Category: Energy

NUPENG Begins Strike On Monday
October 10, 2021 No Responses

NUPENG Begins Strike On Monday

The National Union of Petroleum and Natural Gas Workers (NUPENG) says its Petroleum Tanker Drivers (PTD) will commence strike on Monday over the deplorable state of the nation’s highways and other issues.  Mr Tayo Aboyeji, the South-West Zonal Chairman of...
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CAC: NNPC Share Capital Of N200b Highest In Nigeria
October 9, 2021 No Responses

CAC: NNPC Share Capital Of N200b Highest In Nigeria

The Corporate Affairs Commission (CAC) says the Nigerian National Petroleum Company (NNPC) Limited had made history for being the company with the highest share capital in the country.  The Registrar General, Corporate Affairs Commission, Alhaji Garba Abu...
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Oil At 7-Year High As OPEC Decides On Increase
October 5, 2021 No Responses

Oil At 7-Year High As OPEC Decides On Increase

Oil prices jumped Monday after OPEC and allied oil-producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November.   The decision Monday by the Vienna-based oi...
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Seplat Energy Begins Supply Of Power To Oben Cottage Hospital In Edo
October 4, 2021 No Responses

Seplat Energy Begins Supply Of Power To Oben Cottage Hospital In Edo

As part of its continuous community development programmes, Seplat Energy Plc has commissioned a project for power supply to Oben Cottage Hospital from its Oben gas facility at Oben Orhionmwon Local Government Area of Edo State   Seplat in a statement...
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TotalEnergies Floats Electric Mobility Firm
September 29, 2021 No Responses

TotalEnergies Floats Electric Mobility Firm

TotalEnergies has signed an agreement with China Three Gorges Corporation to establish a joint venture in electric mobility in China.The venture will develop electric vehicle (EV) high-power charging infrastructure and services, TotalEnergies said.“T...
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TotalEnergies To Buy Back $1.5b Shares
September 29, 2021 No Responses

TotalEnergies To Buy Back $1.5b Shares

The management of French energy firm,   TotalEnergies, on Tuesday, disclosed plans to buy back $1.5 billion of its shares in the fourth quarter and boost its investment in renewable energy with the help of high oil prices.   “TotalEnergies is c...
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TotalEnergies Projects Rise In Renewable Energy Use
September 28, 2021 No Responses

TotalEnergies Projects Rise In Renewable Energy Use

French company TotalEnergies has said it expected a big rise in renewable-based electricity, solar, and wind forms of energy, partly due to a general increase in electrification in the industrial and business world.TotalEnergies added it expected that oil, i...
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Nigeria In Talks With OPEC+, To Raise Quota
September 22, 2021 No Responses

Nigeria In Talks With OPEC+, To Raise Quota

Nigeria is in talks with OPEC+ to raise its oil production quota to about 2.2 million barrels per day, the OPEC member’s petroleum minister told reporters on Tuesday in Dubai.“What we’re getting right now is 1.74 million barrel...
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NLNG Explains Cooking Gas Shortage
September 22, 2021 No Responses

NLNG Explains Cooking Gas Shortage

The Nigeria LNG Limited (NLNG) on Tuesday said marketers were unable to offtake the full 450,000MTPA of Liquefied Petroleum Gas (LPG) allocated to the Nigerian market by the company due to various factors.  The News Agency of Nigeria (NAN) reports...
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Total Energies, NNPC To Strengthen Partnership
September 18, 2021 No Responses

Total Energies, NNPC To Strengthen Partnership

The Nigerian National Petroleum Corporation (NNPC) is to strengthen its partnership with TotalEnergies as part of measures to effectively deliver services to stakeholders.   The Group Managing Director, NNPC, Malam Mele Kyari, disclosed this when the new...
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Shell Restates Commitment To Research, Development In Nigeria
September 17, 2021 No Responses

Shell Restates Commitment To Research, Development In Nigeria

Energy giant, Shell, has said its research and development strategy is aligned with Nigeria’s 10-year strategic roadmap for local content being implemented by the Nigerian Content Development and Monitoring Board (NCDMB).  Managing Director of the deep-...
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DPR Seals 11 Gas Plants
September 17, 2021 No Responses

DPR Seals 11 Gas Plants

The Department of Petroleum Resources (DPR), in Abuja, on Thursday sealed 11 illegal gas plants and two filling stations over sharp practices.  The News Agency of Nigeria (NAN) reports that the Liquified Petroleum Gas (LPG) — also known as cooking...
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Crude Oil Prices Extend Gains
September 16, 2021 No Responses

Crude Oil Prices Extend Gains

Oil prices climbed on Thursday morning, extending the previous day’s solid gains after a larger-than-expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer. Brent crude oil rose 18 cents, or 0.2%, to $75.64 a.....
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ExxonMobil Contributes N67.5b To NDDC
September 15, 2021 No Responses

ExxonMobil Contributes N67.5b To NDDC

Between 2001 and June 202O, the Multinational oil company, ExxonMobil, based in Mkpanak, Ibeno Local Government Area of Akwa Ibom State, contributed N67.5 billion to the Niger Delta Development Commission (NDDC).   Speaking at an interactive session with Jou...
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