Category: Energy

NNPC’s Technical Firm Declares N6.758b Profit
June 19, 2019 No Responses

NNPC’s Technical Firm Declares N6.758b Profit

The National Engineering and Technical Company of Nigeria (NETCO), the engineering subsidiary of the Nigerian National Petroleum Corporation, on Tuesday posted a profit before tax of N6.75 billion for the year ended 31st December 2018 representing an increase of 107...
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Baru Decries Cross-Border Smuggling of Petroleum Products
June 19, 2019 No Responses

Baru Decries Cross-Border Smuggling of Petroleum Products

Group Managing Director of the Corporation, Dr. Maikanti Baru, called on members of the Nigerian Union of Journalists to join the Corporation is naming and shaming cross-border smugglers of petroleum products.  Dr. Baru, made the call when he played host....
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NNPC Inaugurates Trading Company’s New Office
June 15, 2019 No Responses

NNPC Inaugurates Trading Company’s New Office

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has tasked staff of the National Oil Company to boost their productivity.The NNPC helmsman’s charge came during his inauguration of a new office complex of its ...
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Daewoo Secures Order For Another LNG Carrier
June 13, 2019 No Responses

Daewoo Secures Order For Another LNG Carrier

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has secured another LNG carrier order from Maran Gas Maritime.The Greece-based shipowner, part of Angelicoussis Shipping Group, ordered the 174,000 cbm unit on June 12. The vessel will be buil...
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CMA CGM To Boost Fleet Wth 20 LNG-Fueled Ships
June 11, 2019 No Responses

CMA CGM To Boost Fleet Wth 20 LNG-Fueled Ships

On the occasion of World Environment Day, French container shipping giant CMA CGM has reiterated its commitment to the environment, striving to be a leader in the energy transition of the maritime industry.Claiming to be a pioneer in the use...
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SEC Suspends Oando’s AGM
June 10, 2019 No Responses

SEC Suspends Oando’s AGM

The Securities & Exchange Commission (SEC) has suspended the 2019 annual general meeting of oando plc earlier scheduled to told Tuesday, June 11th, 2019.In a statement on Monday morning, SEC said that, “further to the Ex-parte Order of the Federal...
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NNPC Records N174.62b Petroleum Product Sales In March
June 10, 2019 No Responses

NNPC Records N174.62b Petroleum Product Sales In March

The Nigerian National Petroleum Corporation (NNPC) on Sunday said it recorded N174.62 billion sale of white petroleum products in March.The corporation disclosed this in its March Monthly Financial and Operations Report (MFOR) released in Abuja.It says that Ma...
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LNG Firm Welcomes 173,400cbm Carrier
June 9, 2019 No Responses

LNG Firm Welcomes 173,400cbm Carrier

LNG carrier owner and operator, Flex LNG has received the 173,400 cbm carrier, Flex Constellation from South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME).According to the Oslo-listed company, Flex Constellation was delivered three weeks ahe...
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Oando: Court Restrains SEC
June 4, 2019 No Responses

Oando: Court Restrains SEC

The Federal High Court in Lagos on Monday restrained the Securities and Exchange Commission (SEC) from removing Mr. Wale Tinubu as the Group Chief Executive Officer of Oando Plc. It also barred SEC from imposing a fine on Tinubu and...
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Sunmonu, Ex-Shell Boss To Oversee Oando’s Interim Management Team
June 2, 2019 No Responses

Sunmonu, Ex-Shell Boss To Oversee Oando’s Interim Management Team

The crisis rocking Oando Plc took a new dimension on Sunday as the Securities and Exchange Commission (SEC) appoints an interim management team for the company.  According to SEC, the management team headed by Mr. Mutiu Olaniyi Adio Sunmonu CON,...
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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, inv...
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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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