Energy – Page 33 – City Business News

September 29, 2021 No Responses

TotalEnergies Floats Electric Mobility Firm

TotalEnergies has signed an agreement with China Three Gorges Corporation to establish a joint venture in electric mobility in China.The venture will develop electric vehicle (EV) high-power charging infrastructure and services, TotalEnergies said.“The joint venture’s growth perspectives are supported by China’s ambition to be...

September 29, 2021 No Responses

TotalEnergies To Buy Back $1.5b Shares

The management of French energy firm, TotalEnergies, on Tuesday, disclosed plans to buy back $1.5 billion of its shares in the fourth quarter and boost its investment in renewable energy with the help of high oil prices. “TotalEnergies is c...

September 22, 2021 No Responses

NLNG Explains Cooking Gas Shortage

The Nigeria LNG Limited (NLNG) on Tuesday said marketers were unable to offtake the full 450,000MTPA of Liquefied Petroleum Gas (LPG) allocated to the Nigerian market by the company due to various factors. The News Agency of Nigeria (NAN) reports...

September 18, 2021 No Responses

Total Energies, NNPC To Strengthen Partnership

The Nigerian National Petroleum Corporation (NNPC) is to strengthen its partnership with TotalEnergies as part of measures to effectively deliver services to stakeholders. The Group Managing Director, NNPC, Malam Mele Kyari, disclosed this when the new...

September 15, 2021 No Responses

ExxonMobil Contributes N67.5b To NDDC

Between 2001 and June 202O, the Multinational oil company, ExxonMobil, based in Mkpanak, Ibeno Local Government Area of Akwa Ibom State, contributed N67.5 billion to the Niger Delta Development Commission (NDDC). Speaking at an interactive session with Jou...

September 14, 2021 No Responses

Shell Begins One-Year Vocational Training For 40 Imo youths

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has commenced a one-year professional and vocational training for 40 youths from the SPDC Joint Venture host communities of the Assa North and Ohaji South gas project in Imo State. “The....

September 14, 2021 No Responses

Attah Hands Over NLNG Key To Mshelbila

In his farewell remarks, Engr. Attah said, “I thank the staff and our partners who helped achieve our set goals. It was a collective success. I would like to see the five years as foundational. Earlier, the ambition of the...

September 7, 2021 No Responses

Crude Oil Extends Losses

Oil prices extended losses on Monday, falling more than 1%, after the world’s top exporter Saudi Arabia slashed crude prices for Asia over the weekend, signalling demand concerns and that global markets are well supplied.Brent crude&...

September 5, 2021 No Responses

Shell, Firm To Build Largest LNG Bunker Barge

Florida-based marine solutions, transportation and logistics company, Crowley Maritime Corporation has signed a long-term time charter with Shell NA LNG for the building and operation of a new LNG bunker barge. Under the arrangement, the 126.7-meter-long...

August 30, 2021 No Responses

NLNG Explains Role In Domestic LPG Market

The Nigeria LNG Limited (NLNG) has described as “grossly inaccurate” a report which claimed that NLNG produces 22 Million Tonnes Per Annum (MTPA) of Liquified Petroluem Gas, otherwise known as cooking gas. A statement...

August 26, 2021 No Responses

NNPC Records N287b Profit After Tax In 2020

President Muhammadu Buhari, who doubles as Minister of Petroleum Resources, has announced a Profit after Tax of N287 billion by the Nigerian National Petroleum Corporation (NNPC) in 2020. Buhari in a statement issued on Thursday by his Special Adviser,...

August 26, 2021 No Responses

Shell, Rights Group Disagree On Remediation Of Ikarama Spill Site

Shell Petroleum Development Company (SPDC) and an Environmental Rights group, have disagreed on remediation of spilled sites at Ikarama community in Bayelsa State. While the rights group, Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN...

August 24, 2021 No Responses

Oil Rises As Full U.S. Clearance For COVID-19 Vaccine Stokes Demand

Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand will follow a potential step up in U.S. coronavirus vacc...

August 18, 2021 No Responses

NNPC Reiterates Support For NLNG

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated the Corporation’s commitment to supporting the Nigeria LiquefiedNatural Gas (NLNG) Limited towards achieving its goal of becoming a global LN...