Energy Archives — Page 15 of 62

March 2, 2023 No Responses

FG Approves Contracts For Transmission Company Of Nigeria

The Federal Executive Council (FEC) approved the procurement, design, installation and construction contracts and projects for the Transmission Company of Nigeria(TCN) on Wednesday in Abuja. Minister of Power, Alhaji Abubakar Aliyu, told State House correspondents after the FEC meeting presided...

February 28, 2023 No Responses

Shell, Hapag-Lloyd Seal LNG Deal

German liner major. Hapag-Lloyd has signed a multi-year agreement for the supply of Liquefied Natural Gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construct...

February 9, 2023 No Responses

FEC Approves N117b For Oil Museum

The Federal Executive Council (FEC) has approved N117 billion for the construction of Oloibiri oil museum in Bayelsa. The Minister of State for Petroleum resources, Mr Timipre Sylva, made this known when he briefed State House correspondents on the outco...

February 3, 2023 No Responses

Geregu Power Declares 50.5% Drop In Profit

Geregu Power Plc has reported 50.5 per cent decline in profit as revenue dropped and earnings impaired negatively. The company, listed on the NGX last year reported N10.17billion profit in 2022 as against N20.55billion in 2021, while profit ...

February 3, 2023 No Responses

Price Cap On Russian Refined Fuels To Disrupt Trade

The European Union’s ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on crude oil. Although Western sanctions...

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 ...

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...

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...

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...

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...

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...

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.&...

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. ...

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,...