Category: Energy

Oil Extends Losses As Covid-19 Slows Demand
August 14, 2021 No Responses

Oil Extends Losses As Covid-19 Slows Demand

Oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions.Reuters report that Brent crude was down...
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Shell To Pay $111m Compensation To Nigerian Community
August 12, 2021 No Responses

Shell To Pay $111m Compensation To Nigerian Community

Royal Dutch Shell has agreed to pay the Nigerian community $111m (£80m) over an oil spill more than 50 years ago. A spokesman said the payment would mark the “full and final settlement” to the Ejama-Ebubu community over a spill...
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Sylva Canvasses Increase Digital Technology Investments In Exploration Of Oil, Gas
August 10, 2021 No Responses

Sylva Canvasses Increase Digital Technology Investments In Exploration Of Oil, Gas

Minister of State Petroleum Resources Chief Timipre Sylva has called for increased investments in digital technology to boost exploration in the oil and gas sector.  Delivering a graduation lecture at the National Defence College (NDC) for Course 29, on M...
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NNPC Redeploys Staff, Appoints Garba Muhammad Spokesperson
August 10, 2021 No Responses

NNPC Redeploys Staff, Appoints Garba Muhammad Spokesperson

The Management of the Nigerian National Petroleum Corporation (NNPC) has announced the promotion and redeployment of some staff to fill key vacant positions in the corporation.  In a statement issued on Monday its spokesperson, Dr Kennie Obateru, NNPC exp...
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Shell, Maritime Firm Seal Partnership
August 7, 2021 No Responses

Shell, Maritime Firm Seal Partnership

Shell Tankers (Singapore) has signed a partnership agreement with ship management company Signal Maritime placing ten Medium Range (MR) product tankers into the company’s MR pool. The company was an early adopter of the Signal Ocean platform in pro...
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NLNG Explains CSR Initiative, Gas Resources Development
August 5, 2021 No Responses

NLNG Explains CSR Initiative, Gas Resources Development

The Nigeria LNG Limited (NLNG) has so far spent about $200m on Corporate Social Responsibility (CSR) programmes as part of measures to help build the nation.    Speaking on Wednesday in Lagos at the 2021 Society of Petroleum Engineers ...
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Crude Oil Prices Slide Over Higher Output, Others
August 3, 2021 No Responses

Crude Oil Prices Slide Over Higher Output, Others

Oil prices fell by more than $1 on Monday on worries over China’s economy after a survey showed growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC&n...
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Shell Appoints Elohor Aiboni First Female MD For SNEPCO
August 2, 2021 No Responses

Shell Appoints Elohor Aiboni First Female MD For SNEPCO

Shell has appointed Mrs Elohor Aiboni  as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCO).   Media Relations Manager, Shell Petroleum Development Company of Nigeria...
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Manufacturers In Edo, Delta Lament Poor Power Supply, Others
August 1, 2021 No Responses

Manufacturers In Edo, Delta Lament Poor Power Supply, Others

The Manufacturers Association of Nigeria (MAN) has identified poor power supply, high cost of diesel and raw materials as major factors affecting the businesses of its members in Edo and Delta States.  Dr Okwara Udensi,  Chairman of MAN, Edo/Delta ch...
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Ikeja Electric Meters 400,000 Customers
July 30, 2021 No Responses

Ikeja Electric Meters 400,000 Customers

Ikeja Electric (IE) Plc said it had installed prepaid meters for about 400,000 customers out of 1.1 million since 2013.  Mr Ugo Obi-Chukwu, Chief Marketing Officer, IE, made the disclosure during a visit of the Senate Committee on Privatisation and...
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Oriental Energy Appoints Mustafa Indimi New Managing Director
July 25, 2021 No Responses

Oriental Energy Appoints Mustafa Indimi New Managing Director

By Moses Ebosele, ebosele@hotmail.com — Mustafa Indimi has been appointed the new Managing Director of Oriental Energy Resources Limited, a leading indigenous oil exploration and production company in Nigeria.    Mustafa takes over from M...
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Firm Pays N19b For Yola Electricity, To Invest N28b In Two Years
July 20, 2021 No Responses

Firm Pays N19b For Yola Electricity, To Invest N28b In Two Years

Quest Electricity Nigeria Limited has paid N19 billion to acquire Yola Electricity Distribution Company (YEDC), the Bureau of Public Enterprise (BPE) has said.  Mr Alex Okoh, the Director-General of the Bureau of Public Enterprises (BPE), said this in a s...
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Oando Enters Into Settlement With SEC
July 19, 2021 No Responses

Oando Enters Into Settlement With SEC

Oando Plc has entered into a settlement with the Securities and Exchange Commission in the overriding interest of the shareholders of the Company and the capital market.  This was contained in a Circular released by the SEC in Abuja Monday and...
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Oil Producing Nations Seal Deal To Control Prices
July 19, 2021 No Responses

Oil Producing Nations Seal Deal To Control Prices

Oil producing nations have agreed to increase their output, with the aim of reducing prices and easing pressure on the world economy.  Under the arrangement, the Opec cartel and partners such as Russia will boost supply from August after prices...
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