Category: Energy

FG Inaugurates Gas Infrastructure Fund Council
August 31, 2022 No Responses

FG Inaugurates Gas Infrastructure Fund Council

The Federal Government on Tuesday inaugurated the Governing Council of the Midstream and Downstream Gas Infrastructure Fund (MDGIF).  Chief Timipre Sylva, Minister of State, Petroleum Resources, inaugurated the nine-member council, in Abuja, to fix the critical missing link in the...
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TotalEnergies, COSCO In Milestone Biofuel Bunkering Operation
August 26, 2022 No Responses

TotalEnergies, COSCO In Milestone Biofuel Bunkering Operation

TotalEnergies Marine Fuels has completed the first refuelling of a COSCO Shipping Lines containership with sustainable marine biofuel. This is TotalEnergies’ first biofuel bunkering operation for a containership in Singapore. According to World Maritime News...
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Oil Prices Rise On Possible OPEC Supply Cuts
August 25, 2022 No Responses

Oil Prices Rise On Possible OPEC Supply Cuts

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery. Brent crude rose 59 cents, or 0.6%, to $101.81...
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NLNG Receives Road Infrastructure Tax Credit Certificate For Bonny – Bodo Road From FIRS
August 22, 2022 No Responses

NLNG Receives Road Infrastructure Tax Credit Certificate For Bonny – Bodo Road From FIRS

The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, has received its Tax Credit Certificate from the Federal Inla...
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Electricity Workers Suspend Strike  
August 18, 2022 No Responses

Electricity Workers Suspend Strike  

The leadership of the National Union of Electricity Employees (NUEE) has suspended the ongoing strike by two weeks.  Mr Godfrey Abah, the Chairman, FCT chapter of the National Union of Electricity Employees (NUEE) said this in an interview with the...
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LNG: Germany Secures Supply Via Chartered FSRUs
August 18, 2022 No Responses

LNG: Germany Secures Supply Via Chartered FSRUs

Germany has formally confirmed its intention to have liquefied natural gas (LNG) terminals in Brunsbüttel and Wilhelmshaven ready at the turn of the year 2022/2023.  According to World Maritime News, on 16 August, 2022, Robert Habeck, Vice-Chancello...
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Blackout In Lagos As Electricity Workers Begin Strike  
August 17, 2022 No Responses

Blackout In Lagos As Electricity Workers Begin Strike  

There was blackout across Lagos State on Wednesday following the nationwide strike by electricity workers under the aegis of the National Union of Electricity Employees (NUEE).   Ikeja Electric Plc and Eko Electricity Distribution Company (EKEDC) confirme...
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Oil Prices Tumble As China Economy Stutters 
August 16, 2022 No Responses

Oil Prices Tumble As China Economy Stutters 

Oil prices slumped nearly five percent Monday on data showing China’s economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Stock markets mostly steadied and the dollar traded mixed as investors welcome signs of cooling US ...
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Saudi Oil Giant Tops Own Record With $48.4b Profit 
August 15, 2022 No Responses

Saudi Oil Giant Tops Own Record With $48.4b Profit 

Saudi oil giant Aramco has broken its own record with a $48.4bn (£39.8bn) profit for the second quarter of 2022.  It is a 90% year-on-year increase and marks the biggest earnings for the world’s largest energy exporter since its public...
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NLNG Launches GMoU Phase 2 In Rivers State
August 13, 2022 No Responses

NLNG Launches GMoU Phase 2 In Rivers State

Nigeria LNG Limited (NLNG) on Thursday in Port Harcourt launched the second phase of the Global Memoranda of Understanding (GMoU) for its pipeline host communities to actively support community-driven sustainable development.  A statement issued by Acting Man...
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NLNG Denies Involvement In Illegal Gas Export 
August 12, 2022 No Responses

NLNG Denies Involvement In Illegal Gas Export 

The Nigeria Liquefied Natural Gas (NLNG) has denied the allegation that the company was involved in the illegal exportation of LNG or any of its products outside the country.  Mr Andy Odeh, the General Manager, External Relations and Sustainable Development,....
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Shareholders Reinforce Confidence In Oando Management
August 11, 2022 No Responses

Shareholders Reinforce Confidence In Oando Management

Shareholders of Oando Plc have reinforced confidence in the management of the company while urging the government to work with stakeholders to tackle the challenges facing the oil and gas industry.  A statement posted on Oando’s website said the shareholder...
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Status Quo Remains In Share Sale By ExxonMobil To Seplat Energy, Says NUPRC
August 9, 2022 No Responses

Status Quo Remains In Share Sale By ExxonMobil To Seplat Energy, Says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) jas affirmed that the status quo remains with respect to ExxonMobil/Seplat Energy share acquisition.  Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC made this known in a statement on M...
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Shell Staff Get Profits Bonus  
August 6, 2022 No Responses

Shell Staff Get Profits Bonus  

Energy giant Shell is to give its workers a one-off 8% bonus after the company reported record profits from high oil and gas prices.  Most of the 82,000 staff it employs worldwide will get the pay boost but top executives...
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