that Brent crude climbed 75 cents to $85.55 a barrel...
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$3b NNPCL/Afreximbank’s Naira Rescue Agenda Excites Tinubu
August 21, 2023 No Responses

$3b NNPCL/Afreximbank’s Naira Rescue Agenda Excites Tinubu

President Bola Tinubu is happy that the $3 billion in crude-for-cash funding secured from the African Export-Import Bank (Afreximbank) by the Nigerian National Petroleum Corporation (NNPC) Limited is gradually giving a breather to the foreign exchange market.&...
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TotalEnergies Equips LNG Carrier With Carbon Capture System
August 18, 2023 No Responses

TotalEnergies Equips LNG Carrier With Carbon Capture System

A ship-based carbon capture (SBCC) prototype developed under the EverLoNG project has been installed on an LNG-powered LNG carrier owned by energy major, TotalEnergies while in drydock in Spain. The carbon capture unit was built in the Netherlands by carbon...
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