Energy Archives — Page 12 of 62

October 10, 2023 No Responses

NLNG Advocates For Urgent Action To Secure Gains From Gas

Nigeria must be deliberate in its desire to take opportunities offered by the energy transition, the recognition of gas as a transition fuel and the quest for clean energy to increase its gas investment and harvest the gains from gas,...

October 5, 2023 No Responses

NCDMB Implores Indigenous Oil Operators On Nigerian Content Act

The Nigerian Content Development and Monitoring Board (NCDMB) has urged the indigenous oil operators to comply with the Nigerian Content Act so as to make the industry robust for all stakeholders. The Executive Secretary (ES), Engr. Simbi Wabote, gave this...

October 3, 2023 No Responses

OPEC Chief Warns Of Prolonged High Prices

The price of oil will continue to stay elevated as demand for energy increases, says the secretary general of Opec+. Opec+ is a group of 23 oil-exporting countries which decides how much crude oil to sell on the world market....

September 15, 2023 No Responses

Dana Motors Introduces CNG-Powered Vehicles In Nigeria

In response to rising fuel costs and increasing vehicle expenses, Dana Motors Limited, the exclusive distributor of Kia in Nigeria has announced plans to bring Compressed Natural Gas (CNG) vehicles to the Nigerian market. A statement sent to City Business...

August 29, 2023 No Responses

Akubuiro, Gomba, Ojomu make 2023 Shortlist of Three for The Nigeria Prize for Literature

The Advisory Board for The Nigeria Prize for Literature has announced the finalists for the 2023 edition of the Prize. The shortlisted plays in alphabetical order of their titles are: The Nigeria Prize for Literature is sponsored by Nigeria LNG...

August 29, 2023 No Responses

Due Process Was Followed In NNPCL $3b Afriexim Bank Loan

Due process was followed in securing the Nigeria National Petroleum Company Limited (NNPCL) $3 Billion Afriexim bank Loan, an official has said The $3 billion loan deal, which was signed in Cairo a frothnight ago is to enable the NNPC...

August 27, 2023 No Responses

LNG: Firm Completes Bunkering Operations

Low and zero-emission fuels supplier, Titan has performed its first ship-to-ship LNG bunker operations in Hamburg, Germany. The company said it performed its first-ever ship-to-ship LNG bunkering operation in Hamburg to Vox Ariane, Van Oord’s trailing suctio...

August 23, 2023 No Responses

Tinubu Receives NLNG Team, Lauds Contribution To GDP, Development

President Bola Tinubu has commended Nigeria LNG Limited for its steadfast commitment to excellence and immense contributions to Nigeria’s Gross Domestic Product (GDP). Tinubu who spoke when the Board and Management of Nigeria LNG Limited paid him a court...

August 23, 2023 No Responses

Seplat Energy Photo News

L-R: Base Manager, Western Assets, Seplat Energy Plc, Mr. Emmanuel Otokhine; Director, External Affairs & Sustainability, Mrs. Chioma Afe, Seplat Energy; Governor of Edo State, Mr. Godwin Obaseki; Independent Non-Executive Chairman, Seplat Energy, Mr. Basi...

August 22, 2023 No Responses

NETCO Declares N5.53b Profit For 2022

THE NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC), has reported a profit before tax of N5.53 billion for the year ended Dec. 31, 2022. The profit represents a 178 per cent...

August 9, 2023 No Responses

MSC Makes Fresh Order For Ten LNG-Powered Containerships

The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build te...

August 8, 2023 No Responses

Seplat Energy’s Gas Revenue Grows To $63.7m

Seplat Energy Plc has within a year experienced a 10.2 per cent gas revenue, reaching $63.7 million in 6M 2023 (compared to $57.8 million in 6M 2022). This growth is attributed to increased realised gas prices and a rise in sales...

August 2, 2023 No Responses

Seplat Energy CEO: Energy Access Will Be Biggest Driver Of Social, Economic Development In Africa

Access to affordable, reliable and sustainable energy is crucial if Africa is to achieve all 17 United Nations Sustainable Development Goals (SDGs), and energy access will be the biggest driver of social and economic development in Africa going forward, the...

July 22, 2023 No Responses

NNPCL Pays N123b Interim Dividend To FAAC

As part of measures to consolidate its post Petroleum Industry Act (PIA) 2021 status as an income generating company, the Nigerian National Petroleum Company Limited (NNPCL), on Thursday commenced the payment of interim dividend and PSC profit oil into the...