Energy News Archives — City Business News

January 5, 2025 No Responses

PETROAN Seeks ₦100b Grant From FG

The Petroluem Products Retail Outlets Owners Association of Nigeria (PETROAN) has appealed to President Bola Tinubu to approve ₦100bn grant to help oil marketers stay afloat. In a statement on Saturday, titled PETROAN’S Retrospect of Nigeria’s Oil and Gas Downstream...

January 3, 2025 No Responses

NNPCL Invites Obasanjo For Tour Of PH Refinery

The Nigerian National Petroleum Company Limited (NNPCL) has invited ex-President Olusegun Obasanjo to tour the Port Harcourt Refinery. According to a statement on Thursday, the NNPCL said the move was for Obasanjo to verify the operational status of...

December 21, 2024 No Responses

Ardova Reiterates Future Agenda Through Innovations

Fast growing energy company, Ardova Plc has reiterated it commitment to boost productivity in the Energy Sector through various innovations. Speaking at an interactive session with Journalists in Lagos as part of activities to mart its 60th anniversary, ...

November 13, 2024 No Responses

Shell Reiterates Support For Energy Security In Nigeria

SHELL will continue to power progress in the drive for energy security in Nigeria through its businesses in the Upstream, Midstream and Downstream and Renewables sectors, Country Chair, Shell Companies in Nigeria and Managing Director, The Shell Petroleum Deve...

March 30, 2024 No Responses

BGN, Others Secure $370m For Three New Gas Carriers

Swiss energy company BGN and Al Seer Marine, the UAE-based player across multiple marine sectors, have secured funding from several banks located in the Gulf region to support the construction of three very large gas carriers (VLGCs) in South Korea...

January 11, 2024 No Responses

Chevron Nigeria Appoints New Chairman/MD

CHEVERON Nigeria Limited, CNL, operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL, has announced the appointment of Jim Swartz as the Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, effecti...

January 11, 2024 No Responses

TotalEnergies Increases Stake In Offshore Blocks 2913B, 2912

TOTALENERGIES has signed an agreement to acquire from Impact Oil and Gas Namibia (Pty) Ltd an additional 10.5% participating interest in block 2913B and an additional 9.39% participating interest in block 2912, both operated by TotalEnergies in Namibia. TotalE...

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...

July 6, 2023 No Responses

Tinubu Backs $5b Floating LNG Project

Nigeria’s President, Bola Tinubu has pledged support for the implementation of a $5 billion floating Liquefied Natural Gas (LNG) project in the country. Tinubu gave the backing on Wednesday when he received a group of joint venture partne...

June 4, 2023 No Responses

OPEC Mulls Cut In Oil Production

The Organization of Petroleum Exporting Countries (OPEC) and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as 1 million barrels per day. Reuters reports that the group faces flagging...

May 14, 2023 No Responses

Shell, GasLog, Seal LNG Charter Deals

GasLog, International owner and operator of liquefied natural gas (LNG) carriers has entered into new time charter agreements for two of its LNG carriers. One of the time charter agreements involves GasLog Singapore LNG carrier and it was signed with New....

May 12, 2023 No Responses

Oil Falls On Weak US, Chinese Data

Oil prices fell about two per cent to a one-week low on Thursday as a political standoff over the U.S. debt ceiling stoked recession jitters in the world’s biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic...

April 14, 2023 No Responses

OPEC Predicts 2m Barrels Per Day Shortfall By Year End

The oil market is heading for a significant shortfall of around two million barrels per day at the end of the year as a result of a production cut by major producers. The Organisation of the Petroleum Exporting Countries (OPEC)...

March 23, 2023 No Responses

NLNG Joins U.N. Group To Reduce Methane Emissions, Pursues Decarbonisation

Nigeria LNG Limited (NLNG) has joined the Oil and Gas Methane Partnership (OGMP 2.0), a partnership coordinated by the United Nations Environment Programme (UNEP) to reduce methane emissions and improve the accuracy and transparency of methane emissions report...