Tag: Energy

Quest Electricity Nigeria Limited has paid N19 billion to acquire Yola Electricity Distribution Company (YEDC), the Bureau of Public Enterprise (BPE) has said.  Mr Alex Okoh, the Director-General of the Bureau of Public Enterprises (BPE), said this in a s...

Oil producing nations have agreed to increase their output, with the aim of reducing prices and easing pressure on the world economy.  Under the arrangement, the Opec cartel and partners such as Russia will boost supply from August after prices...

Shell Tankers (Singapore) has inked new charter agreements with Knutsen LNG, Pan Ocean and investors advised by J.P. Morgan Asset Management for six Liquified Natural Gas (LNG) ships, bringing its LNG carrier fleet to a total of 24 vessels.  Sla...

A technology firm, OneWattSolar (OWS), has announced the successful issuance of the first series of its N10 billion Green Bond Issuance Programme.  The programme comprised a N2 billion seven-year Green Bond Issue (Tranche I) and a N1 billion seven-year Gr...

Kano State Government on Friday signed a Memorandum of Understanding (MoU) with the Nigeria National Petroleum Corporation (NNPC) and  Gas Aggregation Company Nigeria (GACN) Limited on the Ajaokuta-Kaduna-Kano (AKK) pipelines gas project.   Spea...

Oil prices on Wednesday extended the previous day’s small gains after an industry report showed U.S. crude stockpiles fell last week, overriding trader and investor concerns about transportation curbs in some countries as COVID-19 cases surge.Brent crud...

The Federal High Court, Abuja, has ordered Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the oil communities in Ibeno Local Government Area of Akwa Ibom State a cumulative damages of N81.9 billion ove...

The proposal to introduce fuel levy in the shipping industry to help speed up the transition from fossil fuels to zero-carbon alternatives has been postponed until the next International Maritime Organisation and Marine Environment Protection Committ...

Brazilian oil and gas major Petrobras has signed a contract with a joint venture formed by Saipem and DSME in the amount of $2.3 billion for the supply of P-79, the eighth unit to be installed in Búzios field, in...

The Federal government has signed shareholders agreement on construction of Brass Petroleum products Terminal Limited ( BPPT) to help curb illegal refining and stabilise products pricing in the Niger Delta region.   Chief Timipre Sylva, Minister of s...

Executive Director Commercial and Strategy, TotalEnergies, Mr George Oguachuba,  says the company targets 50 per cent gas energy mix by 2030.  Oguachuba made this known at a panel discussion at the 4th Nigeria International Petroleum Summit in A...

By citybusinessnews@yahoo.com — Nigeria LNG Limited (NLNG) has signed 10-year LNG Sales and Purchase Agreements (SPAs) with three offtakers for the domestic supply of Liquified Natural Gas (LNG) in the country. Under the arrangement, the Company will su...

The Minister of State for Petroleum Resources Chief Timipre Sylva has said that Nigeria has achieved a significant 35% local content compliance in 2021 from a dismal 5% in 2010.Speaking at the maiden edition of the African Local Content Roundtable(ALCR),...