Category: Energy

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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MISC,  ExxonMobil Unit, Strengthen LNG Carrier Deal 
October 2, 2022 No Responses

MISC,  ExxonMobil Unit, Strengthen LNG Carrier Deal 

MISC Berhad (MISC), owner and operator of Liquefied Natural Gas (LNG) carriers, has strengthened its partnership with ExxonMobil’s unit SeaRiver Maritime with new long-term time charter contracts.  Meanwhile, MISC has also signed an agreement with ...
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NNPC Acquires OVH Energy Marketing Assets
October 2, 2022 No Responses

NNPC Acquires OVH Energy Marketing Assets

The Nigerian National Petroleum Company Limited (NNPC LTD.) has completed the acquisition of OVH Energy Marketing Limited (OVHEM) downstream assets under an Accelerated Network Expansion (ANEX) Initiative. Unveiling the acquisition on Saturday in Abuja, Sen. M...
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Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021
September 28, 2022 No Responses

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com   — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95  per cent increase from the 2020 revenue of N181.66 billion, whilst the group revenue closed a...
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Shell Targets 10,000 Electric Vehicle Charging Points Across India
September 17, 2022 No Responses

Shell Targets 10,000 Electric Vehicle Charging Points Across India

Shell plans to set up more than 10,000 electric vehicles (EV) charging points in India by 2030. Already, Shell has launched its first EV chargers in India, for the four-wheeler and two-wheeler segments in Bengaluru.  India is the first market for...
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Oil Dips On Weak Demand Fear, Strong Dollar
September 16, 2022 No Responses

Oil Dips On Weak Demand Fear, Strong Dollar

Oil prices drifted lower on Thursday as weak demand concerns over a large build in the crude inventory in the United States plus a strong dollar overtook potential supply disruption as the centre of focus, Reuters reported.  The main Brent...
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Shell To Resume TNP Pipeline Test
September 15, 2022 No Responses

Shell To Resume TNP Pipeline Test

Shell Petroleum Development Company of Nigeria Limited (SPDC) is planning to resume the testing of its main trunkline, the Trans Niger Pipeline (TNP).  A competent source, who pleaded anonymity, confirmed the development to the News Agency of Nigeria (NAN...
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Shell Secures $ 1 billion LNG Deal
September 1, 2022 No Responses

Shell Secures $ 1 billion LNG Deal

Shell has sealed ten-year marine Liquefied Natural Gas (LNG) sales and purchase agreement with Israeli container shipping company,  ZIM  valued at more than $1 billion. According to World Maritime News, the LNG is intended for ten LNG-...
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Oil Slides More Than $7 On Inflation, Iraq Exports
August 31, 2022 No Responses

Oil Slides More Than $7 On Inflation, Iraq Exports

Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent...
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FG Inaugurates Gas Infrastructure Fund Council
August 31, 2022 No Responses

FG Inaugurates Gas Infrastructure Fund Council

The Federal Government on Tuesday inaugurated the Governing Council of the Midstream and Downstream Gas Infrastructure Fund (MDGIF).  Chief Timipre Sylva, Minister of State, Petroleum Resources, inaugurated the nine-member council, in Abuja, to fix the cr...
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TotalEnergies, COSCO In Milestone Biofuel Bunkering Operation
August 26, 2022 No Responses

TotalEnergies, COSCO In Milestone Biofuel Bunkering Operation

TotalEnergies Marine Fuels has completed the first refuelling of a COSCO Shipping Lines containership with sustainable marine biofuel. This is TotalEnergies’ first biofuel bunkering operation for a containership in Singapore. According to World Maritime News...
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Oil Prices Rise On Possible OPEC Supply Cuts
August 25, 2022 No Responses

Oil Prices Rise On Possible OPEC Supply Cuts

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery. Brent crude rose 59 cents, or 0.6%, to $101.81...
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