Energy – Page 30 – City Business News

February 17, 2022 No Responses

NLNG Refutes Report On Alleged Illegal Shipment Of Oil, Demands Apology

The management of Nigeria Liquefied Natural Gas (NLNG) has described as false and malicious report of alleged illegal shipment of over $1billion oil to the United States and South American Countries. According to NLNG, the report published February 15th, 2022 is calculated...

February 16, 2022 No Responses

Fuel Scarcity Bites Harder Nationwide

Commuters in Abuja and other parts of the country have continued to experience hardship due to non-availability of Premium Motor Spirit (PMS), also known as petrol, for over a week. The News Agency of Nigeria (NAN) reports on Tuesday that...

February 14, 2022 No Responses

TCN Takes Delivery Of 15 Power Transformers

As part of measures to increase power supply in the country, Transmission Company of Nigeria (TCN) has taken delivery of 15 new power transformers In a statement at the weekend, TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, ex...

February 5, 2022 No Responses

Oil Hits Seven-Year High

Oil prices surged to seven-year highs on Friday, extending their rally into a seventh week on ongoing worries about supply disruptions fueled by frigid U.S. weather and ongoing political turmoil among major world producers.Reuters reports that Brent ...

January 27, 2022 No Responses

Oil Falls On Profit-Taking

Oil prices fell on Thursday as investors cashed in profits from the 2per cent gains in the previous session after the U.S. Federal Reserve indicated an interest rate hike in March, leading to a technical correction in surging energy markets....

January 26, 2022 No Responses

NLNG Seeks Partnership With NMDPRA On Domestic Gas Supply

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has expressed readiness to partner with Nigerian Liquified Natural Gas (NLNG) company towards solving Nigeria’s energy challenges. According to the Authority, the partnership will ...

January 23, 2022 No Responses

Ardova LPG Storage Facility Gets December Completion Date

By Moses Ebosele, ebosele@hotmail.com Ardova Plc has performed the groundbreaking ceremony for the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal at the project site in Ijora, Lagos State. The ceremony sig...

January 23, 2022 No Responses

World’s 1st Liquefied Hydrogen Carrier Picks Maiden Cargo

The Suiso Frontier, the world’s first liquefied hydrogen carrier, will set sail from Australia to Japan with its first LH2 shipment, marking a milestone for the HESC project. A ceremony at Port of Hastings marked the Suiso Frontier‘s arrival from...

January 20, 2022 No Responses

Dangote Refinery To Reduce Africa’s Petroleum Importation by 36%, Says APPO

African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per cent reduction in the importation of petroleum productions into the continent. Besides, the organisation expressed a belief that t...

January 17, 2022 No Responses

EEDC Decries Energy Theft, Meter Bypass In S/East

The management of Enugu Electricity Distribution Company (EEDC), on Sunday, decried the raising spate of outright energy theft and meter bypass within the South-East. “This development has consistently impacted negatively on the revenue of the company ...

January 14, 2022 No Responses

NLNG Channels 100% LPG Production To Nigerian Market

The Board of Directors of Nigeria LNG (NLNG) has approved the supply of 100 per cent of the company’s LPG production (propane and butane) to the Nigerian market. A statement issued on Thursday by Mr Andy Odeh, General Manager, External...

January 10, 2022 No Responses

SEC Reiterates Listing Of NNPC, Dangote Refineries, Others

By Moses Ebosele, ebosele@hotmail.com — The Securities and Exchange Commission (SEC ) is to carry out advocacy efforts to relevant Government Agencies such as the Nigerian National Petroleum Corporation (NNPC) and Federal Ministry of Petroleum Resourc...

January 10, 2022 No Responses

Oil Prices Edge Up Over Supply Worries

Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. Brent crude gained 16 cents, or 0.2%, at $81.91 a barrel at 0406 GMT, while U.S....

January 7, 2022 No Responses

OPEC Oil Output Undershoots Target

Increase in the Organization of Petroleum Exporting Countries (OPEC) oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are limiting supply as gl...