Category: Energy

Seplat CEO Implores Nigeria On Critical Role Of Technology In Oil Market Competitiveness
June 10, 2021 No Responses

Seplat CEO Implores Nigeria On Critical Role Of Technology In Oil Market Competitiveness

By citybusinessnews@yahoo.com — Technology will play a key role in ensuring Nigeria stays cost competitive in today’s oil market, Mr. Roger Brown, Chief Executive Officer of Seplat Plc, has said.  The Seplat CEO said this in his keynote address titled, “Oil...
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NLNG, Three Firms Seal Domestic Supply Sales And Purchase Agreements
June 10, 2021 No Responses

NLNG, Three Firms Seal Domestic Supply Sales And Purchase Agreements

By citybusinessnews@yahoo.com — Nigeria LNG Limited (NLNG) has signed 10-year LNG Sales and Purchase Agreements (SPAs) with three offtakers for the domestic supply of Liquified Natural Gas (LNG) in the country. Under the arrangement, the Company will su...
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Timipre Sylva: Nigeria Has Achieved 35% Local Content Compliance
June 4, 2021 No Responses

Timipre Sylva: Nigeria Has Achieved 35% Local Content Compliance

The Minister of State for Petroleum Resources Chief Timipre Sylva has said that Nigeria has achieved a significant 35% local content compliance in 2021 from a dismal 5% in 2010.Speaking at the maiden edition of the African Local Content Roundtable(ALCR),...
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NNPC To Acquire Equity In Six Private Refineries
June 1, 2021 No Responses

NNPC To Acquire Equity In Six Private Refineries

By citybusinessnews@yahoo.com   — The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which ...
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Total Repositions, Shift To Renewable Energy Sources
May 30, 2021 No Responses

Total Repositions, Shift To Renewable Energy Sources

Foremost Oil and gas giant,  Total has rebranded as TotalEnergies as it shifts some of its focus towards renewable energy sources. Shareholders voted overwhelmingly in favour of the move and approved the firm’s environmental goals.  &#8220...
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Court Orders Shell To Cut Emissions By 45%
May 27, 2021 No Responses

Court Orders Shell To Cut Emissions By 45%

A Dutch court on Wednesday ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels in a landmark case brought by climate activism groups, which hailed the decision as a victory for the planet.The...
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NNPC, SNEPCo, Total, Others Seal 20 Years Deep Water Agreement
May 26, 2021 No Responses

NNPC, SNEPCo, Total, Others Seal 20 Years Deep Water Agreement

By citybusinessnews@yahoo.com  — The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners have executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years.  The partners are Shell Niger...
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LNG Firm Completes First Reloading Operation
May 25, 2021 No Responses

LNG Firm Completes First Reloading Operation

Croatia’s first Liquefied Natural Gas (LNG) import terminal, located on the island of Krk has completed its first small-scale reloading operation.  The project noted that the liquefied natural gas was reloaded from the FSRU LNG Croatia to Avenir LNG’s...
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NLNG Signs GMoU To Drive Sustainable Community Development In Rivers State
May 21, 2021 No Responses

NLNG Signs GMoU To Drive Sustainable Community Development In Rivers State

By citybusinessnews@yahoo.com   —  Nigeria LNG Limited (NLNG) has signed Global Memoranda of Understanding (GMoU) with host communities that enable the communities to take ownership and drive sustainable community development with the active supp...
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Lagos To Deploy 20,000 Prepaid Meters In Five Communities
May 12, 2021 No Responses

Lagos To Deploy 20,000 Prepaid Meters In Five Communities

The Lagos State Government on Tuesday said it would install 20,000 prepaid energy meters to five low-income communities in the state.The Commissioner for Energy and Mineral Resources, Mr Olalere Odusote made this known in Ikeja during the year 2021 Ministerial...
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SPDC’s Pipeline Spills 276 Barrels Of Crude In April
May 11, 2021 No Responses

SPDC’s Pipeline Spills 276 Barrels Of Crude In April

The 14-inch crude trunk line operated by Shell Petroleum Development Company (SPDC) in the Niger Delta region spilled 276 barrels of crude oil in three incidents in April.  The News Agency of Nigeria (NAN) learnt on Monday that the 276...
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FG Boosts Women Participation In Energy Sector With $20m
May 8, 2021 No Responses

FG Boosts Women Participation In Energy Sector With $20m

The Federal Government has allocated $20 million to support active participation of women in Oil and Gas Sector.  Minister of State Petroleum Resources, Chief Timipire Sylva made the submission, in Abuja while playing host to executive members of Wom...
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Crude Oil Extends Gains
April 29, 2021 No Responses

Crude Oil Extends Gains

Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan and Brazil.Brent crude for June edged up 8 cents, or 0.1%, to...
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IBEDC Generates N7b Monthly
April 25, 2021 No Responses

IBEDC Generates N7b Monthly

Ibadan Electricity Distribution Company (IBEDC) generates over N7 billion revenue monthly from its coverage areas.   The Chief Technical Officer of IBEDC, Mr Akin Abiodun, disclosed this on Saturday during the inauguration of a new 2.5MVA, 33KV/...
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