Category: Energy

NNPC Cautions Against Panic Buying
March 1, 2021 No Responses

NNPC Cautions Against Panic Buying

The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor Spirit (PMS) also known as petrol, saying it has no plan to increase the ex-depot price in March.  In a statement issued by its spokesman,...
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Seplat Wins NGA Award, Explains Gas Business Sustainability, Growth
February 28, 2021 No Responses

Seplat Wins NGA Award, Explains Gas Business Sustainability, Growth

Seplat Petroleum Development Company Plc has identified its fast-growing gas business as a strong catalyst for sustainable development in Nigeria.  Mr. Roger Brown, Chief Executive Officer, SEPLAT, described this drive as a revolution, indicating that the...
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Shell-Chartered LNG Vessel Completes Milestone Loading
February 27, 2021 No Responses

Shell-Chartered LNG Vessel Completes Milestone Loading

Belgian inland transportation specialist, Victrol, on Friday said LNG London completed its 100th loading at the Gate LNG terminal in the Dutch port of Rotterdam. Victrol stressed in its brief statement through its social media channels, that the vessel has...
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Bayelsa Seeks Private Investors For Modular Refinery
February 13, 2021 No Responses

Bayelsa Seeks Private Investors For Modular Refinery

The Bayelsa  Government is shopping for investors to establish a modular refinery as part of measures to fasttrack socio-economic development of the State. The Technical Adviser to the Governor on Investment, Dr Jonathan Obue...
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Adegbulugbe, Alibe, Olojede In Court Over Ownership Of Green Energy Ltd
February 11, 2021 No Responses

Adegbulugbe, Alibe, Olojede In Court Over Ownership Of Green Energy Ltd

A former Special Adviser on Energy in the Olusegun Obasanjo administration, Prof. Anthony Adegbulugbe, and two directors of Green Energy International Ltd have dragged themselves before a Federal High Court in Abuja over the ownership of the oil company. ...
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Nigeria Approves First Floating LNG Production Plant Licence
February 9, 2021 No Responses

Nigeria Approves First Floating LNG Production Plant Licence

The Department of Petroleum Resources (DPR) in Nigeria has issued Licence to Establish (LTE) the first floating Liquefied Natural Gas (LNG) production plant to UTM Offshore Ltd, an indigenous oil and gas company.  A statement issued on Monday by Mr...
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Total Joins Clamour For Zero Carbon Shipping
February 5, 2021 No Responses

Total Joins Clamour For Zero Carbon Shipping

French energy major Total has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping as a strategic partner as the company accelerates its R&D program for carbon-neutral shipping solutions. Based in Copenhagen, the research and development cen...
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IBEDC Begins Distribution Of Free 10,000 Prepaid Meters In Osun
February 4, 2021 No Responses

IBEDC Begins Distribution Of Free 10,000 Prepaid Meters In Osun

The Ibadan Electricity Distribution Company (IBEDC) on Wednesday commenced the official distribution of 10,000 prepaid meters to households across Osun State.  The free meters distribution, which was launched under the National Mass Metering Programm...
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Exxon Mobil Declares $22.4b Loss
February 3, 2021 No Responses

Exxon Mobil Declares $22.4b Loss

Oil giant Exxon Mobil suffered its first annual loss in decades last year as the pandemic prompted energy use to plunge.  The firm lost $22.4bn (£16.4bn) as energy prices dropped – at one point falling below zero.  The downturn forced...
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Oil Prices Rise As Producers Commit To Output Restraint
February 2, 2021 No Responses

Oil Prices Rise As Producers Commit To Output Restraint

Oil prices rose around 1 per cent on Tuesday after major producers showed they were cutting crude output in line with their commitments on restraint, supporting a market thrown out of kilter by weak demand during the coronavirus pandemic.Brent crude ...
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AGPC Raises $260m To Complete Gas Project In Nigeria
February 2, 2021 No Responses

AGPC Raises $260m To Complete Gas Project In Nigeria

Seplat Petroleum Development Company Plc, listed on both the Nigerian Stock Exchange and the London Stock Exchange on Monday  announced that its Incorporated Joint Venture (IJV), ANOH Gas Processing Company (AGPC) has successfully raised $260m in deb...
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Ikorodu Communities Petition Ikeja Electric Over Prepaid Meters, Fraudulent officials
January 23, 2021 No Responses

Ikorodu Communities Petition Ikeja Electric Over Prepaid Meters, Fraudulent officials

At least 10 Community Development Associations (CDAs) in the Ikorodu area of Lagos State have petitioned Ikeja Electric (IE) Plc. over outrageous estimated billings. The CDAs are also outraged at the alleged fraudulent activities of Ikeja Electric’s official...
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Total, Firm Seal New LNG Charter Deal
January 22, 2021 No Responses

Total, Firm Seal New LNG Charter Deal

Russia’s largest shipping company Sovcomflot has secured a charter deal for its newbuild LNG tanker with Total.   Already, the two companies have concluded a time charter agreement for up to 7 years for a newbuilding 174,000-cbm LNG carrier, to be....
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Ikeja Electric Warns Customers Against Assaulting Its Employees
January 22, 2021 No Responses

Ikeja Electric Warns Customers Against Assaulting Its Employees

Ikeja Electric (IE) Plc has warned customers against assault on its employees carrying out their legitimate duties.  Mr Felix Ofulue, Head, Corporate Communications, Ikeja Electric, gave the warning in a statement issued on Thursday in Ikeja.  Ofulue...
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