Category: Energy

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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LNG Carrier: CoolCo Completes Acquisition From Golar 
April 8, 2022 No Responses

LNG Carrier: CoolCo Completes Acquisition From Golar 

The newly formed shipping company, CoolCo has completed all eight acquisitions of LNG carriers from Bermuda-based shipper Golar LNG. Cool Company disclosed that it completed the last two acquisitions of eight modern LNG tankers from Golar LNG on Apri...
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NLNG Plants: FG Charges Shell, Chevron, NNPC, Others On Gas Supply
April 5, 2022 No Responses

NLNG Plants: FG Charges Shell, Chevron, NNPC, Others On Gas Supply

The Federal Government has appealed to partners in Nigeria Liquified Natural Gas (NLNG) project to allow transportation of third-party gas through joint pipelines as part of measres to increase gas supply to the plant.  Minister of State, Petroleum Resour...
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KSOE Secures $448.1m Order For Two LNG Carriers
April 3, 2022 No Responses

KSOE Secures $448.1m Order For Two LNG Carriers

South Korean shipbuilder Korea Shipbuilding & Offshore Engineering (KSOE) has secured an order for the construction of two liquefied natural gas (LNG) carriers. The order, valued at KRW 545.8 billion (about $448.1 million), has been placed by an undisclose...
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OPEC+ Meeting In Focus
April 3, 2022 No Responses

OPEC+ Meeting In Focus

By Lukman Otunuga, Senior Research Analyst At FXTM — OPEC+ is set to meet this afternoon to determine output levels for May. The cartel is widely expected to stick to its existing deal to gradually increase oil production. Any surprises...
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US Orders Release Of Oil Reserves 
April 1, 2022 No Responses

US Orders Release Of Oil Reserves 

US President Joe Biden has ordered a major release of oil from America’s reserves in an effort to bring down high fuel costs.  The release of up to 180m barrels of oil over six months is the largest since the...
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Why India Is Buying More Russian Oil 
March 29, 2022 No Responses

Why India Is Buying More Russian Oil 

(BBC) Russia is seeking new markets for its oil exports as Western sanctions tighten – and India has been taking advantage of discounted prices to ramp up imports from the country.  The US has said that although these oil imports...
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EU, US Seal Gas Deal
March 26, 2022 No Responses

EU, US Seal Gas Deal

The United States (US)  and the European Union (EU) have announced a major deal on liquified natural gas, in an attempt to reduce Europe’s reliance on Russian energy.  BBC reports that the agreement will see the US provide the EU with...
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CBN Disburses N1.3tri To Support Power Supply  
March 22, 2022 No Responses

CBN Disburses N1.3tri To Support Power Supply  

The Central Bank of Nigeria (CBN) has disbursed over N1.3 trillion to support power supply to Nigerians in the last five years.  The CBN Governor, Mr Godwin Emefiele, made the remark at a news conference following a meeting of the...
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Shell Reconsiders Exit From Oil Field Off Shetland
March 22, 2022 No Responses

Shell Reconsiders Exit From Oil Field Off Shetland

Shell is reconsidering its recent decision to pull investment from a large new UK oil field, the BBC understands. In December, Shell said the economic case – along with possible regulatory delays – meant it was withdrawing from the Cambo...
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Japan Presses UAE To Pump More Oil 
March 21, 2022 No Responses

Japan Presses UAE To Pump More Oil 

Japan on Sunday urged the United Arab Emirates to pump more oil to calm markets rocked by Russia’s invasion of Ukraine, the latest major consumer to lobby Gulf producers.The plea by Japan’s Foreign Minister Yoshimasa Hayashi came during m...
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Stakeholders Lauds NCDMB’s Investment In Base Oil Plant
March 18, 2022 No Responses

Stakeholders Lauds NCDMB’s Investment In Base Oil Plant

Key stakeholders of the oil and gas industry have commended the Nigerian Content Development and Monitoring Board (NCDMB) for catalyzing the development of critical oil and gas facilities, including Bunorr Integrated Energy Limited which would produce lube oil...
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