Tag: Energy

FG To Revive 215MW Kudenda Power Project
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...
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NLNG Awards Eleven Overseas Postgraduate Scholarships
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...
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NNPC Records ₦141.96b Trading Surplus
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...
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Sylva At Global Energy Forum, Insists PIA Will Enhance Energy Growth In Nigeria
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...
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Shell Closes Prelude Floating LNG
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...
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Shell Implores Nigeria On Two-Pronged Energy Transition Strategy
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 ...
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Oil Dips, Awaits OPEC+ Response To U.S.-Led Oil Release
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...
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US To Release Oil Reserves
November 24, 2021 No Responses

US To Release Oil Reserves

The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices.  The move is being taken in parallel with other major oil-consuming nations, including China,...
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Orjiako Steps Down As Seplat Energy Chairman
November 17, 2021 No Responses

Orjiako Steps Down As Seplat Energy Chairman

By Moses Ebosele, ebosele@hotmail.com   —  Dr. A.B.C. Orjiako has stepped  down as Chairman and from the Board of Directors of Seplat Energy Plc.    Orjiako’s decision to step down is coming about one week after the res...
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Shell Moves HQ To UK, To Change Name, Revamp Share Structure
November 16, 2021 No Responses

Shell Moves HQ To UK, To Change Name, Revamp Share Structure

Royal Dutch Shell plans to move its headquarters to Britain, simplify its share structure and change its name as part of an overhaul that executives say will better position the oil and gas giant’s transition to a cleaner energy business. ...
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Seplat Confirms Exchange Rate To Determine Interim Dividend For Q3
November 16, 2021 No Responses

Seplat Confirms Exchange Rate To Determine Interim Dividend For Q3

Seplat Energy Plc has confirmed the currency exchange rates to be applied in determining the interim dividend for the third quarter of 2021.  The Company’s Chief Financial Officer, Mr Emeka Onwuka, disclosed this in a notice sent to the Nigerian...
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Seplat Energy Director Resigns
November 13, 2021 No Responses

Seplat Energy Director Resigns

By Moses Ebosele, ebosele@hotmail.com — Citing personal reasons, an Independent Non-Executive Director (INED) of Seplat Energy Plc, Mr. Xavier Rolet, KBE, has stepped down from the Board of the company with effect from November 11, 2021.   The...
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Shell Restarts Production At Offshore Gulf Of Mexico
November 6, 2021 No Responses

Shell Restarts Production At Offshore Gulf Of Mexico

Shell said on Friday it had restarted production at its offshore Mars and Ursa in the Gulf of Mexico and began exporting oil and gas through a transfer facility, which was shut due to damage from Hurricane Ida. The oil...
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Indigenous Firms Invest $10b In Oil, Gas Production
November 5, 2021 No Responses

Indigenous Firms Invest $10b In Oil, Gas Production

The Independent Petroleum Producers Group (IPPG) says its members have invested about 10 billion dollars in oil and gas production in Nigeria from 2003 till date.  The group, made up of 24 indigenous oil and gas companies, also pledged to...
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