Tag: Energy News

EU, US Seal Gas Deal
March 26, 2022 No Responses

EU, US Seal Gas Deal

The United States (US)  and the European Union (EU) have announced a major deal on liquified natural gas, in an attempt to reduce Europe’s reliance on Russian energy.  BBC reports that the agreement will see the US provide the EU with...
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Manufacturers Seek FG’s Intervention As Diesel Hits N720 Per Litre  
March 14, 2022 No Responses

Manufacturers Seek FG’s Intervention As Diesel Hits N720 Per Litre  

The Manufacturers Association of Nigeria (MAN), is seeking urgent intervention from the Federal Government to support the production of goods, as diesel price hits N720 per litre.  Mr Lanre Popoola, the Chairman, Manufacturers Association of Nigeria (MAN)...
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NLNG, NCDMB, SNEPCo, Chevron, TotalEnergies, Others Bag Awards At 2022 NIES
March 1, 2022 No Responses

NLNG, NCDMB, SNEPCo, Chevron, TotalEnergies, Others Bag Awards At 2022 NIES

The Nigeria LNG Company Ltd. (NLNG) has won the 2021 Gas Infrastructure Project Company of the year award in the Nigeria oil and gas sector.  The award was conferred on the company at the gala night of the fifth Nigeria...
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BP To Offload Stake In Russian Oil Firm
February 28, 2022 No Responses

BP To Offload Stake In Russian Oil Firm

BP is to offload its 19.75% stake in Russian state-owned oil firm Rosneft after Russia’s “act of aggression in Ukraine”. The oil giant had come under pressure from the UK government to make the move since Thursday’s invasion.  It h...
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Shell Reiterates Commitment To Lower CO2 Emissions In Nigeria
February 23, 2022 No Responses

Shell Reiterates Commitment To Lower CO2 Emissions In Nigeria

Nigeria’s leading energy company, Shell, has reiterated its commitment to supporting efforts to help the country meet its lower carbon emission target.  “Apart from this being the right thing to do, it is also good for our business in Nigeria,”...
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Gas Exporting Countries Okay Doha Declaration, Algeria To Host 2023 Summit 
February 23, 2022 No Responses

Gas Exporting Countries Okay Doha Declaration, Algeria To Host 2023 Summit 

The Heads of State and Government of the Gas Exporting Countries Forum (GECF) Member Countries endorsed the Doha Declaration at the end of their 6th Summit, which was underpinned by a spirit of solidarity and cooperation. The Doha Declaration also...
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ExxonMobil Eyes More Long-Term Gas Supply Deals With India
February 5, 2022 No Responses

ExxonMobil Eyes More Long-Term Gas Supply Deals With India

Global energy major ExxonMobil is looking at signing more long-term gas sales deals with India as rising spot prices have added to the appeal of longer duration contracts.“We’re certainly happy to work with our friends and partners in India to ...
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Nigeria’s Fuel Subsidies Back Under The Spotlight
February 5, 2022 No Responses

Nigeria’s Fuel Subsidies Back Under The Spotlight

By LukmanOtunuga, Senior Research Analyst At FXTM — The explosive surge in oil prices over the past few months has been good news to energy producing countries including Nigeria. It is worth keeping in mind that Africa’s largest economy acquires...
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2021:Shell Declares $20.1b Net Profit
February 4, 2022 No Responses

2021:Shell Declares $20.1b Net Profit

Shell surged back into profit last year as oil prices rocketed on recovering demand with economies reopening from pandemic lockdowns. Net profit stood at US$20.1 billion following a loss after tax of US$21.7 billion in 2020, Shell said in a...
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Deregulation: FG Introduces Infrastructure Fund For Auto Gas Transition
January 26, 2022 No Responses

Deregulation: FG Introduces Infrastructure Fund For Auto Gas Transition

The Federal Government says it will take into consideration infrastructure fund for the midstream and downstream sector targeted at developing gas infrastructure to actualise Auto Gas Transition.  Chief Timipre Sylva, Minister of State for Petroleum Resou...
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Oil Prices Hit Seven-Year High
January 19, 2022 No Responses

Oil Prices Hit Seven-Year High

The price of oil hit its highest level in more than seven years on Tuesday as traders worried that an attack on a fuel storage facility in the Middle East could affect supply.  A suspected drone attack by Yemeni Houthi...
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NLNG Debunks Train 7 Project Vacancies
January 13, 2022 No Responses

NLNG Debunks Train 7 Project Vacancies

The Nigerian Liquefied Natural Gas  (NLNG) has debunked an online advertisement announcing vacancies for its Train 7 Project positions.  A statement issued on Wednesday by General Manager, External Relations and Sustainable Development; Andy Ode...
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Oil Heads For Biggest Yearly Gains In 12 Years
December 31, 2021 No Responses

Oil Heads For Biggest Yearly Gains In 12 Years

Prices of oil fell one per cent on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record...
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Court Blocks Shell’s Oil Exploration
December 29, 2021 No Responses

Court Blocks Shell’s Oil Exploration

A South African court has halted oil giant Shell’s seismic testing for oil and gas along the country’s eastern coastline, pending a final ruling.  The decision has been hailed by environmentalists who fear that the sound blasting will harm mar...
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