Energy Archives — Page 30 of 81

March 10, 2022 No Responses

Oil Prices Plunge As UAE Supports Supply Boost

Oil prices have plunged after the United Arab Emirates said it supported increasing production. Brent crude, an international benchmark, fell more than 17% at one point after the statement by the UAE, a member of the powerful oil cartel Opec. ...

March 10, 2022 No Responses

Why Nigeria Is Unable To Meet OPEC Quota, By Sylva

Minister of State for Petroleum Resources, Chief Timipre Sylva, has attributed the inability of Nigeria to meet the Organisation of Petroleum Exporting Countries (OPEC) quota to lack of investments in oil and gas sector. Nigeria’s OPEC quota is pegged ...

March 8, 2022 No Responses

NLNG Commissions Consulate On Bonny Island

The consulate building was the seat of the British colonial administration in 1897, with a district commissioner and other administrative offices. In 2019, NLNG flagged off the construction of the building to restore the memory of the ancient monument. T...

March 7, 2022 No Responses

Oil Price Soars To Highest Level In 14 Years

Oil prices have soared to the highest level since 2008 after the US said it was discussing a potential embargo on Russian supplies with its allies. Brent crude – the global oil benchmark – spiked to above $139 a barrel,...

March 7, 2022 No Responses

Shell Defends Decision To Buy Russian Crude Oil

Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine. The oil giant said in a statement that the decision to purchase the fuel at a discounted price was “difficult”. It confirmed ...

March 4, 2022 No Responses

NLNG Outlines Strategies For Achieving Decade Of Gas Initiative

The Nigeria LNG Ltd (NLNG) has outlined key strategies that needs to be implemented for Nigeria to achieve the objective of the Decade of Gas initiative. Mr Philip Mshelbila, Managing Director, NLNG, made this known at the 5th Nigeria International...

March 3, 2022 No Responses

Shell, NNPC, Totalenergies, NAOC, Dangote Fertilizer Seal Gas Supply Deal

Leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners – Nigerian National Petroleum Corporation Limited (NNPC), Totalenergies EP Nigeria Limited, and Nigerian Agip Oil Company (NAOC) – on W...

March 2, 2022 No Responses

Nigeria Signs Natural Gas MoU With Equatorial Guinea

Nigeria and Equatorial Guinea on Tuesday signed landmark Memorandum of Understanding (MoU) to supply gas from Nigerian offshore fields to the neighbouring Equatorial Guinea Gas Processing Facility at Punta Europa. A statement sent to City Business News expla...

March 2, 2022 No Responses

Can LNG Replace Russian Gas In Europe?

By Ed Cox, Head of Global LNG at ICIS — LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals...

March 1, 2022 No Responses

NLNG, NCDMB, SNEPCo, Chevron, TotalEnergies, Others Bag Awards At 2022 NIES

The Nigeria LNG Company Ltd. (NLNG) has won the 2021 Gas Infrastructure Project Company of the year award in the Nigeria oil and gas sector. The award was conferred on the company at the gala night of the fifth Nigeria...

February 28, 2022 No Responses

BP To Offload Stake In Russian Oil Firm

BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft after Russia’s “act of aggression in Ukraine”. The oil giant had come under pressure from the UK government to make the move since Thursday’s invasion. It h...

February 27, 2022 No Responses

Minister: NIES Outcomes Have Yielded Critical Development

The Federal Government says outcomes from the past edition of the Nigerian International Energy Summit (NIES) have been embraced and utilised by the government, policymakers and oil and gas industry to effect development. Chief Timipre Sylva, Minister of Sta...

February 24, 2022 No Responses

NLNG Appoints Ogunleye Deputy Managing Director

By Moses Ebosele, ebosele@hotmail.com — The Board of Directors, Nigeria LNG (NLNG) has approved the appointment of Mr Olalekan Ogunleye as Deputy Managing Director of the company. A statement issued on Wednesday by Mr Andy Odeh, General M...

February 23, 2022 No Responses

Oil Prices Surge As Ukraine-Russia Tension Climb

Oil and gas prices climbed on Tuesday on fears the Ukraine-Russia crisis will disrupt supplies across the world. The price of Brent crude oil, an international benchmark, touched a seven-year high of more than $99 (£73) a barrel after President Vla...

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Category: Energy