Category: Energy

Shell Resumes Exports At Forcados Terminal
August 15, 2023 No Responses

Shell Resumes Exports At Forcados Terminal

Nigeria’s crude oil export is set to rise as Shell Petroleum Development Company (SPDC) has announced that exports of Nigeria’s Forcados grade of crude oil have resumed. Shell spokesperson told Reuters on Monday that the loading had resumed roughly a...
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Oil Prices Drop Amid Concerns Over China’s Economy
August 14, 2023 No Responses

Oil Prices Drop Amid Concerns Over China’s Economy

Oil prices eased on Monday as concerns about China’s faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. Reuters report that Brent crude futures fell 73 cents, or 0.84%,...
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Gas Retailers Task FG On More LPG Local Production
August 12, 2023 No Responses

Gas Retailers Task FG On More LPG Local Production

THE Liquefied Petroleum Gas Retailers (LPGAR) has suggested to the Federal Government to establish more local LPG production plants, and encourage storage and transportation of the product to avert price hike. Mr Ayobami Olarinoye, the Branch National Chairman...
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Edo Begins Recertification Exercise For Gas, Petrol Stations
August 12, 2023 No Responses

Edo Begins Recertification Exercise For Gas, Petrol Stations

The Edo State Government through the State’s Ministry of Physical Planning, Housing, Urban and Regional Development, has kicked off a recertification exercise for gas and petrol stations in the State. In a statement, the Permanent Secretary, Edo State Minist...
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MSC Makes Fresh Order For Ten LNG-Powered Containerships
August 9, 2023 No Responses

MSC Makes Fresh Order For Ten LNG-Powered Containerships

The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build te...
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World Bank To Fund 1,000 Solar Power Grids In Nigeria
August 6, 2023 No Responses

World Bank To Fund 1,000 Solar Power Grids In Nigeria

The World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and private sector, the lender’s president Ajay Banga said on Saturday. Nigeria, with a popula...
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NDDC Partners NLNG, To Sign MoU
August 2, 2023 No Responses

NDDC Partners NLNG, To Sign MoU

The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas (NLNG) are set to sign a Memorandum of Understanding (MoU) in furtherance of efforts to drive sustainable development in the Niger Delta region.  Speaking at the NDDC...
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Seplat Energy CEO: Energy Access Will Be Biggest Driver Of Social, Economic Development In Africa
August 2, 2023 No Responses

Seplat Energy CEO: Energy Access Will Be Biggest Driver Of Social, Economic Development In Africa

Access to affordable, reliable and sustainable energy is crucial if Africa is to achieve all 17 United Nations Sustainable Development Goals (SDGs), and energy access will be the biggest driver of social and economic development in Africa going forward, the...
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Edo To Meet Stakeholders On Regulation Of Petrol, Gas
July 23, 2023 No Responses

Edo To Meet Stakeholders On Regulation Of Petrol, Gas

The Edo State Government is to meet with stakeholders on Thursday, July 27, 2023, as part of steps to implement the Benin City and Edo State Regional Development Masterplans. In a statement, Commissioner for Physical Planning, Housing, Urban and Regional ...
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NNPCL Pays N123b Interim Dividend To FAAC
July 22, 2023 No Responses

NNPCL Pays N123b Interim Dividend To FAAC

As part of measures to consolidate its post Petroleum Industry Act (PIA) 2021 status as an income generating company, the Nigerian National Petroleum Company Limited (NNPCL), on Thursday commenced the payment of interim dividend and PSC profit oil into the...
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Eleven Jostle For $100,000 Nigeria Prize For Literature
July 21, 2023 No Responses

Eleven Jostle For $100,000 Nigeria Prize For Literature

The Advisory Board for The Nigeria Prize for Literature on Thursday announced the longlist of 11 drawn from 143 plays in the running for the 2023 edition of the prize. The genre in focus is Drama.The literature prize is sponsored...
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Shell Partners Firm On Maritime Decarbonisation
July 20, 2023 No Responses

Shell Partners Firm On Maritime Decarbonisation

United Kingdom design and engineering consultancy company Houlder and Shell International Trading and Shipping Company Limited (Shell) have agreed to work together to identify, evaluate, and further develop solutions to accelerate the decarbonisation of the ma...
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NNPC Explains Increase In Fuel Price
July 19, 2023 No Responses

NNPC Explains Increase In Fuel Price

The Nigerian National Petroleum Company Ltd,  has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities. The company’s Group Chief Executive Officer, Malam Mele Kyari, stated this in an interview...
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Petrol Pump Price Climbs to 617, 700 Naira in Lagos, Abuja
July 18, 2023 No Responses

Petrol Pump Price Climbs to 617, 700 Naira in Lagos, Abuja

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