Category: Energy

NCDMB, NLNG, PETAN, Others Oppose Hike In Content Fund
October 20, 2020 No Responses

NCDMB, NLNG, PETAN, Others Oppose Hike In Content Fund

The Nigerian Content Development and Monitoring Board (NCDMB) and key organisations in the oil and gas industry  have opposed  proposed two per cent increase in the Nigerian Content Development Fund (NCDF).  NCDMB in a statement on Monday explained that the increase is contained the proposed amendment...
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South Africa’s DNG Energy Gets LNG Bunkering Permit
October 15, 2020 No Responses

South Africa’s DNG Energy Gets LNG Bunkering Permit

South Africa’s DNG Energy has received final authorization to starts liquefied natural gas (LNG) bunkering in the Port of Coega, in the Eastern Cape.  The authorization was granted by the Transnet National Port Authority (TNPA), the company informed in ...
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CMA CGM’s LNG-Powered Giant Sets World Record
October 14, 2020 No Responses

CMA CGM’s LNG-Powered Giant Sets World Record

The 23,000 TEU CMA CGM Jacques Saade, the world’s largest LNG-powered containership, has set a world record for the number of full containers loaded on a single vessel.   On its departure from Singapore on 12 October, the new flagship of...
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Ikeja Electric Seals N11.4b Metering Contract
October 14, 2020 No Responses

Ikeja Electric Seals N11.4b Metering Contract

As part of measures to accelerate metering of customers, Ikeja Electricity Distribution Company has signed N11.4billion contract.  Speaking with Journalists on Tuesday, Chairman of the company, Mr Kola Adesina, said:: “We have signed service contracts w...
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Shell-Chartered LNG London Attains First Ship-To-Ship Milestone
October 6, 2020 No Responses

Shell-Chartered LNG London Attains First Ship-To-Ship Milestone

LNG London has successfully completed its first ship-to-ship bunkering to a cruise vessel in the port of Rotterdam.  Belgian inland transportation specialist, Victrol, explained on Monday that the development was attained on October 1, 2020.  Accordi...
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Chevron Refutes Report On Agenda To Migrate Jobs Outside Nigeria
October 3, 2020 No Responses

Chevron Refutes Report On Agenda To Migrate Jobs Outside Nigeria

The management of Chevron Nigeria Limited (CNL) has denied plans to migrate Nigerian jobs outside the country.CNL’s General Manager Policy, Government and Public Affairs, Mr Esimaje Brikinn, made the clarification in a statement on Friday.Brikinn spoke follo...
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LNG: Germany Projects Infrastructure, Investments
October 2, 2020 No Responses

LNG: Germany Projects Infrastructure, Investments

German Shipowners’ Association (VDR) has welcomed investments in the country’s supply chain logistics as well as the Brunsbüttel terminal project.   According to World Maritime, this was a result of a discussion between Ralf Nagel, Chief Ex...
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Shell To Sack 9,000 Workers
October 1, 2020 No Responses

Shell To Sack 9,000 Workers

Royal Dutch Shell has concluded plans to cut 7,000 to 9,000 jobs as it responds to challenges including the slump in oil demand amid the Covid-19 pandemic.  The oil giant said the cuts would be implemented by 2022 and included...
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NNPC, SEEPCO Seal Gas Development Deal
September 27, 2020 No Responses

NNPC, SEEPCO Seal Gas Development Deal

The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialisation of gas from the Oil Mining Lease (OML) 143.  NNPC in a statement issued o...
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Nigeria To Harness Auto Gas As Alternative To Petrol
September 27, 2020 No Responses

Nigeria To Harness Auto Gas As Alternative To Petrol

The Federal Government of Nigeria will focus on developing Compressed Natural Gas (CNG) otherwise known as auto gas, in order  to offer Nigerians an effective option to petrol, Vice President Yemi Osinbajo has said   The vice president’s spoke...
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Local Content: NNPC Seeks Capacity Upgrade for Indigenous Operators
September 23, 2020 No Responses

Local Content: NNPC Seeks Capacity Upgrade for Indigenous Operators

In order to achieve the target of reducing the cost of oil production in Nigeria on a sustainable basis, the Nigerian National Petroleum Corporation (NNPC) says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity...
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Oil Subsidy Gulps N8.9trillion In 10 Years
September 22, 2020 No Responses

Oil Subsidy Gulps N8.9trillion In 10 Years

Between 2006 and 2015, the Federal Government of Nigeria spent a total of N8.94 trillion on oil subsidy, the Petroleum Products Pricing Regulatory Agency (PPPRA) has said.  A document on subsidy issued by PPPRA on Monday explained that the subsidy...
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Shell Unveils Major Cost-Cutting Drive
September 22, 2020 No Responses

Shell Unveils Major Cost-Cutting Drive

Royal Dutch Shell is looking to slash up to 40 per cent off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power...
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Oil Refineries Struggle With Weak Demand Worldwide
September 21, 2020 No Responses

Oil Refineries Struggle With Weak Demand Worldwide

Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery work...
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