Energy – Page 51 – City Business News

February 1, 2019 No Responses

Nigeria Seeks Duty Waiver For Project 100

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has explained that the ministry would consider ways of securing import waivers for the implementation of the Project 100, where it is necessary. Already, the Nigerian Government, according to...

January 29, 2019 No Responses

Nigeria Tasks African Leaders On Oil, Gas Infrastructure Development

President Muhammadu Buhari has called on African leaders to support whatever will help drive infrastructure development in the oil and gas sector in the region. Buhari gave the advice at the opening ceremony of the second edition of the Nigerian...

December 24, 2018 No Responses

Shell Nigeria Explains Investment In Imo, Targets 300mcf Gas For Domestic Market

The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Sunday has announced the Final Investment Decision (FID) on the Assa North Gas Development Project in Imo State. The project is regarded as a major momentum to the domestic gas...

December 19, 2018 No Responses

Buhari Facilitates With Oil And Gas Investor, Leemon Ikpea, At 62

President Muhammadu Buhari felicitates with a major investor in the oil and gas industry, Chief (Dr) Leemon Ikpea, as he turns 62 on December 19, 2018. The President appreciates the grace of God, which brought Chief Ikpea from humble beginnings...

December 18, 2018 No Responses

Nigeria Pays Oil Marketers N236b

The Chief Operating Officer, Downstream, Nigerian National Petroleum Corporation (NNPC), Mr Henry Ikem-Obih, has disclosed that the Federal Government has paid the agreed N236 billion as first tranche of the outstanding subsidy claims to oil m...

December 6, 2018 No Responses

NNPC Implores Investors On 10b Barrels Deep-Water Resources

The Nigerian National Petroleum Corporation (NNPC) on Wednesday multi-billion dollar investment opportunities in the nation’s deep-offshore frontiers at the 10th World Energy Capital Assembly in London, United Kingdom. Delivering his address at the panel...

December 4, 2018 No Responses

Qatar Pulls Out Of OPEC

Qatar has announced it is pulling out of the Opec oil producers’ cartel, just days before the group meets in Vienna. The Gulf state, which joined Opec in 1961, said it would leave the cartel in January and would focus...

December 3, 2018 No Responses

Shell Nigeria Seals Gas Supply Agreement For Power Project

The Shell Petroleum Development Company of Nigeria (SPDC) and its joint partners have signed a gas supply and aggregation agreement that will support the 140 Megawatts Aba Integrated Power Project in Abia State. The agreement, signed in Abuja, was between...

November 23, 2018 No Responses

NLNG Implores Nigerian Firms On Maximum Value Of $4b Train 7 Project

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, on Thursday in Port Harcourt, said the company was 100% committed to a Train 7 project that will be delivered with the involvement of competent Nigerian...

November 23, 2018 No Responses

NNPC Seeks New Funding Options For Operators

The NNPC says it is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry to launch them into a new phase of exploration. The operators have been grappling with funding challenges which has cut...

November 9, 2018 No Responses

NNPC Seeks Increase Of Retail Outlets

The Nigerian National Petroleum Corporation (NNPC) says it is set to increase its 14 per cent market share in the nation’s downstream petroleum retail market. The Group Managing Director of NNPC, Dr Maikanti Baru, said this during NNPC Special Day...

November 2, 2018 No Responses

ExxonMobil To Produce Marine Gasoil, Diesel

ExxonMobil has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel. As explained, the new 50,000 barrel-per-day unit expands t...

November 1, 2018 No Responses

Dangote Refinery Explains Agenda For Euro V Specification

Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification. Sulphur in petroleum fuels...

October 31, 2018 No Responses

Russia, UAE Partner NNPC On Oil, Gas Development

The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National Petroleum Corporation (NNPC) in the upstream, midstream, downstream and services sectors to further boost their v...