Category: Energy

<strong>Oil Bounces On Pipeline Shutdown </strong>
December 10, 2022 No Responses

Oil Bounces On Pipeline Shutdown 

Oil prices bounced on Friday as closure of a major Canada-to-U.S. crude pipeline disrupted supplies, but both benchmarks were headed for a weekly loss on worries over slowing global demand growth.  Brent crude futures were at $76.70 a barrel, up...
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NNPC Disburses N15b For Lagos-Badagry Expressway Reconstruction
December 9, 2022 No Responses

NNPC Disburses N15b For Lagos-Badagry Expressway Reconstruction

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disbursed N15 billion for the reconstruction of the Lagos Badagry Expressway under the Federal Government Road Infrastructure Tax Credit (RITC) Scheme.  The N15 billion represents a 100 per c...
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UK To Double US Gas Imports
December 8, 2022 No Responses

UK To Double US Gas Imports

The United Kingdom has agreed to double imports of US gas over the next year as it tries to stabilise soaring energy prices.  Prime Minister Rishi Sunak said the plan would “bring down prices for British consumers and help end Europe’s...
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<strong>TotalEnergies Joins Zero-Emission Shipping Coalition</strong>
December 6, 2022 No Responses

TotalEnergies Joins Zero-Emission Shipping Coalition

TotalEnergies has joined the Castor Initiative, a multinational coalition committed to making zero-emission shipping a reality, to support the uptake of ammonia as a green fuel and the development of ammonia-powered tankers.  The global coalition, which inclu...
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TotalEnergies To Cut North Sea Investment 
December 3, 2022 No Responses

TotalEnergies To Cut North Sea Investment 

French oil giant TotalEnergies has said it will cut North Sea investment by 25% next year after the windfall tax on oil and gas firms in the UK was extended.  The company will cut £100m of spending on new wells...
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Oil Muted As Price Cap Proposal Eases Supply Concerns
November 25, 2022 No Responses

Oil Muted As Price Cap Proposal Eases Supply Concerns

Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much...
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Samsung Secures $1.08b Deal For Five LNG Carriers 
November 24, 2022 No Responses

Samsung Secures $1.08b Deal For Five LNG Carriers 

South Korean shipbuilder Samsung Heavy Industries (SHI) has received orders for the construction of five liquefied natural gas (LNG) carriers.  Already, the South Korean shipbuilder signed a shipbuilding contract with an undisclosed shipowner in Oceania.&...
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Qatar, China Seal 27-Year LNG Supply Deal 
November 23, 2022 No Responses

Qatar, China Seal 27-Year LNG Supply Deal 

QatarEnergy and China Petroleum & Chemical Corporation (Sinopec) have entered into a 27-year sale and purchase agreement (SPA) for the supply of 4 million tons per annum (mtpa) of liquefied natural gas (LNG) to China.  The contracted LNG vol...
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<strong>NLNG Commissions Hospital Support Initiative Projects </strong>
November 20, 2022 No Responses

NLNG Commissions Hospital Support Initiative Projects 

Nigeria LNG (NLNG) Limited has commenced the commissioning of Phase 1 projects in its multi-billion-naira Hospital Support Programme (NLNG HSP) with the opening of a maternity centre at the University of Abuja Teaching Hospital (UATH), Gwagwalada.   ...
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Sylva Lauds UTM Offshore, Technical Partners On Nigeria’s First Floating LNG Facility 
November 18, 2022 No Responses

Sylva Lauds UTM Offshore, Technical Partners On Nigeria’s First Floating LNG Facility 

Nigeria’s quest for energy transition received a huge boost on Wednesday when an indigenous firm, UTM Offshore Limited signed agreements with three technical partners, Kellogg Brown and Root (KBR) UK, Japan Gas Corporation (JGC) and Technip Energies Limited,...
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Oil Marketers Task NIMASA, NPA On Naira Transactions
November 14, 2022 No Responses

Oil Marketers Task NIMASA, NPA On Naira Transactions

The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey Federal Government’s directive on Naira transactions for ports charges.   This is cont...
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Daewoo Secures $252m Contract For One LNG Carrier
November 9, 2022 No Responses

Daewoo Secures $252m Contract For One LNG Carrier

South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME) has secures contract to build one liquefied natural gas (LNG) carrier. The contract, worth $252 million, was signed with an undisclosed shipowner from Oceania on 7 October, DSME said...
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QatarEnergy, MISC, Seal Five New LNG Carrier Deals 
November 9, 2022 No Responses

QatarEnergy, MISC, Seal Five New LNG Carrier Deals 

Qatar’s state-owned oil and gas company, QatarEnergy has awarded long-term charter contracts to Malaysian energy logistics group MISC Berhad and its consortium partners for additional five newbuild Liquefied Natural Gas (LNG) carriers  MISC’s con...
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Oil Falls As China Sticks To Strict COVID Policy
November 7, 2022 No Responses

Oil Falls As China Sticks To Strict COVID Policy

Oil prices fell more than 2% at the start of Asia trade on Monday after Chinese officials at the weekend reiterated their commitment to a strict COVID containment approach, dashing hopes of an oil demand rebound at the world’s top crude...
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