Energy – Page 42 – City Business News

July 13, 2020 No Responses

Daukoru Emerges NLNG Board Chairman

President Muhammadu Buhari has approved the reconstitution of the representatives of Nigeria on the Board of Nigerian Liquefied Natural Gas Limited (NLNG) under the chairmanship of Former Minister of State for Petroleum, Edmund Daukoru. A memo signed by the Minister of State for Petroleum...

July 10, 2020 No Responses

SEPLAT Appoints Onwuka CFO, ED

The Board of Directors of Seplat Petroleum Development Company Plc has announced the appointment of Mr. Emeka Onwuka as Chief Financial Officer (CFO) and Executive Director of with effect from August 1, 2020. Mr. Onwuka has over 30 years’ experience in....

July 9, 2020 No Responses

NNPC Increases Gas Supply To Power Sector By 19%

The Nigerian National Petroleum Corporation (NNPC) has announced an increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020. The Corporation disclosed this on its Monthly Financial and Operations Report (MFOR) for...

July 9, 2020 No Responses

NUPENG Pickets Variant Energy Over Alleged Anti-Labour Practices

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Thursday picketed the Victoria Island, Lagos office of Variant Energy Services over anti labour practices. NUPENG Lagos Zonal Chairman, Tayo Aboyeji, explained that the patience and understandi...

July 9, 2020 No Responses

Nigeria Explains Deregulation Of Oil Downstream Sector

The Minister of State for Petroleum Resources, Chief Timipre Sylva on Thursday aid the deregulation of the downstream oil sector was to ensure economic growth and development of the country. In a statement, Sylva explained that was unrealistic to continue...

July 8, 2020 No Responses

Lagos Receives 16 Vehicles From Shell

The Lagos State Government on Wednesday received 16 security operations vehicles from Shell Nigeria Exploration and Production Company Ltd (SNEPCo) toward enhancing security in the state. Speaking during the handover ceremony at the Lagos House, Marina, Lagos ...

July 7, 2020 No Responses

600 Firms Bid For Nigeria’s 57 Marginal Oilfields

Over 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oilfields in Nigeria, the Department of Petroleum Resources (DPR) has said. Director of DPR, Mr Auwalu Sarki made the disclosure while speaking on Tuesday in a.....

July 1, 2020 No Responses

Conoil Records N139.8b Turnover, Declares N2 Dividend For 2019

For the financial year ended December 31, 2019, Conoil Plc recorded a turnover of N139.8 billion, representing an increase of 14.4 per cent when compared with N122.21 billion achieved in the corresponding period in 2018. In a statement on Tuesday,...

June 30, 2020 No Responses

Buhari Pledges Speedy Completion Of $2.5b Ajaokuta-Kaduna-Kano Gas Pipeline Project

President Muhammadu Buhari on Tuesday in Abuja affirmed the Nigerian government’s commitment to ensure timely delivery of the landmark Ajakuota-Kaduna-Kano Gas (AKK) gas pipeline project within budgetary allocation and specifications. Speaking at the virtual...

June 26, 2020 No Responses

Ikeja Electric Begins Implementation Of New Tariff July 1

Ikeja Electric Plc (IE) is to begin implementation of its revised electricity tariff from July 1, 2020. A statement issued on Friday by Head of Corporate Communications, Mr Felix Ofulue explained that the new tariffs, which are service reflective, are end-u...

June 25, 2020 No Responses

NLNG Spotlights Seafarers Scheme,100% Nigerianisation Of Fleets

By citybusinessnews@yahoo.com — On 25 June every year, seafarers are celebrated for keeping the global economy rolling despite various challenges. With the global fight against the COVID-19 pandemic, the services seafarers provide according to...

June 23, 2020 No Responses

Total Receives New LNG Carrier

Greece-based shipping company, TMS Cardiff Gas has taken delivery of a new LNG tanker built by South Korea’s shipbuilder Samsung Heavy Industries. The newest addition to the shipping company’s fleet is the 174,000-cbm Qogir. Qogir was subsequen...

June 18, 2020 No Responses

COVID-19: NLNG Donates $300,000 Medical Equipment To Lagos State

Nigeria LNG Limited (NLNG) on Thursday donated medical equipment to the Lagos State Government as part of its contribution to the $30 million Oil and Gas Industry Collaborative Initiative, spearheaded by Nigerian National Petroleum Corporation (NNPC) to fight ...

June 17, 2020 No Responses

NNPC’s Reserve To Hit 40b Barrels By 2023, Says Kyari

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said its target is to grow the nation’s reserve to 40 billion barrels by the year 2023. Malam Mele Kyari, Group Managing Director, NNPC, disclosed this during the unveiling of 2D seismic...