Category: Energy

Firm Earmarks $3b For Eleven LNG Carriers
November 16, 2023 No Responses

Firm Earmarks $3b For Eleven LNG Carriers

After revealing plans to shift its business focus towards the LNG carrier sector, Capital Product Partners L.P. (CPLP) has now entered into an agreement to acquire eleven newbuild LNG carriers for a total price of $3.1 billion. Under the agreement,...
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NNPC Tasks Stakeholders On Diversified Energy Portfolio
November 15, 2023 No Responses

NNPC Tasks Stakeholders On Diversified Energy Portfolio

The Group Chief Executive Officer, Nigerian National Petroleum Corporation Limited (NNPC Ltd), Mele Kyari has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape.  Kyari gave...
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Roger Brown: Africa Should Reposition Energy Industry For The Future 
November 15, 2023 No Responses

Roger Brown: Africa Should Reposition Energy Industry For The Future 

Africa should reposition the energy industry for the future and become much more efficient with its energy resources, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown has said. He urged African countries to accept the fact that energy...
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NCDMB Partners SLB, Varsities, Unveil Software Solutions For Oil, Gas Industry
November 15, 2023 No Responses

NCDMB Partners SLB, Varsities, Unveil Software Solutions For Oil, Gas Industry

The Nigerian Content Development and Monitoring Board (NCDMB) and SLB, a global technology company on Tuesday in Lagos unveiled the first three products of their joint program, the NCDMB-SLB Technology Enhancement Program (N-STEP), a platform whereby students ...
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Wabote Canvases Increased Crude Oil, Gas Production To Avert Importation for Refineries
November 14, 2023 No Responses

Wabote Canvases Increased Crude Oil, Gas Production To Avert Importation for Refineries

The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that Nigeria might resort to importing crude oil for its upcoming and existing refineries if concerted efforts are not made to increase the ...
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NNPC Settles PENGASSAN-Total Energies Rift, Restores Production of 275,000bopd
November 13, 2023 No Responses

NNPC Settles PENGASSAN-Total Energies Rift, Restores Production of 275,000bopd

Following a peace deal brokered on Sunday by the Nigerian National Petroleum Company Limited, NNPCL, between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Niger...
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Corporate Governance: NCDMB Counsels Heritage Energy, Indigenous Firms On NC Compliance
November 11, 2023 No Responses

Corporate Governance: NCDMB Counsels Heritage Energy, Indigenous Firms On NC Compliance

The management of Heritage Energy Operational Services Limited (HEOSL) and other indigenous oil and gas companies have been advised to adopt strict corporate governance guidelines in their operations if they want their firms to grow sustainably. The companies ...
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Russia-Ukraine Crisis Takes Toll On Nigeria’s Crude
November 9, 2023 No Responses

Russia-Ukraine Crisis Takes Toll On Nigeria’s Crude

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international oil market, leading to a dip in demand from the once-depend...
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Train-7 Project Hits 52%, Employs 8,300 Persons
November 7, 2023 No Responses

Train-7 Project Hits 52%, Employs 8,300 Persons

The ongoing construction of the $5bn Train-7 project being undertaken by the Nigeria Liquefied Natural Gas (NLNG) at Finima, Bonny Island, Rivers State has reached 52 percent and currently engages 8,300 Nigerians of diverse skill sets. These facts emerged on.....
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Seplat Energy Appoints Three Independent Non-Executive Directors
November 2, 2023 No Responses

Seplat Energy Appoints Three Independent Non-Executive Directors

The Board of Directors of Seplat Energy Plc has announced the appointment of Mr. Christopher John Okeke, Mr. Udoma Udo Udoma and Mr. Babs Omotowa as Independent Non-Executive Directors of the Company. A statement sent to City Business News explained that....
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Wabote: Two Edo Refineries To Boost Nigeria’s 1.5m bpd Refining Capacity By 2025
October 30, 2023 No Responses

Wabote: Two Edo Refineries To Boost Nigeria’s 1.5m bpd Refining Capacity By 2025

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said that the two refineries in Edo State, the Edo Refinery and Duport Midstream Refinery, which are currently refining pet...
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Hyundai Seals $3.9b Deal With Qatar For 17 LNG Carriers
October 29, 2023 No Responses

Hyundai Seals $3.9b Deal With Qatar For 17 LNG Carriers

South Korean shipbuilding major, HD Hyundai Heavy Industries, has signed the contract for the construction of 17 liquefied natural gas (LNG) carriers with Qatar Energy worth $3.9 billion. The contract signing was held as part of South Korea’s President Yoon....
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NCDMB Boss Warns Against Tinkering With Petroleum Industry Act
October 26, 2023 No Responses

NCDMB Boss Warns Against Tinkering With Petroleum Industry Act

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advised that making unending changes to the structures set up by Petroleum Industry Act 2021 could kill the confidence of investors and stal...
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Chevron, Euronav, Others To Adopt Vessel Optimization Strategies
October 25, 2023 No Responses

Chevron, Euronav, Others To Adopt Vessel Optimization Strategies

Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens.  Under the ambition, the trio committed to adopt vessel optimization strategie...
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