Category: Energy

Total Joins Clamour For Zero Carbon Shipping
February 5, 2021 No Responses

Total Joins Clamour For Zero Carbon Shipping

French energy major Total has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping as a strategic partner as the company accelerates its R&D program for carbon-neutral shipping solutions. Based in Copenhagen, the research and development center is a...
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IBEDC Begins Distribution Of Free 10,000 Prepaid Meters In Osun
February 4, 2021 No Responses

IBEDC Begins Distribution Of Free 10,000 Prepaid Meters In Osun

The Ibadan Electricity Distribution Company (IBEDC) on Wednesday commenced the official distribution of 10,000 prepaid meters to households across Osun State.  The free meters distribution, which was launched under the National Mass Metering Programm...
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Exxon Mobil Declares $22.4b Loss
February 3, 2021 No Responses

Exxon Mobil Declares $22.4b Loss

Oil giant Exxon Mobil suffered its first annual loss in decades last year as the pandemic prompted energy use to plunge.  The firm lost $22.4bn (£16.4bn) as energy prices dropped – at one point falling below zero.  The downturn forced...
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Oil Prices Rise As Producers Commit To Output Restraint
February 2, 2021 No Responses

Oil Prices Rise As Producers Commit To Output Restraint

Oil prices rose around 1 per cent on Tuesday after major producers showed they were cutting crude output in line with their commitments on restraint, supporting a market thrown out of kilter by weak demand during the coronavirus pandemic.Brent crude ...
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AGPC Raises $260m To Complete Gas Project In Nigeria
February 2, 2021 No Responses

AGPC Raises $260m To Complete Gas Project In Nigeria

Seplat Petroleum Development Company Plc, listed on both the Nigerian Stock Exchange and the London Stock Exchange on Monday  announced that its Incorporated Joint Venture (IJV), ANOH Gas Processing Company (AGPC) has successfully raised $260m in deb...
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Ikorodu Communities Petition Ikeja Electric Over Prepaid Meters, Fraudulent officials
January 23, 2021 No Responses

Ikorodu Communities Petition Ikeja Electric Over Prepaid Meters, Fraudulent officials

At least 10 Community Development Associations (CDAs) in the Ikorodu area of Lagos State have petitioned Ikeja Electric (IE) Plc. over outrageous estimated billings. The CDAs are also outraged at the alleged fraudulent activities of Ikeja Electric’s official...
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Total, Firm Seal New LNG Charter Deal
January 22, 2021 No Responses

Total, Firm Seal New LNG Charter Deal

Russia’s largest shipping company Sovcomflot has secured a charter deal for its newbuild LNG tanker with Total.   Already, the two companies have concluded a time charter agreement for up to 7 years for a newbuilding 174,000-cbm LNG carrier, to be....
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Ikeja Electric Warns Customers Against Assaulting Its Employees
January 22, 2021 No Responses

Ikeja Electric Warns Customers Against Assaulting Its Employees

Ikeja Electric (IE) Plc has warned customers against assault on its employees carrying out their legitimate duties.  Mr Felix Ofulue, Head, Corporate Communications, Ikeja Electric, gave the warning in a statement issued on Thursday in Ikeja.  Ofulue...
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96 Firms Bid For Rehabilitation Of NNPC’s Downstream Infrastructure
January 15, 2021 No Responses

96 Firms Bid For Rehabilitation Of NNPC’s Downstream Infrastructure

No fewer than 96 companies have indicated interest in the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure. The public opening of the bid was held virtually in Abuja, on Thursday. The Managing Director of the N...
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LNG Firm To Receive More Vessels In 2021
January 11, 2021 No Responses

LNG Firm To Receive More Vessels In 2021

Liquefied natural gas shipping company Flex LNG is expanding its fleet of vessels on the water earlier than planned. In a brief statement through its social media channels, Flex LNG informed that it will bring forward the delivery of its...
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OPEC, Non-OPEC Countries To Increase Production By 0.5mb/d In January
January 6, 2021 No Responses

OPEC, Non-OPEC Countries To Increase Production By 0.5mb/d In January

The Organisation of  Petroleum Exporting Countries (OPEC) and the non-OPEC countries have agreed to increase crude oil production by 0.5 million barrels per day (mb/d) in January. The group reached the agreement at the 13th OPEC and non-OPEC Ministerial M...
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Oil Prices Drop As OPEC Warns of 2021 Q1 Downside Risks
January 4, 2021 No Responses

Oil Prices Drop As OPEC Warns of 2021 Q1 Downside Risks

Oil prices edged lower on Monday, the first working day of 2021 trading, ahead of a meeting of OPEC and allied producers to discuss output levels for February with fears for first-half demand seeping into the market as the coronavirus pandemic lingers.Bre...
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BEDC Rolls Out 90,870 Electric Meters In Edo,Delta,Ondo, Ekiti
January 2, 2021 No Responses

BEDC Rolls Out 90,870 Electric Meters In Edo,Delta,Ondo, Ekiti

The Management of Benin Electricity Distribution Company (BEDC) has concluded plans to roll out no fewer than 90,870 meters in Edo, Delta, Ondo and Ekiti States in the first quarter of 2021. BEDC head of Public Affairs, Tayo Adekule explained&nb...
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Bayelsa Implores DPR On Revalidation Of Atala Marginal Oilfield
December 29, 2020 No Responses

Bayelsa Implores DPR On Revalidation Of Atala Marginal Oilfield

The Bayelsa Government is pursuing revalidation of the licence for Atala Marginal Oilfields on Oil Mining Lease (OML) 46 earlier revoked by the Department of Petroleum Resources (DPR).   In a chat with the News Agency of Nigeria (NAN) on Monday,...
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