Category: Energy

Blackout In Lagos As Electricity Workers Begin Strike  
August 17, 2022 No Responses

Blackout In Lagos As Electricity Workers Begin Strike  

There was blackout across Lagos State on Wednesday following the nationwide strike by electricity workers under the aegis of the National Union of Electricity Employees (NUEE).   Ikeja Electric Plc and Eko Electricity Distribution Company (EKEDC) confirmed the development in...
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Oil Prices Tumble As China Economy Stutters 
August 16, 2022 No Responses

Oil Prices Tumble As China Economy Stutters 

Oil prices slumped nearly five percent Monday on data showing China’s economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Stock markets mostly steadied and the dollar traded mixed as investors welcome signs of cooling US ...
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Saudi Oil Giant Tops Own Record With $48.4b Profit 
August 15, 2022 No Responses

Saudi Oil Giant Tops Own Record With $48.4b Profit 

Saudi oil giant Aramco has broken its own record with a $48.4bn (£39.8bn) profit for the second quarter of 2022.  It is a 90% year-on-year increase and marks the biggest earnings for the world’s largest energy exporter since its public...
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NLNG Launches GMoU Phase 2 In Rivers State
August 13, 2022 No Responses

NLNG Launches GMoU Phase 2 In Rivers State

Nigeria LNG Limited (NLNG) on Thursday in Port Harcourt launched the second phase of the Global Memoranda of Understanding (GMoU) for its pipeline host communities to actively support community-driven sustainable development.  A statement issued by Acting Man...
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NLNG Denies Involvement In Illegal Gas Export 
August 12, 2022 No Responses

NLNG Denies Involvement In Illegal Gas Export 

The Nigeria Liquefied Natural Gas (NLNG) has denied the allegation that the company was involved in the illegal exportation of LNG or any of its products outside the country.  Mr Andy Odeh, the General Manager, External Relations and Sustainable Development,....
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Shareholders Reinforce Confidence In Oando Management
August 11, 2022 No Responses

Shareholders Reinforce Confidence In Oando Management

Shareholders of Oando Plc have reinforced confidence in the management of the company while urging the government to work with stakeholders to tackle the challenges facing the oil and gas industry.  A statement posted on Oando’s website said the shareholder...
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Status Quo Remains In Share Sale By ExxonMobil To Seplat Energy, Says NUPRC
August 9, 2022 No Responses

Status Quo Remains In Share Sale By ExxonMobil To Seplat Energy, Says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) jas affirmed that the status quo remains with respect to ExxonMobil/Seplat Energy share acquisition.  Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC made this known in a statement on M...
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Shell Staff Get Profits Bonus  
August 6, 2022 No Responses

Shell Staff Get Profits Bonus  

Energy giant Shell is to give its workers a one-off 8% bonus after the company reported record profits from high oil and gas prices.  Most of the 82,000 staff it employs worldwide will get the pay boost but top executives...
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Ministry Inaugurates Committee On Oil, Gas Investment Promotion
July 28, 2022 No Responses

Ministry Inaugurates Committee On Oil, Gas Investment Promotion

The Ministry of Petroleum Resources has inaugurated a committee on the Establishment of an Oil and Gas Investment Promotion Office to spur investment in the sector. Mr Kamoru Busari, Director overseeing the Office of the Permanent Secretary said that having...
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Chevron Nigeria Restates Commitment To Nation’s Zero Emission Goal
July 27, 2022 No Responses

Chevron Nigeria Restates Commitment To Nation’s Zero Emission Goal

Chevron Nigeria Limited has restated its commitment to take deliberate actions in ensuring that the country attains its net zero carbon emission goal by 2060.  Communications Manager, Chevron Nigeria and Mid-Africa, Mr Victor Anyaegbudike,   sa...
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TotalEnergies Begins Production From 50,000bpd Ikike Field
July 26, 2022 No Responses

TotalEnergies Begins Production From 50,000bpd Ikike Field

TotalEnergies, OML99 operator (40 per cent), has announced the start of production from the Ikike field, in Nigeria. TotalEnergies made the announcement in a statement posted on its website and obtained by the News Agency of Nigeria (NAN) on Monday...
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Nigeria’s Crude Oil Production Averaged 1.238m bpd In June
July 13, 2022 No Responses

Nigeria’s Crude Oil Production Averaged 1.238m bpd In June

Nigeria’s crude oil production increased to an average of 1.238 million barrels per day (bpd) in June 2022, the Organisation of the Petroleum Exporting Countries (OPEC) has said  OPEC made this known in its Oil Market Report for July 2022...
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NLNG, Seplat Proffer Solutions To Nigeria’s Gas Crisis 
July 6, 2022 No Responses

NLNG, Seplat Proffer Solutions To Nigeria’s Gas Crisis 

Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria’s gas crisis, especially with the lingering supply shortage and price increment.  The stakeholders identified insecurity, naira depreciation and lack of a workabl...
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NCDMB Partners Shell, Exxon, NAOC On Oil & Gas Parks
July 2, 2022 No Responses

NCDMB Partners Shell, Exxon, NAOC On Oil & Gas Parks

By Moses Ebosele, ebosele@hotmail.com — Major international operating oil and gas companies, notably Shell Petroleum Development Company (SPDC) and Exxon Mobil Nigeria, and the Nigerian Agip Oil Company (NAOC) have made significant investments in suppor...
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