Category: Energy

Oil Edges Up On Supply Jitters
May 6, 2022 No Responses

Oil Edges Up On Supply Jitters

Oil prices edged up on Thursday on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.  Reuters report that pressure from a stronger dollar and a drop in global...
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Shell Records $9.13b Profits In Three Months
May 6, 2022 No Responses

Shell Records $9.13b Profits In Three Months

Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the...
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OPEC Raises Nigeria’s Production Quota To 1.772mbpd For June
May 5, 2022 No Responses

OPEC Raises Nigeria’s Production Quota To 1.772mbpd For June

The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.735 million barrels per day (mbpd) target approved in May 2022 to a new target of 1.772mbpd for June 2022.   A statement issued...
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EU Divided Over Russian Energy Supplies 
May 3, 2022 No Responses

EU Divided Over Russian Energy Supplies 

European Union countries are split on how soon they wind down dependence on Russian energy supplies. BBC reports that while sanctions have been applied to other areas of business, the EU remains heavily reliant on Russian oil and gas.  Germany’s...
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Forte Upstream Services Gets ISO 9001:2015 Certification
May 2, 2022 No Responses

Forte Upstream Services Gets ISO 9001:2015 Certification

Forte Upstream Services Limited has received the ISO 9001:2015 certification for its quality management system. A statement explained that the certificate was presented by the Standard Organization of Nigeria (SON) to the company on Thursday, 28th April 2022 a...
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Chevron Nigeria Remains Committed In Fight Against Malaria, Says MD
May 2, 2022 No Responses

Chevron Nigeria Remains Committed In Fight Against Malaria, Says MD

Chevron Nigeria Limited  (CNL) says it remains committed in the fight against malaria scourge and other communicable diseases in Nigeria.   CNL’s Chairman and Managing Director, Mr  Rick Kennedy made the disclosure in a statement on Monda...
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Nigerian Content In Oil Sector Grows To 42%, Says Wabote, NCDMB Boss 
April 28, 2022 No Responses

Nigerian Content In Oil Sector Grows To 42%, Says Wabote, NCDMB Boss 

The Nigerian Content Development and Monitoring Board (NCDMB) has grown Nigerian content in the oil and gas sector to 42 per cent.  Mr Simbi Wabote, Executive Secretary of NCDMB gave the update on Wednesday, while speaking at a Local content...
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NNPC, SNEPCo Donates ICT Centre To Petroleum Varsity 
April 22, 2022 No Responses

NNPC, SNEPCo Donates ICT Centre To Petroleum Varsity 

The Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo), on Thursday, inaugurated a state-of-the-art Information and Communication Technology (ICT) Centre at the Federal University of Petrol...
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Sylva: Nigeria Must Evolve Innovative Ways In Oil, Gas Exploration 
April 21, 2022 No Responses

Sylva: Nigeria Must Evolve Innovative Ways In Oil, Gas Exploration 

To be relevant as a major player in the global oil and gas industry, Nigeria must come up with innovative ways of exploiting and exploring its abundant oil and gas.  In his opening remarks at the stakeholders’ consultation on draft...
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Brass LNG: FG Pledges To Complete Project 
April 18, 2022 No Responses

Brass LNG: FG Pledges To Complete Project 

Minister of State, Petroleum Resources, Chief Timipre Sylva, has pledged commitment to the completion of the stalled Brass Liquefied Natural Gas (BLNG)  as the Federal Government seeks new investors to revive the project.  Sylva, in a statement ...
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AKK Pipeline Project: NNPC To Deliver First Gas In Q1 2023
April 15, 2022 No Responses

AKK Pipeline Project: NNPC To Deliver First Gas In Q1 2023

The Board of the Nigerian National Petroleum Company Limited (NNPC) has expressed satisfaction with the progress of work done on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project and believed that the first Quarter 2023 target for delivering it will be met.&...
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FEC Approves N1.4b For Power Sector
April 14, 2022 No Responses

FEC Approves N1.4b For Power Sector

The Federal Executive Council (FEC) has approved N1.4 billion for the supply of more equipment for the Transmission Company of Nigeria (TCN) to boost electricity supply across the country.  The Minister of Power, Mr Abubakar Aliyu, made this known when...
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NLNG Completes Training For People Living with Disabilities In Rivers  
April 11, 2022 No Responses

NLNG Completes Training For People Living with Disabilities In Rivers  

Twenty People Living with Disabilities (PLWD) in Port Harcourt, Rivers State, have graduated from an empowerment and skills acquisition programme fully sponsored by Nigeria LNG Limited, as part of efforts by the Company to deepen Inclusion and Diversity in its...
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NSML Gets First Sub-Saharan African Terminal Environmental Certification
April 11, 2022 No Responses

NSML Gets First Sub-Saharan African Terminal Environmental Certification

NLNG Ship Management Limited (NSML), manager of the Nigeria LNG Limited (NLNG) Bonny Terminal, has achieved the terminal’s Ecoport Port Environmental Review System (PERS) certification, making it the first certification of its kind in any port in Sub-Saharan...
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