Energy – Page 27 – City Business News

November 9, 2022 No Responses

QatarEnergy, MISC, Seal Five New LNG Carrier Deals

Qatar’s state-owned oil and gas company, QatarEnergy has awarded long-term charter contracts to Malaysian energy logistics group MISC Berhad and its consortium partners for additional five newbuild Liquefied Natural Gas (LNG) carriers MISC’s consortium partners include shipping companies Nippon Yusen Kabushiki...

November 4, 2022 No Responses

Manufacturers Seek End To forex, Energy Crisis

The Manufacturers Association of Nigeria (MAN), on Thursday, tasked the Federal Government and monetary authorities to address the foreign exchange and energy crises responsible for the unfavorable movements in manufacturing indicators. Mr Segun Ajayi-Ka...

October 28, 2022 No Responses

Conoil Shareholders Get N1.7b Dividend For 2021

Shareholders of Conoil Plc, at the weekend, unanimously approved the proposed final dividend payout of N1.734 billion, which translates to N2.50 per share, for the 2021 financial year. The dividend payment ratified at the company’s 52nd Annual General...

October 23, 2022 No Responses

NBS: Cooking Gas Price Increases By 86.62 Percent In One Year

The average price of 5kg of cooking gas increased from N4,456.56 in August to N4,474.48 in September, the National Bureau of Statistics (NBS) has stated. It stated in its “Cooking Gas Price Watch’’ for September 2022 released on Saturday in...

October 6, 2022 No Responses

NLNG Reacts To N18.4b Compensation Reports For Host Communities

The management of Nigeria LNG Limited (NLNG) is evaluating the reported Senate resolution which mandated the company to pay host communities N18.4b compensation within two months. A statement issued on Wednesday by NLNG General Manager, External Rela...

October 5, 2022 No Responses

LNG: TotalEnergies Targets Top Position, Tô Expand Bunker Services

French energy giant, TotalEnergies is ramping up investments in Liquefied Natural Gas (LNG) in a scenario that excludes Russia and is in a ‘very favourable’ position to benefit from the evolution of energy markets as a result of the energy transition....

September 29, 2022 No Responses

Germany, UAE Reinforce Energy Partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. ...

September 15, 2022 No Responses

Shell To Resume TNP Pipeline Test

Shell Petroleum Development Company of Nigeria Limited (SPDC) is planning to resume the testing of its main trunkline, the Trans Niger Pipeline (TNP). A competent source, who pleaded anonymity, confirmed the development to the News Agency of Nigeria (NAN...

September 1, 2022 No Responses

Shell Secures $ 1 billion LNG Deal

Shell has sealed ten-year marine Liquefied Natural Gas (LNG) sales and purchase agreement with Israeli container shipping company, ZIM valued at more than $1 billion. According to World Maritime News, the LNG is intended for ten LNG-...

August 26, 2022 No Responses

TotalEnergies, COSCO In Milestone Biofuel Bunkering Operation

TotalEnergies Marine Fuels has completed the first refuelling of a COSCO Shipping Lines containership with sustainable marine biofuel. This is TotalEnergies’ first biofuel bunkering operation for a containership in Singapore. According to World Maritime News...

August 25, 2022 No Responses

Oil Prices Rise On Possible OPEC Supply Cuts

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery. Brent crude rose 59 cents, or 0.6%, to $101.81...

August 22, 2022 No Responses

NLNG Receives Road Infrastructure Tax Credit Certificate For Bonny – Bodo Road From FIRS

The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, has received its Tax Credit Certificate from the Federal Inla...

August 18, 2022 No Responses

Electricity Workers Suspend Strike

The leadership of the National Union of Electricity Employees (NUEE) has suspended the ongoing strike by two weeks. Mr Godfrey Abah, the Chairman, FCT chapter of the National Union of Electricity Employees (NUEE) said this in an interview with the...

August 17, 2022 No Responses

Blackout In Lagos As Electricity Workers Begin Strike

There was blackout across Lagos State on Wednesday following the nationwide strike by electricity workers under the aegis of the National Union of Electricity Employees (NUEE). Ikeja Electric Plc and Eko Electricity Distribution Company (EKEDC) confirme...