Category: Energy

Shell plays down risk of stranded oil and gas reserves
April 16, 2021 No Responses

Shell plays down risk of stranded oil and gas reserves

Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.The disclosure is...
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Oil Prices Climb On Favourable Outlook For US Fuel Demand
April 13, 2021 No Responses

Oil Prices Climb On Favourable Outlook For US Fuel Demand

Oil rose on Monday amid hopes that fuel demand is picking up in the United States as the summer driving season approaches and the rollout of COVID-19 vaccinations there accelerates, though increasing case numbers in other countries are set to...
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Shell Confirms Oil Spill In Bayelsa
April 3, 2021 No Responses

Shell Confirms Oil Spill In Bayelsa

The Shell Petroleum Development Company (SPDC) has confirmed oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the Bayelsa State Capital.The comapny’s Media Relations Manager, Bamidele Odugbesan, confirmed the incident in an interview with the...
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Hyundai, Shell Sign New Agreement To Expand Clean Energy Solutions
April 1, 2021 No Responses

Hyundai, Shell Sign New Agreement To Expand Clean Energy Solutions

Hyundai Motor Company has  signed a new five-year Global Business Cooperation Agreement with Royal Dutch Shell plc, the international energy company known as Shell — but this time with a clean mobility twist. The signing ceremony was held...
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‘Market Forces Should Determine Gas Prices’
March 30, 2021 No Responses

‘Market Forces Should Determine Gas Prices’

The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity.  Chief Executive Officer, DPR, Mr Sarki Auwalu, stated this  ...
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NLNG MD Harps On Critical Roles Of Gas Resources To Nigeria’s Development
March 29, 2021 No Responses

NLNG MD Harps On Critical Roles Of Gas Resources To Nigeria’s Development

By Moses Ebosele, ebosele@hotmail.com    — The large deposit of gas resources in Nigeria would amount to nothing if the gas is not developed and utilised urgently to meet the nation’s energy needs, the Managing Director, Nigeria LNG Limited (NLNG),...
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Shell Secures First LNG Bunkering Approval In Gibraltar
March 26, 2021 No Responses

Shell Secures First LNG Bunkering Approval In Gibraltar

Global energy giant, Shell has completed its first LNG bunkering services at the Port of Gibraltar. The Port of Gibraltar, also known as Gibraltar Harbour, is a seaport in the British Overseas Territory of Gibraltar.    The port was a ...
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Saudi Aramco To Prioritise Energy Supply To China For 50 years
March 22, 2021 No Responses

Saudi Aramco To Prioritise Energy Supply To China For 50 years

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development Forum on Sunday.Saudi Arabia,...
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Shell MD Seeks Multilateral Approach In Oil, Gas Sector
March 19, 2021 No Responses

Shell MD Seeks Multilateral Approach In Oil, Gas Sector

Managing Director, Shell Petroleum Development Company (SPDC) of Nigeria,  Mr Osagie Okunbor, has called for a multilateral approach towards efficient oil and gas sector in Nigeria.  Okunbor made the call on Thursday in Abuja, at the “Soc...
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NLNG Names Adimora-Ezigbo As Literature Prize Board Chair
March 19, 2021 No Responses

NLNG Names Adimora-Ezigbo As Literature Prize Board Chair

Nigeria LNG Limited (NLNG) has announced the appointment of Akachi Adimora-Ezeigbo, emeritus professor of English at the University of Lagos, as the chairperson of the Advisory Board for the Nigeria Prize for Literature to flag off the 2021 cycle of...
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Crude Oil Price Falls For Fifth Straight Day
March 18, 2021 No Responses

Crude Oil Price Falls For Fifth Straight Day

Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.Brent crude was down 12 cents, or 0.2%, at $67.88 a barrel...
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FEC Approves $1.5b For Rehabilitation Of Port Harcourt Refinery
March 18, 2021 No Responses

FEC Approves $1.5b For Rehabilitation Of Port Harcourt Refinery

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved 1.5billion dollars for the rehabilitation of the Port Harcourt Refinery in Rivers State.  Minister of State for Petroleum Resources, Timipre Sylva, made ...
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IPMAN To Members: Revert To Old Price Of N170
March 13, 2021 No Responses

IPMAN To Members: Revert To Old Price Of N170

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the South East zone to revert to the old price of N170 and N175 per litre.  Mr Chinedu Anyaso, Chairman of IPMAN Enugu Community Depot in charge...
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Shell Charters Ten LNG-Fueled Vessels
March 12, 2021 No Responses

Shell Charters Ten LNG-Fueled Vessels

The Hague-based Shell has signed agreements to charter ten new crude tankers powered by dual-fuel liquefied natural gas (LNG) engines.  Four of the very large crude carriers (VLCCs) have been chartered from Advantage Tankers, three from AET and three...
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