Energy Archives — Page 15 of 60

August 25, 2022 No Responses

Oil Prices Rise On Possible OPEC Supply Cuts

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery. Brent crude rose 59 cents, or 0.6%, to $101.81...

August 22, 2022 No Responses

NLNG Receives Road Infrastructure Tax Credit Certificate For Bonny – Bodo Road From FIRS

The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, has received its Tax Credit Certificate from the Federal Inla...

August 18, 2022 No Responses

Electricity Workers Suspend Strike

The leadership of the National Union of Electricity Employees (NUEE) has suspended the ongoing strike by two weeks. Mr Godfrey Abah, the Chairman, FCT chapter of the National Union of Electricity Employees (NUEE) said this in an interview with the...

August 17, 2022 No Responses

Blackout In Lagos As Electricity Workers Begin Strike

There was blackout across Lagos State on Wednesday following the nationwide strike by electricity workers under the aegis of the National Union of Electricity Employees (NUEE). Ikeja Electric Plc and Eko Electricity Distribution Company (EKEDC) confirme...

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...

August 9, 2022 No Responses

Status Quo Remains In Share Sale By ExxonMobil To Seplat Energy, Says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) jas affirmed that the status quo remains with respect to ExxonMobil/Seplat Energy share acquisition. Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC made this known in a statement on M...

August 6, 2022 No Responses

Shell Staff Get Profits Bonus

Energy giant Shell is to give its workers a one-off 8% bonus after the company reported record profits from high oil and gas prices. Most of the 82,000 staff it employs worldwide will get the pay boost but top executives...

July 28, 2022 No Responses

Ministry Inaugurates Committee On Oil, Gas Investment Promotion

The Ministry of Petroleum Resources has inaugurated a committee on the Establishment of an Oil and Gas Investment Promotion Office to spur investment in the sector. Mr Kamoru Busari, Director overseeing the Office of the Permanent Secretary said that having...

July 27, 2022 No Responses

Chevron Nigeria Restates Commitment To Nation’s Zero Emission Goal

Chevron Nigeria Limited has restated its commitment to take deliberate actions in ensuring that the country attains its net zero carbon emission goal by 2060. Communications Manager, Chevron Nigeria and Mid-Africa, Mr Victor Anyaegbudike, sa...

July 26, 2022 No Responses

TotalEnergies Begins Production From 50,000bpd Ikike Field

TotalEnergies, OML99 operator (40 per cent), has announced the start of production from the Ikike field, in Nigeria. TotalEnergies made the announcement in a statement posted on its website and obtained by the News Agency of Nigeria (NAN) on Monday...

July 8, 2022 No Responses

KSOE Bags $2.2b Order For 10 LNG Carriers

South Korean shipbuilding group Korea Shipbuilding & Offshore Engineering (KSOE) has received two orders for the construction of a total of ten liquefied natural gas (LNG) carriers. The orders have a combined value of KRW 2.87 trillion (about $2...

July 6, 2022 No Responses

NLNG, Seplat Proffer Solutions To Nigeria’s Gas Crisis

Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria’s gas crisis, especially with the lingering supply shortage and price increment. The stakeholders identified insecurity, naira depreciation and lack of a workabl...

July 3, 2022 No Responses

Ardova To File 2021 Audited Financial Statement

The Board and Management of Ardova Plc (Ardova), at the weekend, allay concerns over the recent suspension of trading of the company’s securities on the Nigerian Exchange Limited (NGX) over the late filing of its 2021 Audited Financial Statements. The....

June 30, 2022 No Responses

LNG: Shell, CMA CGM Seal Supply Deal

French shipping giant, CMA CGM Group and oil and gas company, Shell have entered into agreements to work together towards accelerating the decarbonisation of the marine sector. Specifically, the partners have signed a multi-year deal for the supply ...