Category: Energy

Seplat Energy CEO Steps Aside
March 11, 2023 No Responses

Seplat Energy CEO Steps Aside

The Chief Executive Officer, Seplat Energy Plc, Mr Roger Brown, has stepped aside from running the company for a period of seven days. The company said in a corporate disclosure made available to Nigerian Exchange Ltd.,(NGX) and signed by its...
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<strong>NNPC Replaces Eroton As Operator Of OML 18</strong>
March 7, 2023 No Responses

NNPC Replaces Eroton As Operator Of OML 18

The management of Nigerian National Petroleum Company (NNPC) Limited has replaced Eroton Exploration and Production Limited as the new operator of oil mining lease (OML) 18. The Chief Corporate Communications Officer, NNPC Ltd, Mr Garbadeen Muhammad,...
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MOMAN Tasks Downstream Operators On Automation
March 5, 2023 No Responses

MOMAN Tasks Downstream Operators On Automation

The Major Oil Marketers Association of Nigeria (MOMAN) on Saturday urged operators in the Nigerian downstream sector to ensure automation of their services. According to the body, their services being automated will help them on data generation, improve produc...
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FG Approves Contracts For Transmission Company Of Nigeria 
March 2, 2023 No Responses

FG Approves Contracts For Transmission Company Of Nigeria 

The Federal Executive Council (FEC) approved the procurement, design, installation and construction contracts and projects for the Transmission Company of Nigeria(TCN) on Wednesday in Abuja. Minister of Power, Alhaji Abubakar Aliyu, told State House correspond...
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Shell, Hapag-Lloyd Seal LNG Deal
February 28, 2023 No Responses

Shell, Hapag-Lloyd Seal LNG Deal

German liner major. Hapag-Lloyd has signed a multi-year agreement for the supply of Liquefied Natural Gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construct...
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NLNG Begins Phase Two  Of Hospital Support Programme
February 22, 2023 No Responses

NLNG Begins Phase Two  Of Hospital Support Programme

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Sylva: Theft, Pipeline Vandalism Responsible For Crude Losses
February 21, 2023 No Responses

Sylva: Theft, Pipeline Vandalism Responsible For Crude Losses

The Minister of State Petroleum Resources, Chief Timipre Sylva has attributed loss of revenue from crude production to theft, pipeline vandalism and decayed infrastructure.  The minister, in a statement on Monday by his Senior Adviser, Media and Communica...
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SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone
February 14, 2023 No Responses

SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone

Nigeria’s first deep-water exploration and production vessel, Bonga, hit a one-billion-barrel oil export mark on Monday.  The Managing Director, Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Mrs Elohor Aiboni, explained in a statement t...
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Oil Falls On Demand Concerns 
February 13, 2023 No Responses

Oil Falls On Demand Concerns 

Oil prices eased on Monday morning after rising 2% in the previous session as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery maintenance in Asia and the United States.  ...
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FEC Approves N117b For Oil Museum  
February 9, 2023 No Responses

FEC Approves N117b For Oil Museum  

The Federal Executive Council (FEC) has approved N117 billion for the construction of Oloibiri oil museum in Bayelsa.  The Minister of State for Petroleum resources, Mr Timipre Sylva, made this known when he briefed State House correspondents on the outco...
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NNPCL Begins Direct Supply Of Petrol To IPMAN 
February 8, 2023 No Responses

NNPCL Begins Direct Supply Of Petrol To IPMAN 

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday disclosed that the management of the Nigerian National Petroleum Company Ltd. (NNPCL) has allocated petrol to its members directly to ease scarcity.  Mr Chinedu Okoronkwo, the N...
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Shell, NDDC To Reconcile Accounts  
February 6, 2023 No Responses

Shell, NDDC To Reconcile Accounts  

The Managing Director of Shell Petroleum Development Company of Nigeria Limited, SPDC, and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, has pledged to work with officials of the Niger Delta Development Commission, NDDC, to reconcile the statu...
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G7, EU Announce Price Cap On Russian Diesel 
February 4, 2023 No Responses

G7, EU Announce Price Cap On Russian Diesel 

The Group of Seven (G7) industrialized countries, the European Union and Australia agreed to limit the price of Russian diesel on Friday.  The new price cap focuses on refined oil products, following up from a previous price cap on Russian...
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Geregu Power Declares 50.5% Drop In Profit  
February 3, 2023 No Responses

Geregu Power Declares 50.5% Drop In Profit  

Geregu Power Plc has reported 50.5 per cent decline in profit as revenue dropped and earnings impaired negatively.     The company, listed on the NGX last year reported N10.17billion profit in 2022 as against N20.55billion in 2021, while profit ...
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