Energy Archives — Page 21 of 54

October 31, 2020 No Responses

Ikeja Electric Rolls Out 106, 000 Prepaid Meters

Ikeja Electric Plc (IE) has commenced distribution of prepaid meters to 106, 000 customers under the National Mass Metering Programme (NMMP) approved by the Federal Government. Acting Chief Executive Officer of IE, Mrs Folake Soetan, who disclosed the development at the flagging...

October 20, 2020 No Responses

NCDMB, NLNG, PETAN, Others Oppose Hike In Content Fund

The Nigerian Content Development and Monitoring Board (NCDMB) and key organisations in the oil and gas industry have opposed proposed two per cent increase in the Nigerian Content Development Fund (NCDF). NCDMB in a s...

October 14, 2020 No Responses

CMA CGM’s LNG-Powered Giant Sets World Record

The 23,000 TEU CMA CGM Jacques Saade, the world’s largest LNG-powered containership, has set a world record for the number of full containers loaded on a single vessel. On its departure from Singapore on 12 October, the new flagship of...

October 14, 2020 No Responses

Ikeja Electric Seals N11.4b Metering Contract

As part of measures to accelerate metering of customers, Ikeja Electricity Distribution Company has signed N11.4billion contract. Speaking with Journalists on Tuesday, Chairman of the company, Mr Kola Adesina, said:: “We have signed service contracts w...

September 23, 2020 No Responses

Local Content: NNPC Seeks Capacity Upgrade for Indigenous Operators

In order to achieve the target of reducing the cost of oil production in Nigeria on a sustainable basis, the Nigerian National Petroleum Corporation (NNPC) says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity...

September 22, 2020 No Responses

Shell Unveils Major Cost-Cutting Drive

Royal Dutch Shell is looking to slash up to 40 per cent off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power...

September 19, 2020 No Responses

NNPC Shortlists 78 Firms For Pipelines Rehabilitation

The Nigerian National Petroleum Corporation (NNPC) has shortlisted 78 companies to bid for the rehabilitation of oil pipelines and deport infrastructure across the country. The News Agency of Nigeria (NAN) recalls that over 300 companies applied thro...

September 17, 2020 No Responses

Shell Tasks Energy Stakeholders On Local Content

The Managing Director, Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Mr Bayo Ojulari, has challenged indigenous players in the energy sector to collaborate as part of measures to increase local content. Ojulari said this while speaking at the ...

September 14, 2020 No Responses

Total Secures $3.5b Oil Pipeline Deal

French oil giant, Total on Sunday sealed $3.5billion oil pipeline deal with the Governments of Tanzania and Uganda. The deals entails the construction of a 1,445 km (898 miles) crude oil pipeline. The plans along with China&#...

September 12, 2020 No Responses

Oil Extends Losses As Stockpile Rise Amid Weakening Demand

Oil prices fell for a second day on Friday, pressured by a surprise rise in U.S. stockpiles as the coronavirus pandemic continues to erode demand for fuels.Brent crude was down 18 cents, or 0.5%, at $39.88 a barrel by 0337 GMT, after fallin...

September 10, 2020 No Responses

Oil Prices Slip

Oil futures fell in early trade on Thursday, paring overnight gains, on worries about fuel demand after data showed U.S. crude stockpiles rose last week, rather than dropping as expected, and COVID-19 cases continued to rise aroun...

September 7, 2020 No Responses

Crude Affreightment: NIMASA Revives Move to Change Terms of Trade

The Nigerian Maritime Administration and Safety Agency (NIMASA) has revived efforts to change the Terms of Trade for the affreightment of Nigerian crude oil from Free on Board (FOB) to Cost Insurance and Freight (CIF). Director-General of NIMASA, Dr. Bas...

September 2, 2020 No Responses

DPR Generates N673.7b Revenue In Six Months

The Department of Petroleum Resources (DPR) has generated a total sum of N673.7 billion in the first half of this year. Its Spokesman, Paul Osu, explained in a statement that the Director of DPR, Mr Auwalu Sarki, disclosed this...

August 28, 2020 No Responses

Arunma Oteh, Rolet, Join SEPLAT’s Board

The Board of Directors of Seplat Petroleum Development Company Plc has announced the appointment of Ms. Arunma Oteh, OON and Mr. Xavier Rolet KBE as Independent Non-Executive Directors of the Company with effect from October 1, 2020. Ms. Arunm...