Category: Energy

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 Bermuda-based...
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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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Sylva Lauds Seplat On Exxon Mobil Shares Acquisition
May 18, 2022 No Responses

Sylva Lauds Seplat On Exxon Mobil Shares Acquisition

Minister of State, Petroleum Resources, Chief Timipre Sylva has commended Seplat Energy Plc on its recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation, Delaware, United States of America.&...
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Heirs Oil & Gas’ OML 17wins PFI Africa Deal Of The Year 
May 18, 2022 No Responses

Heirs Oil & Gas’ OML 17wins PFI Africa Deal Of The Year 

Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’byProject Finance International (PFI), following the $1.1 billion financing and acquisition of45% stake in OML 17 in 2021. The award ceremony which took placeon Monday,...
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NLNG At 33, Counts Gains
May 17, 2022 No Responses

NLNG At 33, Counts Gains

By Moses Ebosele, ebosele@hotmail.com The Nigeria Liquefied Natural Gas (NLNG) has reiterated its commitment to provide cleaner energy to Nigeria and the world.  In a message to mark 33 years of existence on Tuesday, the Managing Director/Chief Execu...
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Samsung Secures Order For 11 New LNG Carriers
May 17, 2022 No Responses

Samsung Secures Order For 11 New LNG Carriers

South Korean shipbuilders Korea Shipbuilding & Offshore Engineering and Samsung Heavy Industries have won orders for a total of seven new LNG carriers.   On 17 May, KSOE said it won a $910 million (1.17 trillion KRW) order to construct...
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NCDMB To Host Summit On Midstream, Downstream Operations
May 17, 2022 No Responses

NCDMB To Host Summit On Midstream, Downstream Operations

 By Moses Ebosele, ebosele@hotmail.com The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to host the maiden edition of the Nigerian Content Midstream/Downstream Oil & Gas Stakeholders Summit, with theme, Maximizing...
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