Energy Archives — Page 28 of 60

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 around the world.U.S. West Texas Intermediate (WTI) crude futures fell 20 cents,...

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...

August 26, 2020 No Responses

NLNG, LCCI Promote Solutions In Carbon Reduction, Bioenergy

Nigeria LNG Limited (NLNG), in partnership with the Lagos Chamber of Commerce and Industry (LCCI), recently, presented the winning work of The Nigeria Prize for Science 2019, to industry players as part of measures to help reduce the country’s carbon...

August 24, 2020 No Responses

NLC Condemns Sack Of 175 Chevron Workers

The Nigeria Labour Congress (NLC) has expressed “great concerns” over the sack of 175 staff of Chevron Nigeria Limited. In a statement issued on Monday, President of NLC, Ayuba Wabba said: “It is even more heart rending that these...

August 21, 2020 No Responses

Senate Queries DPR Over N44.5b Remittance, N2.4trillion Revenue

Representatives of Department of Petroleum Resources (DPR) were queried by the Senate on Friday for remitting only N44. 5 billion into the Consolidated Revenue Fund in 2019 out of N2.4 trillion generated. This is as heads of many of...

August 21, 2020 No Responses

NPDC Targets 600mmscf/d Of Gas Supply To Domestic Market

The Nigerian Petroleum Development Company (NPDC), an Exploration and Production subsidiary of the Nigerian National Petroleum Corporation (NNPC), is looking at boosting its gas supply to the domestic market by 600million standard cubic feet per day (mmscf/d) ...

August 19, 2020 No Responses

Total Resumes Oil Drilling In Angola

France’s Total has restarted oil drilling in Angola and new exploration ships will also soon resume work, the company’s country chair Olivier Jouny told trade publication Africa Oil & Power on Monday.All drilling activity ground to a halt i...

August 17, 2020 No Responses

NLNG Inaugurates New Board

The newly appointed Chairman of the Board of Directors of Nigeria LNG Limited has formally assumed duty following a ceremony at the Corporate Head Office of the Company in Port Harcourt, Rivers State. A statement issued by General Manager, Ex...

August 16, 2020 No Responses

DPR Pledges To Create Business Opportunities In Oil, Gas Industry

The Department of Petroleum Resources (DPR) has promised to use its regulatory framework to continue to create opportunities and enable businesses in the oil and gas industry. A statement by Mr Paul Osu, the Head, Public Affairs in DPR,...

August 13, 2020 No Responses

Diri Urges Agip To Relocate To Bayelsa

Bayelsa State Governor, Douye Diri has urged the Nigerian Agip Oil Company (NAOC) to relocate its operational headquarters to Bayelsa where it operated most oilfields and Brass oil export terminal. Diri, made the call at the virtual inauguration of the...

August 9, 2020 No Responses

FG Begins Shipyard Project Feasibility Study In Bayelsa

The Federal Government has commenced the feasibility study for the construction of a shipyard on Brass Island in Bayelsa. The Minister of State for Petrolem Resources, Chief Timipre Sylva, confirmed the development in a statement posted on the Twitter ac...

August 9, 2020 No Responses

ExxonMobil Nigeria Appoints Richard Laing CEO

ExxonMobil on Saturday announced the appointment of Richard Laing as Chairman and Managing Director of its three affiliates in Nigeria with effect from August 1, 2020. Manager, Media and Communications, ExxonMobil, Mr Ogechukwu Udeagha, confirmed the dev...