Tag: Energy News

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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Sylva At Global Energy Forum, Insists PIA Will Enhance Energy Growth In Nigeria
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...
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Shell Closes Prelude Floating LNG
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...
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Oil Rises Ahead Of OPEC Meeting
December 2, 2021 No Responses

Oil Rises Ahead Of OPEC Meeting

Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant.U.S. West Texas Intermediate (WTI) crude...
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Crude Oil Hovers Above Six-Week Low
November 19, 2021 No Responses

Crude Oil Hovers Above Six-Week Low

Oil prices rose slightly on Thursday after dropping to six-week lows as investors wondered about how much crude major economies would release from their strategic reserves and how much that would ease global crude demand pressures. Prices fell to six-week...
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Shell Restarts Production At Offshore Gulf Of Mexico
November 6, 2021 No Responses

Shell Restarts Production At Offshore Gulf Of Mexico

Shell said on Friday it had restarted production at its offshore Mars and Ursa in the Gulf of Mexico and began exporting oil and gas through a transfer facility, which was shut due to damage from Hurricane Ida. The oil...
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Shipping: TotalEnergies, Firm Seal MoU On Energy Transition
November 1, 2021 No Responses

Shipping: TotalEnergies, Firm Seal MoU On Energy Transition

French energy major, TotalEnergies and Cyprus-based ship management and maritime service provider, Columbia Shipmanagement (CSM) have signed a memorandum of understanding (MoU) to explore various collaborative opportunities to foster energy transition, especia...
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NLNG Announces Onyemelukwe-Onuobia Winner Of $100,000 Literature Prize
October 31, 2021 No Responses

NLNG Announces Onyemelukwe-Onuobia Winner Of $100,000 Literature Prize

Cheluchi Onyemelukwe-Onuobia has emerged winner of the $100,000 NLNG Literature Prize for 2021 with her novel, the Son of the House.    Chairman, Advisory Board, the Nigeria Prize for Literature & Literary Criticism, Prof Akachi Ad...
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Seplat Energy Declares N62.6b Operating Profit, Okay $0.025 Dividend For Q3
October 29, 2021 No Responses

Seplat Energy Declares N62.6b Operating Profit, Okay $0.025 Dividend For Q3

By ebosele@hotmail.com  — Seplat Energy Plc , listed on both the Nigerian Exchange Limited and the London Stock Exchange, has reported a nine month (Q3) 2021 revenue of N182.7billion, representing a rise of 18.7 percent year-on-year. In its unaudited r...
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TotalEnergies Unveils Agenda For Autogas Stations In Abuja, Lagos
October 26, 2021 No Responses

TotalEnergies Unveils Agenda For Autogas Stations In Abuja, Lagos

TotalEnergies Nigeria Plc has concuded plans to establish two Compressed Natural Gas (CNG) stations in Abuja and Lagos.  Speaking on Tuesday in Lagos at the 15th Oil Trading and Logistics (OTL) Africa Petroleum Downstream Expo 2021, Managin...
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TotalEnergies CEO: Spike In Prices Of Gas To Stabilise After Winter
October 25, 2021 No Responses

TotalEnergies CEO: Spike In Prices Of Gas To Stabilise After Winter

The Chief Executive of TotalEnergies, Patrick Pouyanne said at the weekend that the recent gas price spike had been caused by a strong demand rebound post COVID-19 and prices were likely to stabilise after winter. “I don’t think it (gas price...
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