Category: Energy

IPMAN To Members: Revert To Old Price Of N170
March 13, 2021 No Responses

IPMAN To Members: Revert To Old Price Of N170

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the South East zone to revert to the old price of N170 and N175 per litre.  Mr Chinedu Anyaso, Chairman of IPMAN Enugu Community Depot in charge...
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Shell Charters Ten LNG-Fueled Vessels
March 12, 2021 No Responses

Shell Charters Ten LNG-Fueled Vessels

The Hague-based Shell has signed agreements to charter ten new crude tankers powered by dual-fuel liquefied natural gas (LNG) engines.  Four of the very large crude carriers (VLCCs) have been chartered from Advantage Tankers, three from AET and three...
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FG Approves $526m For Power Projects In Abia, Imo, Benue
March 11, 2021 No Responses

FG Approves $526m For Power Projects In Abia, Imo, Benue

The Federal Government on Wednesday approved $526 million for power projects in Abia, Imo and Benue.  The Federal Executive Council at its weekly meeting also approved N190.5 million for the purchase of a microscope by the University of Ibadan.  Mini...
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NLNG Bags Gas Company Of The Year Award
March 11, 2021 No Responses

NLNG Bags Gas Company Of The Year Award

The Nigeria Liquified Natural Gas Limited (NLNG) has won the Gas Company of the Year Award at the recently concluded 12th Nigerian Gas Association (NGA) Biennial International Conference and Awards event.  NLNG in a statement issued by Dr Sophia Horsfall,...
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Oil Extends Gains On OPEC Supply Restraint
March 5, 2021 No Responses

Oil Extends Gains On OPEC Supply Restraint

 Oil prices rose early on Friday, adding to big gains overnight after OPEC and its allies agreed to not increase supply in April as they await a more solid recovery in demand from the coronavirus pandemic.U.S. West Texas Intermediate (WTI) crude futures cl...
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Nigeria, Morocco Seal $1.4b Gas Deal
March 4, 2021 No Responses

Nigeria, Morocco Seal $1.4b Gas Deal

The Federal Government has signed a $1.4 billion  agreement with OCP Group of Morocco to produce ammonia and diammonium phosphate in the gas industrialisation strategy.  A statement issued on Wednesday by Mr Titilope Olubiyi, Communications Offi...
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Total Secures LNG License
March 2, 2021 No Responses

Total Secures LNG License

The Maritime and Port Authority of Singapore (MPA) said it has granted its third LNG bunker supplier license to Total Marine Fuels.  The port authority noted in a statement that the license is for a five-year term starting January 1,...
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Nigeria Partners Egypt On Siemens Power Project
March 2, 2021 No Responses

Nigeria Partners Egypt On Siemens Power Project

President Muhammadu Buhari has directed the Ministry of Power to collaborate with the Egyptian government on the effective implementation of the Presidential Power Initiative also identified as the Siemens Project.  Special Adviser, Media and Communicatio...
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NNPC Cautions Against Panic Buying
March 1, 2021 No Responses

NNPC Cautions Against Panic Buying

The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor Spirit (PMS) also known as petrol, saying it has no plan to increase the ex-depot price in March.  In a statement issued by its spokesman,....
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Seplat Wins NGA Award, Explains Gas Business Sustainability, Growth
February 28, 2021 No Responses

Seplat Wins NGA Award, Explains Gas Business Sustainability, Growth

Seplat Petroleum Development Company Plc has identified its fast-growing gas business as a strong catalyst for sustainable development in Nigeria.  Mr. Roger Brown, Chief Executive Officer, SEPLAT, described this drive as a revolution, indicating that the...
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Shell-Chartered LNG Vessel Completes Milestone Loading
February 27, 2021 No Responses

Shell-Chartered LNG Vessel Completes Milestone Loading

Belgian inland transportation specialist, Victrol, on Friday said LNG London completed its 100th loading at the Gate LNG terminal in the Dutch port of Rotterdam. Victrol stressed in its brief statement through its social media channels, that the vessel has...
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Bayelsa Seeks Private Investors For Modular Refinery
February 13, 2021 No Responses

Bayelsa Seeks Private Investors For Modular Refinery

The Bayelsa  Government is shopping for investors to establish a modular refinery as part of measures to fasttrack socio-economic development of the State. The Technical Adviser to the Governor on Investment, Dr Jonathan Obue...
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Adegbulugbe, Alibe, Olojede In Court Over Ownership Of Green Energy Ltd
February 11, 2021 No Responses

Adegbulugbe, Alibe, Olojede In Court Over Ownership Of Green Energy Ltd

A former Special Adviser on Energy in the Olusegun Obasanjo administration, Prof. Anthony Adegbulugbe, and two directors of Green Energy International Ltd have dragged themselves before a Federal High Court in Abuja over the ownership of the oil company. ...
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Nigeria Approves First Floating LNG Production Plant Licence
February 9, 2021 No Responses

Nigeria Approves First Floating LNG Production Plant Licence

The Department of Petroleum Resources (DPR) in Nigeria has issued Licence to Establish (LTE) the first floating Liquefied Natural Gas (LNG) production plant to UTM Offshore Ltd, an indigenous oil and gas company.  A statement issued on Monday by Mr...
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