Category: Energy

Refineries: Senate Probes NNPC Over $396m Spent On Maintenance
January 30, 2020 No Responses

Refineries: Senate Probes NNPC Over $396m Spent On Maintenance

The Senate on Thursday resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the sum of $396 million expended on Turn-Around Maintenance of refineries in the country between 2013 and 2015.Accordingly, the Upper Chamber mandated the Committee on Petroleum...
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Exxon Mobil Secures $332m Mediterranean deal
January 29, 2020 No Responses

Exxon Mobil Secures $332m Mediterranean deal

Egypt has signed two deals with Exxon Mobil Corporation  for oil and gas exploration in the Mediterranean, the petroleum ministry has said.The deals involve a minimum investment of $332 million, the ministry said in a statement. Exxon Mobil announced the....
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SHACMAN Trucks GM, TSS Officials Visit Dangote Group, Tour Refinery
January 28, 2020 No Responses

SHACMAN Trucks GM, TSS Officials Visit Dangote Group, Tour Refinery

The General Manager of Shaanxi Heavy Duty Automobile Import & Export Co. Ltd, Mr. Tian Chao has commended Dangote group for their trust and support.  The SHACMAN Trucks GM and Transit Support Services Ltd (TSS) officials recently visited the biggest...
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NLNG Signs Sale, Purchase Agreement With Eni
January 27, 2020 No Responses

NLNG Signs Sale, Purchase Agreement With Eni

Nigeria LNG Limited (NLNG) and Eni have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.The agreement is for the supply of 1.5mtpa for a 10 year term...
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NLNG Signs Sales Deal With Total Gas & Power
January 23, 2020 No Responses

NLNG Signs Sales Deal With Total Gas & Power

Nigeria LNG Limited (NLNG) and Total Gas & Power (TGP)have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. The agreement is for the supply of 1.5mtpa for...
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NLNG Targets Malaria Elimination In Bonny
January 21, 2020 No Responses

NLNG Targets Malaria Elimination In Bonny

Nigeria LNG Limited (NLNG) has revealed plans to eliminate Malaria from Bonny Island, Rivers State, its operational base, testing a model of private sector involvement in the fight against the disease that will be replicated globally. This was made known...
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NNPC Boss Lauds Lee Engineering Over Construction Of 150 Million Metric Storage
January 19, 2020 No Responses

NNPC Boss Lauds Lee Engineering Over Construction Of 150 Million Metric Storage

The Group Managing Director, Nigeria National Petroleum Corporation (NNPC) Mr. Mele Kyari has commended Lee Engineering and Construction Company for the execution of the Atlas Cove Depot Optimization Project for the NNPC.  The Atlas Cove Depot Optimizatio...
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DPR Tasks LPG Plant Operators On Safety
January 16, 2020 No Responses

DPR Tasks LPG Plant Operators On Safety

The Department of Petroleum Resources (DPR) has urged Liquefied Petroleum Gas (LPG) plant operators to take necessary measures to ensure safety of end users of cooking gas in Kaduna State. The DPR North West Zonal Operational Controller, Mr Isa Tafida,...
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EEDC Stops Collection Of Cash Above N3000
January 15, 2020 No Responses

EEDC Stops Collection Of Cash Above N3000

The Enugu Electricity Distribution Company (EEDC) is to stop receiving cash payments above N3,000 from electricity consumers as from February1, 2020.In a statement issued on Wednesday by Head of Communications, EEDC, Mr Emeka Ezeh, explained that customers mak...
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Oil Prices Jump After Iranian General Killed By US
January 4, 2020 No Responses

Oil Prices Jump After Iranian General Killed By US

Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. The price of Brent crude jumped by more than 3%...
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NNPC Explains N13.23b Trade Surplus
January 3, 2020 No Responses

NNPC Explains N13.23b Trade Surplus

The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per cent compared to ₦8.59 billion surplus posted in September 2019. The Corporation disclosed this in its Mo...
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Train 7: NLNG Takes Final Investment Decision
December 28, 2019 No Responses

Train 7: NLNG Takes Final Investment Decision

Nigeria LNG Limited (NLNG) on Friday in Abuja took the Final Investment Decision (FID) for its Train 7 Project, which will increase its production by 35% and its competitiveness in the global LNG market.  A statement issued by General Manager,...
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DPR Seals 17 Filling Stations Over Sharp Practices
December 26, 2019 No Responses

DPR Seals 17 Filling Stations Over Sharp Practices

The Department of Petroleum Resources (DPR) in Gombe State on Wednesday sealed six filling stations for diversion of over 800,000 litres of petroleum product and operating with expired license. Alhaji Abdullahi Abawa, DPR Head of Operation, disclosed this shor...
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Shell, Firm Seal $307.3m LNG Deal
December 23, 2019 No Responses

Shell, Firm Seal $307.3m LNG Deal

Shipping Firm, Korea Line Corporation (KLC), part of Samra Midas Group, has signed a time charter contract for two LNG carriers with Shell Tankers (Singapore) Limited. The company in a Stock Exchange filing explained that the deal is worth KRW...
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