Category: Energy

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 online at Hyundai Motorstudio Goyang,...
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‘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  ...
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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),...
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Shell Secures First LNG Bunkering Approval In Gibraltar
March 26, 2021 No Responses

Shell Secures First LNG Bunkering Approval In Gibraltar

Global energy giant, Shell has completed its first LNG bunkering services at the Port of Gibraltar. The Port of Gibraltar, also known as Gibraltar Harbour, is a seaport in the British Overseas Territory of Gibraltar.    The port was a ...
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Saudi Aramco To Prioritise Energy Supply To China For 50 years
March 22, 2021 No Responses

Saudi Aramco To Prioritise Energy Supply To China For 50 years

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development Forum on Sunday.Saudi Arabia,...
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Shell MD Seeks Multilateral Approach In Oil, Gas Sector
March 19, 2021 No Responses

Shell MD Seeks Multilateral Approach In Oil, Gas Sector

Managing Director, Shell Petroleum Development Company (SPDC) of Nigeria,  Mr Osagie Okunbor, has called for a multilateral approach towards efficient oil and gas sector in Nigeria.  Okunbor made the call on Thursday in Abuja, at the “Soc...
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NLNG Names Adimora-Ezigbo As Literature Prize Board Chair
March 19, 2021 No Responses

NLNG Names Adimora-Ezigbo As Literature Prize Board Chair

Nigeria LNG Limited (NLNG) has announced the appointment of Akachi Adimora-Ezeigbo, emeritus professor of English at the University of Lagos, as the chairperson of the Advisory Board for the Nigeria Prize for Literature to flag off the 2021 cycle of...
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Crude Oil Price Falls For Fifth Straight Day
March 18, 2021 No Responses

Crude Oil Price Falls For Fifth Straight Day

Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.Brent crude was down 12 cents, or 0.2%, at $67.88 a barrel...
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FEC Approves $1.5b For Rehabilitation Of Port Harcourt Refinery
March 18, 2021 No Responses

FEC Approves $1.5b For Rehabilitation Of Port Harcourt Refinery

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved 1.5billion dollars for the rehabilitation of the Port Harcourt Refinery in Rivers State.  Minister of State for Petroleum Resources, Timipre Sylva, made ...
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IPMAN To Members: Revert To Old Price Of N170
March 13, 2021 No Responses

IPMAN To Members: Revert To Old Price Of N170

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the South East zone to revert to the old price of N170 and N175 per litre.  Mr Chinedu Anyaso, Chairman of IPMAN Enugu Community Depot in charge...
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Shell Charters Ten LNG-Fueled Vessels
March 12, 2021 No Responses

Shell Charters Ten LNG-Fueled Vessels

The Hague-based Shell has signed agreements to charter ten new crude tankers powered by dual-fuel liquefied natural gas (LNG) engines.  Four of the very large crude carriers (VLCCs) have been chartered from Advantage Tankers, three from AET and three...
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FG Approves $526m For Power Projects In Abia, Imo, Benue
March 11, 2021 No Responses

FG Approves $526m For Power Projects In Abia, Imo, Benue

The Federal Government on Wednesday approved $526 million for power projects in Abia, Imo and Benue.  The Federal Executive Council at its weekly meeting also approved N190.5 million for the purchase of a microscope by the University of Ibadan.  Mini...
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NLNG Bags Gas Company Of The Year Award
March 11, 2021 No Responses

NLNG Bags Gas Company Of The Year Award

The Nigeria Liquified Natural Gas Limited (NLNG) has won the Gas Company of the Year Award at the recently concluded 12th Nigerian Gas Association (NGA) Biennial International Conference and Awards event.  NLNG in a statement issued by Dr Sophia Horsfall,...
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Oil Extends Gains On OPEC Supply Restraint
March 5, 2021 No Responses

Oil Extends Gains On OPEC Supply Restraint

 Oil prices rose early on Friday, adding to big gains overnight after OPEC and its allies agreed to not increase supply in April as they await a more solid recovery in demand from the coronavirus pandemic.U.S. West Texas Intermediate (WTI) crude futures cl...
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