Category: Energy

Lagos Receives 16 Vehicles From Shell
July 8, 2020 No Responses

Lagos Receives 16 Vehicles From Shell

The Lagos State Government on Wednesday received 16 security operations vehicles from Shell Nigeria Exploration and Production Company Ltd (SNEPCo) toward enhancing security in the state. Speaking during the handover ceremony at the Lagos House, Marina, Lagos State Governor, Mr...
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600 Firms Bid For Nigeria’s 57 Marginal Oilfields
July 7, 2020 No Responses

600 Firms Bid For Nigeria’s 57 Marginal Oilfields

Over 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oilfields in Nigeria, the Department of Petroleum Resources (DPR) has said. Director of DPR, Mr Auwalu Sarki made the disclosure while speaking on Tuesday in a.....
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NCDMB Signs Agreements On Energy Park In Edo, Oil Blending Plant In Bayelsa
July 3, 2020 No Responses

NCDMB Signs Agreements On Energy Park In Edo, Oil Blending Plant In Bayelsa

The Nigerian Content Development and Monitoring Board (NCDMB) has signed an equity investment agreement with Duport Midstream Company for the establishment of an Energy Park in Egbokor, Edo State. The Board also signed an equity investment agreement with Erask...
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Conoil Records N139.8b Turnover, Declares N2 Dividend For 2019
July 1, 2020 No Responses

Conoil Records N139.8b Turnover, Declares N2 Dividend For 2019

For the financial year ended December 31, 2019, Conoil Plc recorded a turnover of N139.8 billion, representing an increase of 14.4 per cent when compared with N122.21 billion achieved in the corresponding period in 2018. In a statement on Tuesday,...
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Buhari Pledges Speedy Completion Of $2.5b Ajaokuta-Kaduna-Kano Gas Pipeline Project
June 30, 2020 No Responses

Buhari Pledges Speedy Completion Of $2.5b Ajaokuta-Kaduna-Kano Gas Pipeline Project

President Muhammadu Buhari on Tuesday in Abuja affirmed the Nigerian government’s commitment to ensure timely delivery of the landmark Ajakuota-Kaduna-Kano Gas (AKK) gas pipeline project within budgetary allocation and specifications. Speaking at the virtual...
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Ikeja Electric Begins Implementation Of New Tariff July 1
June 26, 2020 No Responses

Ikeja Electric Begins Implementation Of New Tariff July 1

Ikeja Electric Plc (IE) is to  begin implementation of its revised electricity tariff from July 1, 2020. A statement issued on Friday by Head of Corporate Communications, Mr Felix Ofulue explained that the new tariffs, which are service reflective, are end-u...
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Sabrud Consortium Seeks Special Forex Regime For Meter Manufacturers
June 25, 2020 No Responses

Sabrud Consortium Seeks Special Forex Regime For Meter Manufacturers

Sabrud Consortium, an indigenous electricity prepaid metre manufacturing firm, has urged the Federal Government to grant special forex regime to the sector. It also applauded the upward review of metre prices by Nigerian Electricity Regulatory Commission (NERC...
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Total Receives New LNG Carrier
June 23, 2020 No Responses

Total Receives New LNG Carrier

Greece-based shipping company, TMS Cardiff Gas has taken delivery of a new LNG tanker built by South Korea’s shipbuilder Samsung Heavy Industries.  The newest addition to the shipping company’s fleet is the 174,000-cbm Qogir.  Qogir was subsequen...
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COVID-19: NLNG Donates $300,000 Medical Equipment To Lagos State
June 18, 2020 No Responses

COVID-19: NLNG Donates $300,000 Medical Equipment To Lagos State

Nigeria LNG Limited (NLNG) on Thursday donated medical equipment to the Lagos State Government as part of its contribution to the $30 million Oil and Gas Industry Collaborative Initiative, spearheaded by Nigerian National Petroleum Corporation (NNPC) to fight ...
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NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari
June 17, 2020 No Responses

NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said its target is to grow the nation’s reserve to 40 billion barrels by the year 2023. Malam Mele Kyari, Group Managing Director, NNPC, disclosed this during the unveiling of 2D seismic...
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Expert To FG: List NNPC On Stock Exchange
June 16, 2020 No Responses

Expert To FG: List NNPC On Stock Exchange

The federal government has been urged to prioritise the listing of the Nigerian National Petroleum Corporation (NNPC) on the Nigerian Stock Exchange (NSE) as part of its Economic Sustainability Plan. Uche Uwaleke, Professor of Capital Market at the Nasarawa St...
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Tony Attah, MD/CEO, Nigeria LNG Limited’s Speech During A Visit To Governor Nyesom Wike
June 9, 2020 No Responses

Tony Attah, MD/CEO, Nigeria LNG Limited’s Speech During A Visit To Governor Nyesom Wike

I must start by offering the good wishes of the Nigeria LNG family and our sincere appreciation for the tremendous efforts of the Government of Rivers State, under your astute leadership, in fighting the onslaught of the Coronavirus pandemic in...
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BP To Cut 10,000 Jobs As Coronavirus Hits Demand For Oil
June 9, 2020 No Responses

BP To Cut 10,000 Jobs As Coronavirus Hits Demand For Oil

BP has announced plans to cut 10,000 jobs following a global slump in demand for oil because of the coronavirus crisis. The oil giant had paused redundancies during the peak of the pandemic but told staff on Monday that around...
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Eni In Major overhaul, Shifts Toward Renewable Energy
June 8, 2020 No Responses

Eni In Major overhaul, Shifts Toward Renewable Energy

Italian energy giant Eni has announced a major overhaul of its business as it steps up efforts toward energy transition. The company will create two business units with one focused on oil and gas called “Natural Resources” and the second...
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