Energy Archives — Page 23 of 54

July 29, 2020 No Responses

Seplat Posts $234m Revenue In Six Months, To Drill Two Gas Wells

For the six months ended June 30, 2020, Seplat Petroleum Development Company Plc, a Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE) on Wednesday announced revenue of $234m amid lower oil prices and demand. According t...

July 22, 2020 No Responses

DPR Implores Lubricant Producers On Export

Director, Department of Petroleum Resources (DPR), Mr Auwalu Sarki, has enjoined lubricant producers in the country to look beyond the shores of Nigeria and target the export market in the distribution of their products. A statement signed by Mr Paul Osu, ...

July 18, 2020 No Responses

Crude Shipments Resume From Pemex Floating Storage Unit

An oil production and storage vessel, operated by Mexican state oil firm Pemex in the Gulf of Mexico, has resumed crude shipments. This is after a tanker collision halted exports earlier this month, according to a person with knowledge of...

July 13, 2020 No Responses

Daukoru Emerges NLNG Board Chairman

President Muhammadu Buhari has approved the reconstitution of the representatives of Nigeria on the Board of Nigerian Liquefied Natural Gas Limited (NLNG) under the chairmanship of Former Minister of State for Petroleum, Edmund Daukoru. A memo signed&...

July 10, 2020 No Responses

SEPLAT Appoints Onwuka CFO, ED

The Board of Directors of Seplat Petroleum Development Company Plc has announced the appointment of Mr. Emeka Onwuka as Chief Financial Officer (CFO) and Executive Director of with effect from August 1, 2020. Mr. Onwuka has over 30 years’ experience in....

July 9, 2020 No Responses

NNPC Increases Gas Supply To Power Sector By 19%

The Nigerian National Petroleum Corporation (NNPC) has announced an increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020. The Corporation disclosed this on its Monthly Financial and Operations Report (MFOR) for...

July 9, 2020 No Responses

NUPENG Pickets Variant Energy Over Alleged Anti-Labour Practices

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Thursday picketed the Victoria Island, Lagos office of Variant Energy Services over anti labour practices. NUPENG Lagos Zonal Chairman, Tayo Aboyeji, explained that the patience and understandi...

July 9, 2020 No Responses

Nigeria Explains Deregulation Of Oil Downstream Sector

The Minister of State for Petroleum Resources, Chief Timipre Sylva on Thursday aid the deregulation of the downstream oil sector was to ensure economic growth and development of the country. In a statement, Sylva explained that was unrealistic to continue...

July 8, 2020 No Responses

Lagos Receives 16 Vehicles From Shell

The Lagos State Government on Wednesday received 16 security operations vehicles from Shell Nigeria Exploration and Production Company Ltd (SNEPCo) toward enhancing security in the state. Speaking during the handover ceremony at the Lagos House, Marina, Lagos ...

July 7, 2020 No Responses

600 Firms Bid For Nigeria’s 57 Marginal Oilfields

Over 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oilfields in Nigeria, the Department of Petroleum Resources (DPR) has said. Director of DPR, Mr Auwalu Sarki made the disclosure while speaking on Tuesday in a.....

July 1, 2020 No Responses

Conoil Records N139.8b Turnover, Declares N2 Dividend For 2019

For the financial year ended December 31, 2019, Conoil Plc recorded a turnover of N139.8 billion, representing an increase of 14.4 per cent when compared with N122.21 billion achieved in the corresponding period in 2018. In a statement on Tuesday,...

June 30, 2020 No Responses

Buhari Pledges Speedy Completion Of $2.5b Ajaokuta-Kaduna-Kano Gas Pipeline Project

President Muhammadu Buhari on Tuesday in Abuja affirmed the Nigerian government’s commitment to ensure timely delivery of the landmark Ajakuota-Kaduna-Kano Gas (AKK) gas pipeline project within budgetary allocation and specifications. Speaking at the virtual...

June 26, 2020 No Responses

Ikeja Electric Begins Implementation Of New Tariff July 1

Ikeja Electric Plc (IE) is to begin implementation of its revised electricity tariff from July 1, 2020. A statement issued on Friday by Head of Corporate Communications, Mr Felix Ofulue explained that the new tariffs, which are service reflective, are end-u...

June 25, 2020 No Responses

NLNG Spotlights Seafarers Scheme,100% Nigerianisation Of Fleets

By citybusinessnews@yahoo.com — On 25 June every year, seafarers are celebrated for keeping the global economy rolling despite various challenges. With the global fight against the COVID-19 pandemic, the services seafarers provide according to...