Energy Archives — Page 16 of 54

September 15, 2021 No Responses

ExxonMobil Contributes N67.5b To NDDC

Between 2001 and June 202O, the Multinational oil company, ExxonMobil, based in Mkpanak, Ibeno Local Government Area of Akwa Ibom State, contributed N67.5 billion to the Niger Delta Development Commission (NDDC). Speaking at an interactive session with Journalists in Uyo,...

September 14, 2021 No Responses

Shell Begins One-Year Vocational Training For 40 Imo youths

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has commenced a one-year professional and vocational training for 40 youths from the SPDC Joint Venture host communities of the Assa North and Ohaji South gas project in Imo State. “The....

September 14, 2021 No Responses

Attah Hands Over NLNG Key To Mshelbila

In his farewell remarks, Engr. Attah said, “I thank the staff and our partners who helped achieve our set goals. It was a collective success. I would like to see the five years as foundational. Earlier, the ambition of the...

September 7, 2021 No Responses

Crude Oil Extends Losses

Oil prices extended losses on Monday, falling more than 1%, after the world’s top exporter Saudi Arabia slashed crude prices for Asia over the weekend, signalling demand concerns and that global markets are well supplied.Brent crude&...

September 5, 2021 No Responses

Shell, Firm To Build Largest LNG Bunker Barge

Florida-based marine solutions, transportation and logistics company, Crowley Maritime Corporation has signed a long-term time charter with Shell NA LNG for the building and operation of a new LNG bunker barge. Under the arrangement, the 126.7-meter-long...

August 30, 2021 No Responses

NLNG Explains Role In Domestic LPG Market

The Nigeria LNG Limited (NLNG) has described as “grossly inaccurate” a report which claimed that NLNG produces 22 Million Tonnes Per Annum (MTPA) of Liquified Petroluem Gas, otherwise known as cooking gas. A statement...

August 26, 2021 No Responses

NNPC Records N287b Profit After Tax In 2020

President Muhammadu Buhari, who doubles as Minister of Petroleum Resources, has announced a Profit after Tax of N287 billion by the Nigerian National Petroleum Corporation (NNPC) in 2020. Buhari in a statement issued on Thursday by his Special Adviser,...

August 26, 2021 No Responses

Shell, Rights Group Disagree On Remediation Of Ikarama Spill Site

Shell Petroleum Development Company (SPDC) and an Environmental Rights group, have disagreed on remediation of spilled sites at Ikarama community in Bayelsa State. While the rights group, Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN...

August 24, 2021 No Responses

Oil Rises As Full U.S. Clearance For COVID-19 Vaccine Stokes Demand

Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand will follow a potential step up in U.S. coronavirus vacc...

August 18, 2021 No Responses

NNPC Reiterates Support For NLNG

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated the Corporation’s commitment to supporting the Nigeria LiquefiedNatural Gas (NLNG) Limited towards achieving its goal of becoming a global LN...

August 12, 2021 No Responses

Shell To Pay $111m Compensation To Nigerian Community

Royal Dutch Shell has agreed to pay the Nigerian community $111m (£80m) over an oil spill more than 50 years ago. A spokesman said the payment would mark the “full and final settlement” to the Ejama-Ebubu community over a spill...

August 9, 2021 No Responses

How To Access N250b Gas Intervention Fund, By Ministry

Investors must meet seven criteria to access the N250 billion intervention fund for gas value chain businesses. Senior Technical Assistant to the Minister of State for Petroleum Resources, Chief Timipre Sylva, on gas and development, Ms Brenda Ataga list...

August 5, 2021 No Responses

NLNG Explains CSR Initiative, Gas Resources Development

The Nigeria LNG Limited (NLNG) has so far spent about $200m on Corporate Social Responsibility (CSR) programmes as part of measures to help build the nation. Speaking on Wednesday in Lagos at the 2021 Society of Petroleum Engineers ...

August 3, 2021 No Responses

Sylva: FG Will Continue To Invest In Hydrocarbons In The Foreseeable Future

The Federal Government has reiterated its determination to continue to invest in hydrocarbons despite the global clamour for renewable energy.Nigeria currently has a huge gas reserve of about 600 trillion SCF of gas deposit.Delivering an address at the Society...