Category: Energy

NCDMB Boss Warns Against Tinkering With Petroleum Industry Act
October 26, 2023 No Responses

NCDMB Boss Warns Against Tinkering With Petroleum Industry Act

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advised that making unending changes to the structures set up by Petroleum Industry Act 2021 could kill the confidence of investors and stall...
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Chevron, Euronav, Others To Adopt Vessel Optimization Strategies
October 25, 2023 No Responses

Chevron, Euronav, Others To Adopt Vessel Optimization Strategies

Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens.  Under the ambition, the trio committed to adopt vessel optimization strategie...
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Wabote: Nigerian Oil Industry Is On Steady Growth Trend
October 24, 2023 No Responses

Wabote: Nigerian Oil Industry Is On Steady Growth Trend

The Nigerian oil and gas industry is growing steadily across several fronts despite reduced investments due to the global quest for cleaner energy and divestments of some onshore and shallow assets by a few international oil companies, the Executive Secretary....
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NLNG MD: Nigeria’s Decade Of Gas Will Support Global Energy Security
October 23, 2023 No Responses

NLNG MD: Nigeria’s Decade Of Gas Will Support Global Energy Security

The Decade of Gas plan is the most comprehensive plan to restore efforts to fully harness Nigeria’s vast gas resources and ensure a reliable global supply of gas as a clean energy source and a major fuel in the energy...
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Shell Probes Leak From Bayelsa Flow Station
October 14, 2023 No Responses

Shell Probes Leak From Bayelsa Flow Station

The Shell Petroleum Development Company of Nigeria has confirmed the October 3 oil spill from its facilities at Peremabiri community in Southern Ijaw Local Government Area of Bayelsa State. Michael Adande, a Spokesperson for SPDC, confirmed the development to ...
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Seplat CEO: Affordable, Reliable Energy Key To Creating Jobs
October 12, 2023 No Responses

Seplat CEO: Affordable, Reliable Energy Key To Creating Jobs

Affordable and reliable energy provides the right platform for businesses in Africa to create and retain jobs for its fast-growing population and further make the Continent sustainable.  Access to energy and energy security remains critical for the Contin...
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Photo News
October 10, 2023 No Responses

Photo News

L-R: Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri and the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, inspecting civil work construction at the NCDMB Gas Hub at Polak...
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NLNG Advocates For Urgent Action To Secure Gains From Gas
October 10, 2023 No Responses

NLNG Advocates For Urgent Action To Secure Gains From Gas

Nigeria must be deliberate in its desire to take opportunities offered by the energy transition, the recognition of gas as a transition fuel and the quest for clean energy to increase its gas investment and harvest the gains from gas,...
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Oil Prices Rally On Supply Disruption Fears
October 9, 2023 No Responses

Oil Prices Rally On Supply Disruption Fears

Oil prices jumped by 4% on Monday on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. BBC report that West Texas Intermediate (WTI), the benchmark for US oil, rose to more than $86...
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Shell’s LNG Bunker Vessel Debuts
October 8, 2023 No Responses

Shell’s LNG Bunker Vessel Debuts

Shell’s liquefied natural gas (LNG) bunker vessel New Frontier 2 has completed its inaugural bunker operation at the Port of Jamaica. The bunkering operation was carried out in Portland Bight with the assistance of the Maritime Authority of Jamaica and...
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NCDMB Implores Indigenous Oil Operators On Nigerian Content Act
October 5, 2023 No Responses

NCDMB Implores Indigenous Oil Operators On Nigerian Content Act

The Nigerian Content Development and Monitoring Board (NCDMB) has urged the indigenous oil operators to comply with the Nigerian Content Act so as to make the industry robust for all stakeholders. The Executive Secretary (ES), Engr. Simbi Wabote, gave this...
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OPEC Chief Warns Of Prolonged High Prices
October 3, 2023 No Responses

OPEC Chief Warns Of Prolonged High Prices

The price of oil will continue to stay elevated as demand for energy increases, says the secretary general of Opec+. Opec+ is a group of 23 oil-exporting countries which decides how much crude oil to sell on the world market....
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Oil Prices Fall As Russia, Saudi Arabia Boost Supply
September 29, 2023 No Responses

Oil Prices Fall As Russia, Saudi Arabia Boost Supply

Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday.  Reuters report that Brent.....
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QatarEnergy Places $3.9b Order For 17 LNG Carriers
September 28, 2023 No Responses

QatarEnergy Places $3.9b Order For 17 LNG Carriers

Qatar’s state-owned oil and gas company QatarEnergy has signed an agreement with South Korean shipyard HD Hyundai Heavy Industries (HHI) for the construction of 17 LNG carriers. The shipbuilding contract, valued at QR14.2 billion ($3.9 billion), was revealed...
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