Category: Energy

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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LNG: Shell, CMA CGM Seal Supply Deal
June 30, 2022 No Responses

LNG: Shell, CMA CGM Seal Supply Deal

French shipping giant, CMA CGM Group and oil and gas company, Shell have entered into agreements to work together towards accelerating the decarbonisation of the marine sector.  Specifically, the partners have signed a multi-year deal for the supply ...
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NLNG Reiterates Commitment To 100% LPG Production For Domestic Market 
June 24, 2022 No Responses

NLNG Reiterates Commitment To 100% LPG Production For Domestic Market 

Nigeria LNG Limited has reiterated its commitment to 100% of its Liquefied Petroleum Gas (LPG) production to the domestic market to support the growth of LPG utilisation in the country and help reduce the health, safety and environmental risks associated...
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Samsung Wins $3b Contract For 14 LNG Carriers 
June 23, 2022 No Responses

Samsung Wins $3b Contract For 14 LNG Carriers 

South Korean shipbuilder, Samsung Heavy Industries (SHI) has received orders for the construction of a total of fourteen Liquefied Natural Gas (LNG) carriers.  According to World Maritime News, on 21 June, 2022, SHI won an order from an undisclosed Bermud...
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Senate Probes Shell, Seeks Refund Of $200m To FG
June 23, 2022 No Responses

Senate Probes Shell, Seeks Refund Of $200m To FG

The Senate, on Wednesday at plenary constituted an Ad Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and violation of the Joint Venture Agreement entered with the Federal Government.  The Ad...
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Energy Transition: NCDMB Boss Seeks Intensive Petroleum Education
June 20, 2022 No Responses

Energy Transition: NCDMB Boss Seeks Intensive Petroleum Education

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, has urged the Federal Government and other stakeholders to adopt a strategy to overcome the challenges of energy transition.  A statement issued on Sunday...
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Nigeria’s Crude Oil Production Increases By 70,000bpd
June 1, 2022 No Responses

Nigeria’s Crude Oil Production Increases By 70,000bpd

Nigeria’s crude oil production increased by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday.  The document, which was obtained by the News Agency of Nigeria (NAN) in Lagos, showed that the country’s crude oil...
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At NCDMB Summit, FG Seeks Domestic Refining Capacity Synergy
May 24, 2022 No Responses

At NCDMB Summit, FG Seeks Domestic Refining Capacity Synergy

By Moses Ebosele, ebosele@hotmail.com   — The Federal Government has called for synergy among stakeholders in the midstream and downstream sector as part of measures to strengthen local content and boost the country’s domestic refining capacity. In ...
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Heirs Oil & Gas Reiterates Global ESG Best Practices Commitment
May 24, 2022 No Responses

Heirs Oil & Gas Reiterates Global ESG Best Practices Commitment

Heirs Oil & Gas, Africa’s integrated energy company has reaffirmed its commitment to both national and global environmental, sustainability and governance (ESG) best practices in view of its upcoming operational 1-year anniversary. &n...
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Shell Inaugurates Oloibiri Health Programme Phase-2 
May 24, 2022 No Responses

Shell Inaugurates Oloibiri Health Programme Phase-2 

Energy company, Shell, has inaugurated the second and final phase of its comprehensive health care projects for Oloibiri and other communities in Ogbia Local Government area of Bayelsa State.  “Corporate Social Responsibility means doing well. What you ...
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Seplat Energy Appoints Basil Omiyi Non-Executive Chairman
May 20, 2022 No Responses

Seplat Energy Appoints Basil Omiyi Non-Executive Chairman

Seplat Energy PLC, a leading Nigerian energy company dual listed on both the Nigerian and the London Stock Exchanges has appointed  Mr. Basil Omiyi, CON, the Company’s new Independent Non-Executive Chairman.  A statement expained that his ...
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Seplat Post $177m Pre-Tax Profit For 2021
May 19, 2022 No Responses

Seplat Post $177m Pre-Tax Profit For 2021

Seplat Energy Plc has recorded a pre-tax profit of $177million for the year ended December 2021, amounting to 321 per cent higher than the $80 million recorded by the company, which is listed on the Nigerian Exchange and the London...
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