Energy – Page 48 – City Business News

July 12, 2019 No Responses

Reps Task NNPC On Pipelines Protection

The House of Representatives has urged the Nigerian National Petroleum Corporation (NNPC) to protect pipelines in Alimosho Local Government Area (LGA) of Lagos state against vandals. This was sequel to a unanimous adoption of a motion of Urgent National Importance...

June 29, 2019 No Responses

Shell, Exxon Mobil Target Re-Entry Into Somalia’s Upstream Sector

Shell and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this year, the country’s oil ministry said in a statement. Shell and Exxon Mobil had a joint venture...

June 22, 2019 No Responses

Baru Lists Achievements As NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Thursday enumerated landmark progress recorded in the last three years under his watch as helmsman of Nigeria’s national oil corporation. Speaking at his...

June 20, 2019 No Responses

Rivers State Reiterates Support For NLNG Train 7

Rivers State Government has pledged to support Train 7 project of the Nigeria Liquefied Natural Gas (NLNG) Limited because of its potential to create about 15,000 jobs and enhance the state’s economy. Speaking on Wednesday when the management of NLNG...

June 15, 2019 No Responses

NNPC Inaugurates Trading Company’s New Office

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has tasked staff of the National Oil Company to boost their productivity.The NNPC helmsman’s charge came during his inauguration of a new office complex of its ...

June 13, 2019 No Responses

Daewoo Secures Order For Another LNG Carrier

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has secured another LNG carrier order from Maran Gas Maritime.The Greece-based shipowner, part of Angelicoussis Shipping Group, ordered the 174,000 cbm unit on June 12. The vessel will be buil...

June 11, 2019 No Responses

CMA CGM To Boost Fleet Wth 20 LNG-Fueled Ships

On the occasion of World Environment Day, French container shipping giant CMA CGM has reiterated its commitment to the environment, striving to be a leader in the energy transition of the maritime industry.Claiming to be a pioneer in the use...

June 10, 2019 No Responses

SEC Suspends Oando’s AGM

The Securities & Exchange Commission (SEC) has suspended the 2019 annual general meeting of oando plc earlier scheduled to told Tuesday, June 11th, 2019.In a statement on Monday morning, SEC said that, “further to the Ex-parte Order of the Federal...

June 10, 2019 No Responses

NNPC Records N174.62b Petroleum Product Sales In March

The Nigerian National Petroleum Corporation (NNPC) on Sunday said it recorded N174.62 billion sale of white petroleum products in March.The corporation disclosed this in its March Monthly Financial and Operations Report (MFOR) released in Abuja.It says that Ma...

June 9, 2019 No Responses

LNG Firm Welcomes 173,400cbm Carrier

LNG carrier owner and operator, Flex LNG has received the 173,400 cbm carrier, Flex Constellation from South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME).According to the Oslo-listed company, Flex Constellation was delivered three weeks ahe...

June 4, 2019 No Responses

Oando: Court Restrains SEC

The Federal High Court in Lagos on Monday restrained the Securities and Exchange Commission (SEC) from removing Mr. Wale Tinubu as the Group Chief Executive Officer of Oando Plc. It also barred SEC from imposing a fine on Tinubu and...

June 2, 2019 No Responses

Sunmonu, Ex-Shell Boss To Oversee Oando’s Interim Management Team

The crisis rocking Oando Plc took a new dimension on Sunday as the Securities and Exchange Commission (SEC) appoints an interim management team for the company. According to SEC, the management team headed by Mr. Mutiu Olaniyi Adio Sunmonu CON,...

May 23, 2019 No Responses

Firm To Power Vessels With Dead Fish

Norwegian expedition cruise company, Hurtigruten has confirmed plans to power its ships with fuel made from dead fish and other organic waste.As informed, Hurtigruten and compatriot firm Biokraft have signed a 7.5-year liquefied biogas (LBG) supply d...

May 23, 2019 No Responses

Conoil Appoints New Executive Director

The Board of Conoil Plc has approved the appointment of Mr. Ismail Salam as the Acting Executive Director Finance. In a notice to the Nigerian Stock Exchange (NSE) on Wednesday, Conoil Plc explained that Mr. Ismail Salam is an accomplished...