Category: Energy

NLNG Joins U.N. Group To Reduce Methane Emissions, Pursues Decarbonisation
March 23, 2023 No Responses

NLNG Joins U.N. Group To Reduce Methane Emissions, Pursues Decarbonisation

Nigeria LNG Limited (NLNG) has joined the Oil and Gas Methane Partnership (OGMP 2.0), a partnership coordinated by the United Nations Environment Programme (UNEP) to reduce methane emissions and improve the accuracy and transparency of methane emissions reporting. A statement...
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Oil Edges Up On Historic Swiss Banks Deal
March 20, 2023 No Responses

Oil Edges Up On Historic Swiss Banks Deal

Oil prices rose on Monday after suffering their biggest weekly loss in months as UBS struck a deal to buy Credit Suisse and some of the world’s largest central banks sought to reassure and stabilise global financial markets. Brent crude...
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Shell Lifts Force Majeure On Bonny Light Crude Exports
March 16, 2023 No Responses

Shell Lifts Force Majeure On Bonny Light Crude Exports

The Shell Petroleum Development Company of Nigeria Ltd., (SPDC), operator of the SPDC joint venture, has lifted the force majeure on Bonny export programme with effect from March 15, 2023. Mrs Bola Essien-Nelson, the Media Relations Manager of SPDC, confirmed....
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OPEC Raises Chinese Oil Demand Growth Forecast
March 15, 2023 No Responses

OPEC Raises Chinese Oil Demand Growth Forecast

The Organization of Petroleum Exporting Countries (OPEC) on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country’s COVID-19 curbs, although it left the global total steady, citing potential downside r...
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Edo Refinery Orders 150,000 Barrels Of Crude
March 13, 2023 No Responses

Edo Refinery Orders 150,000 Barrels Of Crude

The Edo Refinery has placed an order for the supply of 150,000 barrels of crude from Decklar Resources Inc and Millennium Oil and Gas Company.  The refinery was developed by the Edo Refinery and Petrochemical Company Limited (ERPC) wit...
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Seplat Energy CEO Steps Aside
March 11, 2023 No Responses

Seplat Energy CEO Steps Aside

The Chief Executive Officer, Seplat Energy Plc, Mr Roger Brown, has stepped aside from running the company for a period of seven days. The company said in a corporate disclosure made available to Nigerian Exchange Ltd.,(NGX) and signed by its...
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<strong>NNPC Replaces Eroton As Operator Of OML 18</strong>
March 7, 2023 No Responses

NNPC Replaces Eroton As Operator Of OML 18

The management of Nigerian National Petroleum Company (NNPC) Limited has replaced Eroton Exploration and Production Limited as the new operator of oil mining lease (OML) 18. The Chief Corporate Communications Officer, NNPC Ltd, Mr Garbadeen Muhammad,...
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MOMAN Tasks Downstream Operators On Automation
March 5, 2023 No Responses

MOMAN Tasks Downstream Operators On Automation

The Major Oil Marketers Association of Nigeria (MOMAN) on Saturday urged operators in the Nigerian downstream sector to ensure automation of their services. According to the body, their services being automated will help them on data generation, improve produc...
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FG Approves Contracts For Transmission Company Of Nigeria 
March 2, 2023 No Responses

FG Approves Contracts For Transmission Company Of Nigeria 

The Federal Executive Council (FEC) approved the procurement, design, installation and construction contracts and projects for the Transmission Company of Nigeria(TCN) on Wednesday in Abuja. Minister of Power, Alhaji Abubakar Aliyu, told State House correspond...
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Shell, Hapag-Lloyd Seal LNG Deal
February 28, 2023 No Responses

Shell, Hapag-Lloyd Seal LNG Deal

German liner major. Hapag-Lloyd has signed a multi-year agreement for the supply of Liquefied Natural Gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construct...
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NLNG Begins Phase Two  Of Hospital Support Programme
February 22, 2023 No Responses

NLNG Begins Phase Two  Of Hospital Support Programme

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Sylva: Theft, Pipeline Vandalism Responsible For Crude Losses
February 21, 2023 No Responses

Sylva: Theft, Pipeline Vandalism Responsible For Crude Losses

The Minister of State Petroleum Resources, Chief Timipre Sylva has attributed loss of revenue from crude production to theft, pipeline vandalism and decayed infrastructure.  The minister, in a statement on Monday by his Senior Adviser, Media and Communica...
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SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone
February 14, 2023 No Responses

SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone

Nigeria’s first deep-water exploration and production vessel, Bonga, hit a one-billion-barrel oil export mark on Monday.  The Managing Director, Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Mrs Elohor Aiboni, explained in a statement t...
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Oil Falls On Demand Concerns 
February 13, 2023 No Responses

Oil Falls On Demand Concerns 

Oil prices eased on Monday morning after rising 2% in the previous session as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery maintenance in Asia and the United States.  ...
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