Category: Energy

OPEC To Sustain Supply Adjustments For Oil Market
December 6, 2021 No Responses

OPEC To Sustain Supply Adjustments For Oil Market

The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, Secretary-General, Mohammad Barkindo, declared at the weekend.“We will continue to do what we know best to ensure we attain stability in the oil market on...
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Shell Closes Prelude Floating LNG
December 4, 2021 No Responses

Shell Closes Prelude Floating LNG

Shell has shut down its Prelude Floating Liquefied Natural Gas (FLNG) facility offshore Western Australia due to a fire incident.  Shell operates the Prelude FLNG, located at Browse Basin, 475 kilometres from Broome in Western Australia.  S...
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Oil Rises Ahead Of OPEC Meeting
December 2, 2021 No Responses

Oil Rises Ahead Of OPEC Meeting

Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant.U.S. West Texas Intermediate (WTI) crude...
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Shell Implores Nigeria On Two-Pronged Energy Transition Strategy
November 29, 2021 No Responses

Shell Implores Nigeria On Two-Pronged Energy Transition Strategy

The Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, has advised that Nigeria should adopt a two-pronged strategy for its energy transition programme in response to global call to reduce exploitation of fossil fuels and production of ...
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Oil Dips, Awaits OPEC+ Response To U.S.-Led Oil Release
November 26, 2021 No Responses

Oil Dips, Awaits OPEC+ Response To U.S.-Led Oil Release

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. U.S. West Texas...
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US To Release Oil Reserves
November 24, 2021 No Responses

US To Release Oil Reserves

The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices.  The move is being taken in parallel with other major oil-consuming nations, including China,...
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Crude Oil Hovers Above Six-Week Low
November 19, 2021 No Responses

Crude Oil Hovers Above Six-Week Low

Oil prices rose slightly on Thursday after dropping to six-week lows as investors wondered about how much crude major economies would release from their strategic reserves and how much that would ease global crude demand pressures. Prices fell to six-week...
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Orjiako Steps Down As Seplat Energy Chairman
November 17, 2021 No Responses

Orjiako Steps Down As Seplat Energy Chairman

By Moses Ebosele, ebosele@hotmail.com   —  Dr. A.B.C. Orjiako has stepped  down as Chairman and from the Board of Directors of Seplat Energy Plc.    Orjiako’s decision to step down is coming about one week after the res...
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Shell Moves HQ To UK, To Change Name, Revamp Share Structure
November 16, 2021 No Responses

Shell Moves HQ To UK, To Change Name, Revamp Share Structure

Royal Dutch Shell plans to move its headquarters to Britain, simplify its share structure and change its name as part of an overhaul that executives say will better position the oil and gas giant’s transition to a cleaner energy business. ...
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OPEC To Sustain Cautious Oil Production
November 15, 2021 No Responses

OPEC To Sustain Cautious Oil Production

The Organization of the Petroleum Exporting Countries (OPEC) and allied oil-producing countries rebuffed pressure from U.S. President Joe Biden to pump significantly more oil and lower gasoline prices for American drivers, deciding to stick with...
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Seplat Energy Director Resigns
November 13, 2021 No Responses

Seplat Energy Director Resigns

By Moses Ebosele, ebosele@hotmail.com — Citing personal reasons, an Independent Non-Executive Director (INED) of Seplat Energy Plc, Mr. Xavier Rolet, KBE, has stepped down from the Board of the company with effect from November 11, 2021.   The...
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Shell Restarts Production At Offshore Gulf Of Mexico
November 6, 2021 No Responses

Shell Restarts Production At Offshore Gulf Of Mexico

Shell said on Friday it had restarted production at its offshore Mars and Ursa in the Gulf of Mexico and began exporting oil and gas through a transfer facility, which was shut due to damage from Hurricane Ida. The oil...
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Indigenous Firms Invest $10b In Oil, Gas Production
November 5, 2021 No Responses

Indigenous Firms Invest $10b In Oil, Gas Production

The Independent Petroleum Producers Group (IPPG) says its members have invested about 10 billion dollars in oil and gas production in Nigeria from 2003 till date.  The group, made up of 24 indigenous oil and gas companies, also pledged to...
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NLNG Explains Agenda To Boost LPG Domestic Market Supplies
November 3, 2021 No Responses

NLNG Explains Agenda To Boost LPG Domestic Market Supplies

By Moses Ebosele, ebosele@hotmail.com  As part of measures to crash rising price of Liquefied Petroleum Gas(LPG) also identified as cooking gas, the Nigeria Liquefied Natural Gas (NLNG) has resolved to cut its LPG exports and...
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