Category: Energy

Crude Shipments Resume From Pemex Floating Storage Unit
July 18, 2020 No Responses

Crude Shipments Resume From Pemex Floating Storage Unit

An oil production and storage vessel, operated by Mexican state oil firm Pemex in the Gulf of Mexico, has resumed crude shipments. This is after a tanker collision halted exports earlier this month, according to a person with knowledge of...
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Bio-LNG Secures $12.57 EU Backing
July 17, 2020 No Responses

Bio-LNG Secures $12.57 EU Backing

Titan LNG, a Dutch supplier of LNG to the marine and industrial markets in Europe, has secured funding for its bio-LNG project. The company said on Friday it has received €11 million ($12.57 million) from the European Union through the...
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NLNG Reacts To Alleged illegal Withdrawal Of $1.05b From NNPC’s Dividend Account
July 17, 2020 No Responses

NLNG Reacts To Alleged illegal Withdrawal Of $1.05b From NNPC’s Dividend Account

The attention of Nigeria LNG Limited (NLNG) has been drawn to news reports on the investigation by the House of Representatives into alleged illegal withdrawal of US$1.05billion from NNPC’s(NLNG) dividend account and allegations that our Managing Director/CE...
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Nigeria, Saudi Arabia Restate Commitment To OPEC
July 14, 2020 No Responses

Nigeria, Saudi Arabia Restate Commitment To OPEC

Saudi Arabia and Nigeria have reiterated their firm commitment to the Organisation of Petroleum Export Countries and its allies known as OPEC+ agreement. The Minister of State for Petroleum Resources, Timipriye Sylva, explained that the countries also reiterat...
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Daukoru Emerges NLNG Board Chairman
July 13, 2020 No Responses

Daukoru Emerges NLNG Board Chairman

President Muhammadu Buhari has approved the reconstitution of the representatives of Nigeria on the Board of Nigerian Liquefied Natural Gas Limited (NLNG) under the chairmanship of Former Minister of State for Petroleum, Edmund Daukoru.  A memo signed&...
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SEPLAT Appoints Onwuka CFO, ED
July 10, 2020 No Responses

SEPLAT Appoints Onwuka CFO, ED

The Board of Directors of Seplat Petroleum Development Company Plc has announced the appointment of Mr. Emeka Onwuka as Chief Financial Officer (CFO) and Executive Director of with effect from August 1, 2020. Mr. Onwuka has over 30 years’ experience in....
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NNPC Increases Gas Supply To Power Sector By 19%
July 9, 2020 No Responses

NNPC Increases Gas Supply To Power Sector By 19%

The Nigerian National Petroleum Corporation (NNPC)  has announced an increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020. The Corporation disclosed this on its Monthly Financial and Operations Report (MFOR) for...
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NUPENG Pickets Variant Energy Over Alleged Anti-Labour Practices
July 9, 2020 No Responses

NUPENG Pickets Variant Energy Over Alleged Anti-Labour Practices

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Thursday picketed the Victoria Island, Lagos office of Variant Energy Services over anti labour practices. NUPENG Lagos Zonal Chairman, Tayo Aboyeji, explained that the patience and understandi...
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Nigeria Explains Deregulation Of Oil Downstream Sector
July 9, 2020 No Responses

Nigeria Explains Deregulation Of Oil Downstream Sector

The Minister of State for Petroleum Resources, Chief Timipre Sylva on Thursday aid the deregulation of the downstream oil sector was to ensure economic growth and development of the country. In a statement, Sylva explained that was unrealistic to continue...
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Lagos Receives 16 Vehicles From Shell
July 8, 2020 No Responses

Lagos Receives 16 Vehicles From Shell

The Lagos State Government on Wednesday received 16 security operations vehicles from Shell Nigeria Exploration and Production Company Ltd (SNEPCo) toward enhancing security in the state. Speaking during the handover ceremony at the Lagos House, Marina, Lagos ...
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600 Firms Bid For Nigeria’s 57 Marginal Oilfields
July 7, 2020 No Responses

600 Firms Bid For Nigeria’s 57 Marginal Oilfields

Over 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oilfields in Nigeria, the Department of Petroleum Resources (DPR) has said. Director of DPR, Mr Auwalu Sarki made the disclosure while speaking on Tuesday in a.....
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NCDMB Signs Agreements On Energy Park In Edo, Oil Blending Plant In Bayelsa
July 3, 2020 No Responses

NCDMB Signs Agreements On Energy Park In Edo, Oil Blending Plant In Bayelsa

The Nigerian Content Development and Monitoring Board (NCDMB) has signed an equity investment agreement with Duport Midstream Company for the establishment of an Energy Park in Egbokor, Edo State. The Board also signed an equity investment agreement with Erask...
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Conoil Records N139.8b Turnover, Declares N2 Dividend For 2019
July 1, 2020 No Responses

Conoil Records N139.8b Turnover, Declares N2 Dividend For 2019

For the financial year ended December 31, 2019, Conoil Plc recorded a turnover of N139.8 billion, representing an increase of 14.4 per cent when compared with N122.21 billion achieved in the corresponding period in 2018. In a statement on Tuesday,...
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Buhari Pledges Speedy Completion Of $2.5b Ajaokuta-Kaduna-Kano Gas Pipeline Project
June 30, 2020 No Responses

Buhari Pledges Speedy Completion Of $2.5b Ajaokuta-Kaduna-Kano Gas Pipeline Project

President Muhammadu Buhari on Tuesday in Abuja affirmed the Nigerian government’s commitment to ensure timely delivery of the landmark Ajakuota-Kaduna-Kano Gas (AKK) gas pipeline project within budgetary allocation and specifications. Speaking at the virtual...
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