Tag: Energy News

Saudi Oil Giant Tops Own Record With $48.4b Profit 
August 15, 2022 No Responses

Saudi Oil Giant Tops Own Record With $48.4b Profit 

Saudi oil giant Aramco has broken its own record with a $48.4bn (£39.8bn) profit for the second quarter of 2022.  It is a 90% year-on-year increase and marks the biggest earnings for the world’s largest energy exporter since its public...
read more
NCDMB Partners Shell, Exxon, NAOC On Oil & Gas Parks
July 2, 2022 No Responses

NCDMB Partners Shell, Exxon, NAOC On Oil & Gas Parks

By Moses Ebosele, ebosele@hotmail.com — Major international operating oil and gas companies, notably Shell Petroleum Development Company (SPDC) and Exxon Mobil Nigeria, and the Nigerian Agip Oil Company (NAOC) have made significant investments in suppor...
read more
Oil Tumbles On Global Economic Worries
May 11, 2022 No Responses

Oil Tumbles On Global Economic Worries

Oil prices tumbling more than 1% on Tuesday, extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand.  Reu...
read more
Forte Upstream Services Gets ISO 9001:2015 Certification
May 2, 2022 No Responses

Forte Upstream Services Gets ISO 9001:2015 Certification

Forte Upstream Services Limited has received the ISO 9001:2015 certification for its quality management system. A statement explained that the certificate was presented by the Standard Organization of Nigeria (SON) to the company on Thursday, 28th April 2022 a...
read more
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...
read more
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)...
read more
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...
read more
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...
read more
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,”...
read more
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...
read more
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 ...
read more
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...
read more
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...
read more
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...
read more
1 2 3 4 5 6