Category: Energy

Minister Reiterates FG’s Commitment To End Petroleum Importation, Inspects Port Harcourt Refinery
August 26, 2023 No Responses

Minister Reiterates FG’s Commitment To End Petroleum Importation, Inspects Port Harcourt Refinery

The Nigerian Government on Friday, reiterated its commitment to end petroleum product importation soon, adding that efforts are being redoubled to restore the nation’s local refining capacity. This was made known by the Minister of State for Petroleum Resources (Oil),...
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LNG’s Plant Strike Push-Up Gas Price
August 22, 2023 No Responses

LNG’s Plant Strike Push-Up Gas Price

The prospect of a possible strike at a Liquefied Natural Gas (LNG) plant in Australia has pushed wholesale gas prices up in Europe. The Offshore Alliance union warned that a strike at the North West Shelf facility could start as...
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Oil Prices Up As Global Supply Drop
August 21, 2023 No Responses

Oil Prices Up As Global Supply Drop

Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth amid high-interest rates. Reuter report that Brent crude climbed 75 cents to $85.55 a barrel...
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$3b NNPCL/Afreximbank’s Naira Rescue Agenda Excites Tinubu
August 21, 2023 No Responses

$3b NNPCL/Afreximbank’s Naira Rescue Agenda Excites Tinubu

President Bola Tinubu is happy that the $3 billion in crude-for-cash funding secured from the African Export-Import Bank (Afreximbank) by the Nigerian National Petroleum Corporation (NNPC) Limited is gradually giving a breather to the foreign exchange market.&...
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TotalEnergies Equips LNG Carrier With Carbon Capture System
August 18, 2023 No Responses

TotalEnergies Equips LNG Carrier With Carbon Capture System

A ship-based carbon capture (SBCC) prototype developed under the EverLoNG project has been installed on an LNG-powered LNG carrier owned by energy major, TotalEnergies while in drydock in Spain. The carbon capture unit was built in the Netherlands by carbon...
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Shell Resumes Exports At Forcados Terminal
August 15, 2023 No Responses

Shell Resumes Exports At Forcados Terminal

Nigeria’s crude oil export is set to rise as Shell Petroleum Development Company (SPDC) has announced that exports of Nigeria’s Forcados grade of crude oil have resumed. Shell spokesperson told Reuters on Monday that the loading had resumed roughly a...
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Oil Prices Drop Amid Concerns Over China’s Economy
August 14, 2023 No Responses

Oil Prices Drop Amid Concerns Over China’s Economy

Oil prices eased on Monday as concerns about China’s faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. Reuters report that Brent crude futures fell 73 cents, or 0.84%,...
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Gas Retailers Task FG On More LPG Local Production
August 12, 2023 No Responses

Gas Retailers Task FG On More LPG Local Production

THE Liquefied Petroleum Gas Retailers (LPGAR) has suggested to the Federal Government to establish more local LPG production plants, and encourage storage and transportation of the product to avert price hike. Mr Ayobami Olarinoye, the Branch National Chairman...
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Edo Begins Recertification Exercise For Gas, Petrol Stations
August 12, 2023 No Responses

Edo Begins Recertification Exercise For Gas, Petrol Stations

The Edo State Government through the State’s Ministry of Physical Planning, Housing, Urban and Regional Development, has kicked off a recertification exercise for gas and petrol stations in the State. In a statement, the Permanent Secretary, Edo State Minist...
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MSC Makes Fresh Order For Ten LNG-Powered Containerships
August 9, 2023 No Responses

MSC Makes Fresh Order For Ten LNG-Powered Containerships

The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build te...
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World Bank To Fund 1,000 Solar Power Grids In Nigeria
August 6, 2023 No Responses

World Bank To Fund 1,000 Solar Power Grids In Nigeria

The World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and private sector, the lender’s president Ajay Banga said on Saturday. Nigeria, with a popula...
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NDDC Partners NLNG, To Sign MoU
August 2, 2023 No Responses

NDDC Partners NLNG, To Sign MoU

The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas (NLNG) are set to sign a Memorandum of Understanding (MoU) in furtherance of efforts to drive sustainable development in the Niger Delta region.  Speaking at the NDDC...
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Seplat Energy CEO: Energy Access Will Be Biggest Driver Of Social, Economic Development In Africa
August 2, 2023 No Responses

Seplat Energy CEO: Energy Access Will Be Biggest Driver Of Social, Economic Development In Africa

Access to affordable, reliable and sustainable energy is crucial if Africa is to achieve all 17 United Nations Sustainable Development Goals (SDGs), and energy access will be the biggest driver of social and economic development in Africa going forward, the...
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Edo To Meet Stakeholders On Regulation Of Petrol, Gas
July 23, 2023 No Responses

Edo To Meet Stakeholders On Regulation Of Petrol, Gas

The Edo State Government is to meet with stakeholders on Thursday, July 27, 2023, as part of steps to implement the Benin City and Edo State Regional Development Masterplans. In a statement, Commissioner for Physical Planning, Housing, Urban and Regional ...
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