Category: Energy

Oando To SEC: Alleged Infractions Are Unsubstantiated
June 1, 2019 No Responses

Oando To SEC: Alleged Infractions Are Unsubstantiated

The management of Oando Plc has resolved to challenge the Securities and Exchange Commission (SEC) on the outcome of its forensic audit.  The company is of the view that the alleged infractions and penalties are unsubstantiated, ultra vires, invalid and calculated to prejudice the business of the&nb...
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SEC Alleges Serious Infractions At Oando, Directs Wale Tinubu, Others To Resign
May 31, 2019 No Responses

SEC Alleges Serious Infractions At Oando, Directs Wale Tinubu, Others To Resign

The Securities and Exchange Commission, SEC, has concluded investigation of Oando Plc and directed among others the resignation of affected Board Members. The commission in a statement on Friday also barred the Group Chief Executive Officer (GCEO), Wale T...
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Cameron Begins LNG Export
May 31, 2019 No Responses

Cameron Begins LNG Export

All is now set for the export of Liquefied Natural Gas (LNG) from Cameron.  The 177,000 cbm LNG carrier Marvel Crane is poised to become the first ship to load LNG cargo from the Cameron LNG project that started production...
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Shell Nigeria Spends N221m On Infrastructural Projects In Rivers communities
May 24, 2019 No Responses

Shell Nigeria Spends N221m On Infrastructural Projects In Rivers communities

Shell Petroleum Development Company on Thursday said it invested over N221.08 million on several infrastructural projects in nine host Etche communities in Rivers. SPDC’s General Manager, External Relations, Igo Weli, spoke on Thursday at the formal handover...
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Firm To Power Vessels With Dead Fish
May 23, 2019 No Responses

Firm To Power Vessels With Dead Fish

Norwegian expedition cruise company, Hurtigruten has confirmed plans to power its ships with fuel made from dead fish and other organic waste.As informed, Hurtigruten and compatriot firm Biokraft have signed a 7.5-year liquefied biogas (LBG) supply d...
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Intels Denies Owing NPA
May 22, 2019 No Responses

Intels Denies Owing NPA

The Management of Nigeria’s oil and gas logistics giant, Intels Nigeria Limited said it is not indebted to the Nigerian Ports Authority (NPA), but rather NPA owes it more than US$750 million. The company, which issued a statement on Tuesday...
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NNPC To Inaugurate Largest LPG Storage In Edo
May 20, 2019 No Responses

NNPC To Inaugurate Largest LPG Storage In Edo

The Nigerian National Petroleum Corporation says it will unveil the largest Liquefied Petroleum Gas also known as cooking gas and Propane Storage and dispensing facility in Oredo, Benin City, Edo State. The Corporation disclosed this in a statement by its...
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APM Terminals Expands Scope, Integrates Into Maersk Logistics & Services
May 16, 2019 No Responses

APM Terminals Expands Scope, Integrates Into Maersk Logistics & Services

Come August 1, 2019, APM Terminals Inland Services will be integrated into Maersk Logistics & Services, providing customers with seamless access to a wider range of logistics & services offerings. This is a next step for A.P. Moller – Maersk...
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NIMASA Commences Process To End Gas Emission On Vessels
May 15, 2019 No Responses

NIMASA Commences Process To End Gas Emission On Vessels

The Nigerian Maritime Administration and Safety Agency (NIMASA) on May 10 had a landmark inaugural installation ceremony of the Thorium-X tablet, a fuel consumption data collection device, on board a Nigerian-flagged fuel tanker vessel, MT KINGIS, commencing t...
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COSCO Shipping Seals $3b Port Deal
May 15, 2019 No Responses

COSCO Shipping Seals $3b Port Deal

Hong Kong-based port operator, COSCO Shipping Ports has completed the equity transaction of project company responsible for its greenfield subsidiary at the Port of Chancay, Peru.Following the official completion of the transaction on May 10, Port of Chancay ...
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Winner Of Nigeria Prize For Science To Get $100,000
May 15, 2019 No Responses

Winner Of Nigeria Prize For Science To Get $100,000

Twenty-nine (29) scientists will vie to find long-lasting solutions to erosions, droughts and desertification plaguing different parts of the country in the 2019 edition of the Nigeria Prize for Science sponsored by Nigeria LNG Limited (NLNG). The science...
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Shell Nigeria Targets 2,400MW Electricity From Gas Project In Imo
May 14, 2019 No Responses

Shell Nigeria Targets 2,400MW Electricity From Gas Project In Imo

The ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2400 Megawatts which is enough to provide uninterrupted electricity to about 2.4....
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Dakuku: Special Tax Regime For Maritime Sector Under Consideration
May 8, 2019 No Responses

Dakuku: Special Tax Regime For Maritime Sector Under Consideration

The Federal Government Wednesday, assured the international oil and Gas community that the Nigerian maritime sector is safe for investment and special tax regime are under consideration to grow capacity for the industry in the country. Addressing Journalists a...
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Shell Opens New LNG Terminal
May 8, 2019 No Responses

Shell Opens New LNG Terminal

Shell in partnership with Gasnor has opened  a new Liquefied Natural Gas (LNG) regasification terminal at Gibraltar. The terminal, which will be operated by Shell’s Gasnor subsidiary will allow the British Overseas Territory to switch from diesel-fueled pow...
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