Category: Energy

FG Boosts Women Participation In Energy Sector With $20m
May 8, 2021 No Responses

FG Boosts Women Participation In Energy Sector With $20m

The Federal Government has allocated $20 million to support active participation of women in Oil and Gas Sector.  Minister of State Petroleum Resources, Chief Timipire Sylva made the submission, in Abuja while playing host to executive members of Women in Energy...
read more
Crude Oil Extends Gains
April 29, 2021 No Responses

Crude Oil Extends Gains

Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan and Brazil.Brent crude for June edged up 8 cents, or 0.1%, to...
read more
IBEDC Generates N7b Monthly
April 25, 2021 No Responses

IBEDC Generates N7b Monthly

Ibadan Electricity Distribution Company (IBEDC) generates over N7 billion revenue monthly from its coverage areas.   The Chief Technical Officer of IBEDC, Mr Akin Abiodun, disclosed this on Saturday during the inauguration of a new 2.5MVA, 33KV/...
read more
Buhari Restores Ownership Of OML 123, Others To NNPC
April 24, 2021 No Responses

Buhari Restores Ownership Of OML 123, Others To NNPC

President Muhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the Nigeria National Petroleum Corporation (NNPC) which is in production sharing contract with Addax Petroleum.  Addax Petroleum is wholly owned by Gove...
read more
LNG Adventure Joins Total’s Fleet
April 23, 2021 No Responses

LNG Adventure Joins Total’s Fleet

French energy major, Total has expanded its fleet with the addition of NYK Line’s liquefied natural gas carrier LNG Adventure.  The vessel capable of 174,000 cubic meters of the chilled fuel has been built by the South Korean shipyard Samsung Heavy...
read more
Oil Prices Drop As Covid-19 Surge Dents Demand Outlook
April 22, 2021 No Responses

Oil Prices Drop As Covid-19 Surge Dents Demand Outlook

Oil prices fell for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world’s third-biggest oil importer.Brent crude futures for June declined 95 cents, or 1.4%, to $65.62...
read more
Chevron Contributes N26b To Support Projects In Delta Ijaw Communities
April 21, 2021 No Responses

Chevron Contributes N26b To Support Projects In Delta Ijaw Communities

Chevron Nigeria Limited (CNL), on Tuesday, disclosed that it had contributed over N26 billion under NNPC/Chevron Joint Venture to the Egbema-Gbaramatu Communities Development Foundation (EGCDF) of Delta since 2005.  Chevron’s General Manager Policy...
read more
Shell’s LNG Carrier Attains 6.6% Net Savings
April 17, 2021 No Responses

Shell’s LNG Carrier Attains 6.6% Net Savings

A Shell-chartered 170,000 cbm LNG carrier, named Methane Patricia Camila, has achieved 6.6% net savings generated by the Silverstream’s air lubrication system, Silverstream and Shell’s engineers found during operational testing. The system was retrofitted ...
read more
Shell plays down risk of stranded oil and gas reserves
April 16, 2021 No Responses

Shell plays down risk of stranded oil and gas reserves

Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.The disclosure is...
read more
Oil Prices Climb On Favourable Outlook For US Fuel Demand
April 13, 2021 No Responses

Oil Prices Climb On Favourable Outlook For US Fuel Demand

Oil rose on Monday amid hopes that fuel demand is picking up in the United States as the summer driving season approaches and the rollout of COVID-19 vaccinations there accelerates, though increasing case numbers in other countries are set to...
read more
Shell Confirms Oil Spill In Bayelsa
April 3, 2021 No Responses

Shell Confirms Oil Spill In Bayelsa

The Shell Petroleum Development Company (SPDC) has confirmed oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the Bayelsa State Capital.The comapny’s Media Relations Manager, Bamidele Odugbesan, confirmed the incident in an interview with the...
read more
Hyundai, Shell Sign New Agreement To Expand Clean Energy Solutions
April 1, 2021 No Responses

Hyundai, Shell Sign New Agreement To Expand Clean Energy Solutions

Hyundai Motor Company has  signed a new five-year Global Business Cooperation Agreement with Royal Dutch Shell plc, the international energy company known as Shell — but this time with a clean mobility twist. The signing ceremony was held...
read more
‘Market Forces Should Determine Gas Prices’
March 30, 2021 No Responses

‘Market Forces Should Determine Gas Prices’

The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity.  Chief Executive Officer, DPR, Mr Sarki Auwalu, stated this  ...
read more
NLNG MD Harps On Critical Roles Of Gas Resources To Nigeria’s Development
March 29, 2021 No Responses

NLNG MD Harps On Critical Roles Of Gas Resources To Nigeria’s Development

By Moses Ebosele, ebosele@hotmail.com    — The large deposit of gas resources in Nigeria would amount to nothing if the gas is not developed and utilised urgently to meet the nation’s energy needs, the Managing Director, Nigeria LNG Limited (NLNG),...
read more
1 … 46 47 48 49 50 … 88