Energy – Page 32 – City Business News

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 Japan to...

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...

January 5, 2022 No Responses

FG To Revive 215MW Kudenda Power Project

The Federal Government will revive a 215 Megawatts Power Project in Kaduna State, Minister of Power, Abubakar Aliyu has said. Aliyu stated this shortly after inspecting the project on Tuesday at Kudenda in Kaduna South Local Government Area of the...

December 15, 2021 No Responses

NLNG Awards Eleven Overseas Postgraduate Scholarships

Nigeria LNG Limited (NLNG) on Tuesday in Port Harcourt, River State awarded postgraduate scholarships to eleven (11) Nigerians to pursue Masters’ degrees in leading universities in the United Kingdom (UK). NLNG offers post-primary, undergraduate, and p...

December 13, 2021 No Responses

NNPC Records ₦141.96b Trading Surplus

The Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of ₦141.96 billion recorded in June 2021, compared to a deficit of ₦37.46 billion in May 2021. A statement issued on Sunday by Garba Muhammad, Group General Manage...

December 10, 2021 No Responses

Sylva At Global Energy Forum, Insists PIA Will Enhance Energy Growth In Nigeria

Minister of State, Petroleum, Chief Timipre Sylva has declared that the Petroleum Industry Act (PIA} will enhance energy growth and sustainability in Nigeria. Speaking as a participant at a ministerial roundtable, at the World Petroleum Congress (WPC), i...

December 4, 2021 No Responses

Shell Closes Prelude Floating LNG

Shell has shut down its Prelude Floating Liquefied Natural Gas (FLNG) facility offshore Western Australia due to a fire incident. Shell operates the Prelude FLNG, located at Browse Basin, 475 kilometres from Broome in Western Australia. S...

November 29, 2021 No Responses

Shell Implores Nigeria On Two-Pronged Energy Transition Strategy

The Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, has advised that Nigeria should adopt a two-pronged strategy for its energy transition programme in response to global call to reduce exploitation of fossil fuels and production of ...

November 26, 2021 No Responses

Oil Dips, Awaits OPEC+ Response To U.S.-Led Oil Release

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. U.S. West Texas...