Energy – Page 33 – City Business News

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...

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. ...

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...

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...

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...

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...

November 3, 2021 No Responses

NLNG Explains Agenda To Boost LPG Domestic Market Supplies

By Moses Ebosele, ebosele@hotmail.com As part of measures to crash rising price of Liquefied Petroleum Gas(LPG) also identified as cooking gas, the Nigeria Liquefied Natural Gas (NLNG) has resolved to cut its LPG exports and...

November 1, 2021 No Responses

Oil Falls As China Rolls Out Reserves

Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a November 4, 2021 meeting of major crude producers that could increase future production targets....

October 30, 2021 No Responses

ExxonMobil Q3 Profits Rebound To $6.8b

ExxonMobil’s profits rebounded in the third quarter on strengthening oil and natural gas prices as the petroleum giant announced a new share repurchase programme, according to results released on Friday. The US oil company reported profits of S$6.8 billi...

October 28, 2021 No Responses

ABC Orjiako: Energy Transition Must Be Done In A Collaborative Manner

In recognition that one of the biggest challenges in Energy Transition is the continuous discordant tunes that are being sung across the world, Dr. ABC Orjiako, Chairman, Seplat Energy Plc believes that the best of this new journey can only...

October 25, 2021 No Responses

TotalEnergies CEO: Spike In Prices Of Gas To Stabilise After Winter

The Chief Executive of TotalEnergies, Patrick Pouyanne said at the weekend that the recent gas price spike had been caused by a strong demand rebound post COVID-19 and prices were likely to stabilise after winter. “I don’t think it (gas price...

October 22, 2021 No Responses

Another Shell’s Tanker Joins Signal Maritime Pool

Signal Maritime, the Signal Group’s shipping arm, has taken commercial management of MT Silver London, the new Shell’s medium-range (MR) tanker, increasing the pool’s fleet size to 15. The addition of the energy major’s tonnage as well ...

October 21, 2021 No Responses

TotalEnergies Accused Of Downplaying Climate Risks

French oil company TotalEnergies knew at least 50 years ago about a link between burning fossil fuels and global warming, researchers have said. An article from 1971 in the company’s magazine, Total Information, mentioned partial melting of ice caps, res...