Tag: Energy

Edo Refinery Begins Production
January 24, 2023 No Responses

Edo Refinery Begins Production

Edo State Government-backed Edo Modular Refinery has commenced production at its 6,000bpd plant in Ologbo, Ikpoba Okha Local Government Area.  A statement sent to City Business News on Tuesday explained that the facility with its feedstock can produce 50 per...
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<strong>LNG Insurers Scramble To Retain War Cover  </strong>
December 31, 2022 No Responses

LNG Insurers Scramble To Retain War Cover  

Japan, the world’s top importer of LNG, is working with marine insurers in the country to ensure LNG imports from Russia are not jeopardized in the wake of the latest sanctions against Moscow.  Already, three companies from Japan, Tokio Marine...
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ExxonMobil Sues EU To Block Energy Windfall Tax
December 31, 2022 No Responses

ExxonMobil Sues EU To Block Energy Windfall Tax

US energy giant ExxonMobil is suing the European Union (EU) in a bid to stop its new windfall tax on oil firms.  A windfall tax is imposed on firms that benefited from something they were not responsible for.  Energy firms...
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Shell Accepts To Pay €15m Compensation To Three  farmers In Niger Delta 
December 24, 2022 No Responses

Shell Accepts To Pay €15m Compensation To Three  farmers In Niger Delta 

Shell has accepted to pay €15 million compensation to three Nigerian farmers and their villages in Niger Delta.  The News Agency of Nigeria (NAN) reports that the farmers with the help of the Friends of the Earth, Netherlands, and two...
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NNPC Disburses N15b For Lagos-Badagry Expressway Reconstruction
December 9, 2022 No Responses

NNPC Disburses N15b For Lagos-Badagry Expressway Reconstruction

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disbursed N15 billion for the reconstruction of the Lagos Badagry Expressway under the Federal Government Road Infrastructure Tax Credit (RITC) Scheme.  The N15 billion represents a 100 per c...
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UK To Double US Gas Imports
December 8, 2022 No Responses

UK To Double US Gas Imports

The United Kingdom has agreed to double imports of US gas over the next year as it tries to stabilise soaring energy prices.  Prime Minister Rishi Sunak said the plan would “bring down prices for British consumers and help end Europe’s...
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Samsung Secures $1.08b Deal For Five LNG Carriers 
November 24, 2022 No Responses

Samsung Secures $1.08b Deal For Five LNG Carriers 

South Korean shipbuilder Samsung Heavy Industries (SHI) has received orders for the construction of five liquefied natural gas (LNG) carriers.  Already, the South Korean shipbuilder signed a shipbuilding contract with an undisclosed shipowner in Oceania.&...
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<strong>NLNG Commissions Hospital Support Initiative Projects </strong>
November 20, 2022 No Responses

NLNG Commissions Hospital Support Initiative Projects 

Nigeria LNG (NLNG) Limited has commenced the commissioning of Phase 1 projects in its multi-billion-naira Hospital Support Programme (NLNG HSP) with the opening of a maternity centre at the University of Abuja Teaching Hospital (UATH), Gwagwalada.   ...
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Sylva Lauds UTM Offshore, Technical Partners On Nigeria’s First Floating LNG Facility 
November 18, 2022 No Responses

Sylva Lauds UTM Offshore, Technical Partners On Nigeria’s First Floating LNG Facility 

Nigeria’s quest for energy transition received a huge boost on Wednesday when an indigenous firm, UTM Offshore Limited signed agreements with three technical partners, Kellogg Brown and Root (KBR) UK, Japan Gas Corporation (JGC) and Technip Energies Limited,...
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QatarEnergy, MISC, Seal Five New LNG Carrier Deals 
November 9, 2022 No Responses

QatarEnergy, MISC, Seal Five New LNG Carrier Deals 

Qatar’s state-owned oil and gas company, QatarEnergy has awarded long-term charter contracts to Malaysian energy logistics group MISC Berhad and its consortium partners for additional five newbuild Liquefied Natural Gas (LNG) carriers  MISC’s con...
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<strong>Manufacturers Seek End To forex, Energy Crisis </strong>
November 4, 2022 No Responses

Manufacturers Seek End To forex, Energy Crisis 

The Manufacturers Association of Nigeria (MAN), on Thursday, tasked the Federal Government and monetary authorities to address the foreign exchange and energy crises responsible for the unfavorable movements in manufacturing indicators.  Mr Segun Ajayi-Ka...
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Conoil Shareholders Get N1.7b Dividend For 2021  
October 28, 2022 No Responses

Conoil Shareholders Get N1.7b Dividend For 2021  

Shareholders of Conoil Plc, at the weekend, unanimously approved the proposed final dividend payout of N1.734 billion, which translates to N2.50 per share, for the 2021 financial year.   The dividend payment ratified at the company’s 52nd Annual General...
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NBS: Cooking Gas Price Increases By 86.62 Percent In One Year
October 23, 2022 No Responses

NBS: Cooking Gas Price Increases By 86.62 Percent In One Year

The average price of 5kg of cooking gas increased from N4,456.56 in August to N4,474.48 in September, the National Bureau of Statistics (NBS) has stated.  It stated in its “Cooking Gas Price Watch’’ for September 2022 released on Saturday in...
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NLNG Reacts To N18.4b Compensation Reports For Host Communities
October 6, 2022 No Responses

NLNG Reacts To N18.4b Compensation Reports For Host Communities

The management of Nigeria LNG Limited  (NLNG) is evaluating the reported Senate resolution which mandated the company to pay host communities N18.4b compensation within two months.   A statement issued on Wednesday by NLNG General Manager, External Rela...
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