Category: Energy

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 confident in its...
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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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Shell Begins One-Year Vocational Training For 40 Imo youths
September 14, 2021 No Responses

Shell Begins One-Year Vocational Training For 40 Imo youths

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has commenced a one-year professional and vocational training for 40 youths from the SPDC Joint Venture host communities of the Assa North and Ohaji South gas project in Imo State.  “The....
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Attah Hands Over NLNG Key To Mshelbila
September 14, 2021 No Responses

Attah Hands Over NLNG Key To Mshelbila

In his farewell remarks, Engr. Attah said, “I thank the staff and our partners who helped achieve our set goals. It was a collective success. I would like to see the five years as foundational. Earlier, the ambition of the...
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Crude Oil Extends Losses
September 7, 2021 No Responses

Crude Oil Extends Losses

 Oil prices extended losses on Monday, falling more than 1%, after the world’s top exporter Saudi Arabia slashed crude prices for Asia over the weekend, signalling demand concerns and that global markets are well supplied.Brent crude&...
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Shell, Firm To Build Largest LNG Bunker Barge
September 5, 2021 No Responses

Shell, Firm To Build Largest LNG Bunker Barge

Florida-based marine solutions, transportation and logistics company, Crowley Maritime Corporation has signed a long-term time charter with Shell NA LNG for the building and operation of a new LNG bunker barge.  Under the arrangement, the 126.7-meter-long...
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NLNG Explains Role In Domestic LPG Market
August 30, 2021 No Responses

NLNG Explains Role In Domestic LPG Market

The Nigeria LNG Limited (NLNG) has described as “grossly inaccurate” a report which claimed that NLNG produces 22 Million Tonnes Per Annum (MTPA) of Liquified Petroluem Gas, otherwise known as cooking gas.     A statement...
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