Energy Archives — Page 20 of 60

December 10, 2021 No Responses

Sylva At Global Energy Forum, Insists PIA Will Enhance Energy Growth In Nigeria

Minister of State, Petroleum, Chief Timipre Sylva has declared that the Petroleum Industry Act (PIA} will enhance energy growth and sustainability in Nigeria. Speaking as a participant at a ministerial roundtable, at the World Petroleum Congress (WPC), in Houston Texas,...

December 4, 2021 No Responses

Shell Closes Prelude Floating LNG

Shell has shut down its Prelude Floating Liquefied Natural Gas (FLNG) facility offshore Western Australia due to a fire incident. Shell operates the Prelude FLNG, located at Browse Basin, 475 kilometres from Broome in Western Australia. S...

November 29, 2021 No Responses

Shell Implores Nigeria On Two-Pronged Energy Transition Strategy

The Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, has advised that Nigeria should adopt a two-pronged strategy for its energy transition programme in response to global call to reduce exploitation of fossil fuels and production of ...

November 26, 2021 No Responses

Oil Dips, Awaits OPEC+ Response To U.S.-Led Oil Release

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. U.S. West Texas...

November 24, 2021 No Responses

US To Release Oil Reserves

The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices. The move is being taken in parallel with other major oil-consuming nations, including China,...

November 17, 2021 No Responses

Orjiako Steps Down As Seplat Energy Chairman

By Moses Ebosele, ebosele@hotmail.com — Dr. A.B.C. Orjiako has stepped down as Chairman and from the Board of Directors of Seplat Energy Plc. Orjiako’s decision to step down is coming about one week after the res...

November 16, 2021 No Responses

Shell Moves HQ To UK, To Change Name, Revamp Share Structure

Royal Dutch Shell plans to move its headquarters to Britain, simplify its share structure and change its name as part of an overhaul that executives say will better position the oil and gas giant’s transition to a cleaner energy business. ...

November 16, 2021 No Responses

Seplat Confirms Exchange Rate To Determine Interim Dividend For Q3

Seplat Energy Plc has confirmed the currency exchange rates to be applied in determining the interim dividend for the third quarter of 2021. The Company’s Chief Financial Officer, Mr Emeka Onwuka, disclosed this in a notice sent to the Nigerian...

November 13, 2021 No Responses

Seplat Energy Director Resigns

By Moses Ebosele, ebosele@hotmail.com — Citing personal reasons, an Independent Non-Executive Director (INED) of Seplat Energy Plc, Mr. Xavier Rolet, KBE, has stepped down from the Board of the company with effect from November 11, 2021. The...

November 6, 2021 No Responses

Shell Restarts Production At Offshore Gulf Of Mexico

Shell said on Friday it had restarted production at its offshore Mars and Ursa in the Gulf of Mexico and began exporting oil and gas through a transfer facility, which was shut due to damage from Hurricane Ida. The oil...

November 5, 2021 No Responses

Indigenous Firms Invest $10b In Oil, Gas Production

The Independent Petroleum Producers Group (IPPG) says its members have invested about 10 billion dollars in oil and gas production in Nigeria from 2003 till date. The group, made up of 24 indigenous oil and gas companies, also pledged to...

November 3, 2021 No Responses

NLNG Explains Agenda To Boost LPG Domestic Market Supplies

By Moses Ebosele, ebosele@hotmail.com As part of measures to crash rising price of Liquefied Petroleum Gas(LPG) also identified as cooking gas, the Nigeria Liquefied Natural Gas (NLNG) has resolved to cut its LPG exports and...

November 1, 2021 No Responses

Oil Falls As China Rolls Out Reserves

Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a November 4, 2021 meeting of major crude producers that could increase future production targets....

October 30, 2021 No Responses

ExxonMobil Q3 Profits Rebound To $6.8b

ExxonMobil’s profits rebounded in the third quarter on strengthening oil and natural gas prices as the petroleum giant announced a new share repurchase programme, according to results released on Friday. The US oil company reported profits of S$6.8 billi...