Energy – Page 27 – City Business News

July 6, 2022 No Responses

NLNG, Seplat Proffer Solutions To Nigeria’s Gas Crisis

Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria’s gas crisis, especially with the lingering supply shortage and price increment. The stakeholders identified insecurity, naira depreciation and lack of a workable pricing template as...

July 3, 2022 No Responses

Ardova To File 2021 Audited Financial Statement

The Board and Management of Ardova Plc (Ardova), at the weekend, allay concerns over the recent suspension of trading of the company’s securities on the Nigerian Exchange Limited (NGX) over the late filing of its 2021 Audited Financial Statements. The....

June 30, 2022 No Responses

LNG: Shell, CMA CGM Seal Supply Deal

French shipping giant, CMA CGM Group and oil and gas company, Shell have entered into agreements to work together towards accelerating the decarbonisation of the marine sector. Specifically, the partners have signed a multi-year deal for the supply ...

June 24, 2022 No Responses

NLNG Reiterates Commitment To 100% LPG Production For Domestic Market

Nigeria LNG Limited has reiterated its commitment to 100% of its Liquefied Petroleum Gas (LPG) production to the domestic market to support the growth of LPG utilisation in the country and help reduce the health, safety and environmental risks associated...

June 23, 2022 No Responses

Samsung Wins $3b Contract For 14 LNG Carriers

South Korean shipbuilder, Samsung Heavy Industries (SHI) has received orders for the construction of a total of fourteen Liquefied Natural Gas (LNG) carriers. According to World Maritime News, on 21 June, 2022, SHI won an order from an undisclosed Bermud...

June 23, 2022 No Responses

Senate Probes Shell, Seeks Refund Of $200m To FG

The Senate, on Wednesday at plenary constituted an Ad Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and violation of the Joint Venture Agreement entered with the Federal Government. The Ad...

June 20, 2022 No Responses

Energy Transition: NCDMB Boss Seeks Intensive Petroleum Education

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, has urged the Federal Government and other stakeholders to adopt a strategy to overcome the challenges of energy transition. A statement issued on Sunday...

June 1, 2022 No Responses

Nigeria’s Crude Oil Production Increases By 70,000bpd

Nigeria’s crude oil production increased by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday. The document, which was obtained by the News Agency of Nigeria (NAN) in Lagos, showed that the country’s crude oil...

May 24, 2022 No Responses

At NCDMB Summit, FG Seeks Domestic Refining Capacity Synergy

By Moses Ebosele, ebosele@hotmail.com — The Federal Government has called for synergy among stakeholders in the midstream and downstream sector as part of measures to strengthen local content and boost the country’s domestic refining capacity. In ...

May 19, 2022 No Responses

Seplat Post $177m Pre-Tax Profit For 2021

Seplat Energy Plc has recorded a pre-tax profit of $177million for the year ended December 2021, amounting to 321 per cent higher than the $80 million recorded by the company, which is listed on the Nigerian Exchange and the London...

May 18, 2022 No Responses

Sylva Lauds Seplat On Exxon Mobil Shares Acquisition

Minister of State, Petroleum Resources, Chief Timipre Sylva has commended Seplat Energy Plc on its recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation, Delaware, United States of America.&...

May 18, 2022 No Responses

Heirs Oil & Gas’ OML 17wins PFI Africa Deal Of The Year

Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’byProject Finance International (PFI), following the $1.1 billion financing and acquisition of45% stake in OML 17 in 2021. The award ceremony which took placeon Monday,...

May 17, 2022 No Responses

NLNG At 33, Counts Gains

By Moses Ebosele, ebosele@hotmail.com The Nigeria Liquefied Natural Gas (NLNG) has reiterated its commitment to provide cleaner energy to Nigeria and the world. In a message to mark 33 years of existence on Tuesday, the Managing Director/Chief Execu...

May 17, 2022 No Responses

Samsung Secures Order For 11 New LNG Carriers

South Korean shipbuilders Korea Shipbuilding & Offshore Engineering and Samsung Heavy Industries have won orders for a total of seven new LNG carriers. On 17 May, KSOE said it won a $910 million (1.17 trillion KRW) order to construct...