Energy Archives — Page 23 of 60

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 (SPE) Nigeria Annual International...

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...

August 1, 2021 No Responses

Manufacturers In Edo, Delta Lament Poor Power Supply, Others

The Manufacturers Association of Nigeria (MAN) has identified poor power supply, high cost of diesel and raw materials as major factors affecting the businesses of its members in Edo and Delta States. Dr Okwara Udensi, Chairman of MAN, Edo/Delta ch...

July 22, 2021 No Responses

Air Liquide Pledges Support For World’s First Hydrogen Ship

Air Liquide, French gas and technology company has announced that it will become the main partner of the Energy Observer, “the world’s first hydrogen vessel”, for the next four years. The two partners have been working since the launch of the....

July 20, 2021 No Responses

Firm Pays N19b For Yola Electricity, To Invest N28b In Two Years

Quest Electricity Nigeria Limited has paid N19 billion to acquire Yola Electricity Distribution Company (YEDC), the Bureau of Public Enterprise (BPE) has said. Mr Alex Okoh, the Director-General of the Bureau of Public Enterprises (BPE), said this in a s...

July 19, 2021 No Responses

Oil Producing Nations Seal Deal To Control Prices

Oil producing nations have agreed to increase their output, with the aim of reducing prices and easing pressure on the world economy. Under the arrangement, the Opec cartel and partners such as Russia will boost supply from August after prices...

July 15, 2021 No Responses

Shell Seals New NLNG Charter Agreements

Shell Tankers (Singapore) has inked new charter agreements with Knutsen LNG, Pan Ocean and investors advised by J.P. Morgan Asset Management for six Liquified Natural Gas (LNG) ships, bringing its LNG carrier fleet to a total of 24 vessels. Sla...

July 4, 2021 No Responses

Firm Rolls Out N3b Green Bond

A technology firm, OneWattSolar (OWS), has announced the successful issuance of the first series of its N10 billion Green Bond Issuance Programme. The programme comprised a N2 billion seven-year Green Bond Issue (Tranche I) and a N1 billion seven-year Gr...

July 3, 2021 No Responses

Kano, NNPC, GACN Seal MoU On Gas Project

Kano State Government on Friday signed a Memorandum of Understanding (MoU) with the Nigeria National Petroleum Corporation (NNPC) and Gas Aggregation Company Nigeria (GACN) Limited on the Ajaokuta-Kaduna-Kano (AKK) pipelines gas project. Spea...

July 1, 2021 No Responses

Oil Rises As Stockpiles Fall

Oil prices on Wednesday extended the previous day’s small gains after an industry report showed U.S. crude stockpiles fell last week, overriding trader and investor concerns about transportation curbs in some countries as COVID-19 cases surge.Brent crud...

June 22, 2021 No Responses

Court Orders Mobil, NNPC To Pay N82b To Akwa Ibom Communities

The Federal High Court, Abuja, has ordered Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the oil communities in Ibeno Local Government Area of Akwa Ibom State a cumulative damages of N81.9 billion ove...

June 19, 2021 No Responses

IMO Pushes Back Talks On Fuel Tax

The proposal to introduce fuel levy in the shipping industry to help speed up the transition from fossil fuels to zero-carbon alternatives has been postponed until the next International Maritime Organisation and Marine Environment Protection Committ...

June 12, 2021 No Responses

Petrobras Orders $2.3b FPSO

Brazilian oil and gas major Petrobras has signed a contract with a joint venture formed by Saipem and DSME in the amount of $2.3 billion for the supply of P-79, the eighth unit to be installed in Búzios field, in...

June 12, 2021 No Responses

FG Signs Brass Petroleum Products Terminal Agreement

The Federal government has signed shareholders agreement on construction of Brass Petroleum products Terminal Limited ( BPPT) to help curb illegal refining and stabilise products pricing in the Niger Delta region. Chief Timipre Sylva, Minister of s...