Energy Archives — City Business News

May 24, 2022 No Responses

At NCDMB Summit, FG Seeks Domestic Refining Capacity Synergy

By Moses Ebosele, ebosele@hotmail.com — The Federal Government has called for synergy among stakeholders in the midstream and downstream sector as part of measures to strengthen local content and boost the country’s domestic refining capacity. In an address at the opening...

May 19, 2022 No Responses

Seplat Post $177m Pre-Tax Profit For 2021

Seplat Energy Plc has recorded a pre-tax profit of $177million for the year ended December 2021, amounting to 321 per cent higher than the $80 million recorded by the company, which is listed on the Nigerian Exchange and the London...

May 18, 2022 No Responses

Sylva Lauds Seplat On Exxon Mobil Shares Acquisition

Minister of State, Petroleum Resources, Chief Timipre Sylva has commended Seplat Energy Plc on its recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation, Delaware, United States of America.&...

May 18, 2022 No Responses

Heirs Oil & Gas’ OML 17wins PFI Africa Deal Of The Year

Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’byProject Finance International (PFI), following the $1.1 billion financing and acquisition of45% stake in OML 17 in 2021. The award ceremony which took placeon Monday,...

May 17, 2022 No Responses

NLNG At 33, Counts Gains

By Moses Ebosele, ebosele@hotmail.com The Nigeria Liquefied Natural Gas (NLNG) has reiterated its commitment to provide cleaner energy to Nigeria and the world. In a message to mark 33 years of existence on Tuesday, the Managing Director/Chief Execu...

May 17, 2022 No Responses

Samsung Secures Order For 11 New LNG Carriers

South Korean shipbuilders Korea Shipbuilding & Offshore Engineering and Samsung Heavy Industries have won orders for a total of seven new LNG carriers. On 17 May, KSOE said it won a $910 million (1.17 trillion KRW) order to construct...

May 17, 2022 No Responses

NCDMB To Host Summit On Midstream, Downstream Operations

By Moses Ebosele, ebosele@hotmail.com The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to host the maiden edition of the Nigerian Content Midstream/Downstream Oil & Gas Stakeholders Summit, with theme, Maximizing...

May 16, 2022 No Responses

NPA Partners NLNG On Vessel Traffic Services

By ebosele@hotmail.com The Nigerian Ports Authority (NPA) is working closely with the Nigeria Liquefied Natural Gas (NLNG) to deploy Vessel Traffic Services (VTS) in Bonny. Already, arrangements are being put in place for survey as part...

May 16, 2022 No Responses

TotalEnergies, Partners Inaugurate Projects In Six States

As part of its Batch 4 Corporate Social Responsibility (CSR) projects, TotalEnergies and partners have inaugurated projects in the states of Borno, Benue, Kaduna, Gombe, Delta and Anambra. A statement issued on the company’s website on Sunday said the ...

May 12, 2022 No Responses

NLNG’s Science Prize Judges Receive 107 Entries For 2022 Cycle

The panel of judges for The Nigeria Prize for Science has received the entries from scientists worldwide for the 2022 edition, signalling the commencement of the race to find a winner with the best scientific or research work on the theme...

May 11, 2022 No Responses

Germany Unveils Bill To Accelerate The Use Of LNG

Germany’s government has taken another important step to reduce dependence on Russian energy imports by agreeing on a formulation of the draft law on the acceleration of the use of LNG. The Federal Ministry of Economics and Climate Protection...

May 7, 2022 No Responses

How To Improve Diversity, Inclusion In Energy Sector, By Seplat

Diversity and inclusion has been described as the bedrock of strength, knowledge and expertise in the energy sector. According to The Director, External Affairs and Sustainability, Seplat Energy Plc, Dr Chioma Nwachuku, it has also been responsible for the inc...

May 7, 2022 No Responses

Efforts To Reduce Global Gas Flaring Stalled

C The World Bank says global progress to reduce gas flaring, the wasteful industry practice of burning natural gas during oil production has stalled in the last 10 years. This is contained in a statement obtained from the World Bank...

May 7, 2022 No Responses

France LNG Shipping Secures LNGC Charter Deal With EDF

French ship-owning company, France LNG Shipping has signed another long-term charter contract for a new LNG carrier with EDF LNG Shipping, a subsidiary of Electricité de France. According to World Maritime News, South Korean shipyard, Hyundai Samho...