Energy Business Archives — City Business News

April 19, 2024 No Responses

NNPCL, NCDMB, SNEPCo, Total Energies, Others Donate 2,300-Seater Library To Niger Delta University

As part of its commitment to encourage learning and academic excellence, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partners in OML 18 – the Nigerian Content Development & Monitoring Board (NCDMB), Shell Nigeria Exploration and...

April 17, 2024 No Responses

Again, Dangote Crashes Diesel Price

Dangote Petroleum Refinery, on Tuesday, announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. While rolling out the products, recently, the refinery supplied at a reduced price of N1,200 per litre, representing over 30 per cen...

April 15, 2024 No Responses

NIPCO Completes Four CNG Stations In Lagos

NIPCO Plc has completed four Compressed Natural Gas (CNG) stations in Lagos. The Managing Director of NIPCO Gas Ltd., Mr Nagendra Verma, who disclosed this on Sunday explained that the stations are set for inauguration in May. Verma, who highlighted...

March 1, 2024 No Responses

Seplat Energy Appoints Udo Udoma Chairman

Seplat Energy Plc has announced the appointment of Mr. Udoma Udo Udoma as the Company’s new Independent Non-Executive Chairman to succeed Mr. Basil Omiyi who will retire on March 31, 2024. City Business News reports that Mr. Udoma’s appointment was...

February 29, 2024 No Responses

NLNG Seeks Enhanced Digitalisation In The Nigerian Energy Sector

Nigeria LNG Limited (NLNG) has called on players in the Nigerian energy industry to draw insights from NLNG’s ongoing integration of digital technologies to improve operational efficiency, reduce emissions, increase revenue and remain competitive as it d...

February 14, 2024 No Responses

Seplat Energy Attains ISO 26000 On Social Responsibility

Seplat Energy Plc has achieved the ISO 26000 endorsement, which is a major milestone that reinforces the Company’s commitment to social responsibility. The Company’s ISO 26000 journey commenced in September 2021 and was concluded in 2...

January 13, 2024 No Responses

Dangote Refinery Begins Production

By Moses Ebosele, ebosele@hotmail.com — Dangote Refinery, the largest single-train refinery in the world commenced production on Friday, January 12, 2024. Earlier scheduled to begin operations in June 2023, the oil refinery received its first crude ...

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.....

September 19, 2023 No Responses

Oil Prices Rise On Supply Deficit Concerns

Oil prices rose on Tuesday for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. Reuters report that U.S. West Texas...

March 20, 2023 No Responses

Oil Edges Up On Historic Swiss Banks Deal

Oil prices rose on Monday after suffering their biggest weekly loss in months as UBS struck a deal to buy Credit Suisse and some of the world’s largest central banks sought to reassure and stabilise global financial markets. Brent crude...

October 2, 2022 No Responses

MISC, ExxonMobil Unit, Strengthen LNG Carrier Deal

MISC Berhad (MISC), owner and operator of Liquefied Natural Gas (LNG) carriers, has strengthened its partnership with ExxonMobil’s unit SeaRiver Maritime with new long-term time charter contracts. Meanwhile, MISC has also signed an agreement with ...

December 10, 2021 No Responses

Sylva At Global Energy Forum, Insists PIA Will Enhance Energy Growth In Nigeria

Minister of State, Petroleum, Chief Timipre Sylva has declared that the Petroleum Industry Act (PIA} will enhance energy growth and sustainability in Nigeria. Speaking as a participant at a ministerial roundtable, at the World Petroleum Congress (WPC), i...

December 6, 2021 No Responses

OPEC To Sustain Supply Adjustments For Oil Market

The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for the oil market, Secretary-General, Mohammad Barkindo, declared at the weekend.“We will continue to do what we know best to ensure we attain stab...

December 4, 2021 No Responses

Shell Closes Prelude Floating LNG

Shell has shut down its Prelude Floating Liquefied Natural Gas (FLNG) facility offshore Western Australia due to a fire incident. Shell operates the Prelude FLNG, located at Browse Basin, 475 kilometres from Broome in Western Australia. S...