Category: Energy

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 shareholders...
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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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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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