Oil and Gas Archives — City Business News

July 21, 2024 No Responses

Dangote To Reps: Probe Quality Of Petrol, Diesel At Filling Stations

Foremost industrialist and President of the Dangote Group, Aliko Dangote has called on the House of Representatives to investigate the quality of diesel and petrol at filling stations. Dangote made the call on Saturday when he received the leadership of the...

July 2, 2024 No Responses

NNPC Declares State Of Emergency On Crude Oil Production

In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this...

June 21, 2024 No Responses

Shell Inaugurates Dual-Use Megawatt Charger

Anglo-Dutch energy major Shell has inaugurated its first self-developed megawatt charger for dual use by both shipping vessels and electric trucks at the Energy Transition Campus Amsterdam (ETCA) in the Netherlands. Integrated into ETCA’s power and hydr...

June 20, 2024 No Responses

NNPC, TotalEnergies JV Seal $550m FID On Ubeta Field Project

In a major step towards boosting Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has announced a $550 million Final Investment Decision (FID) on the Ubeta Field Development Project. A statement issued on Thursday by Olufemi Soneye, Chief Co...

June 1, 2024 No Responses

Oil Exploration To Begin In Ogun

The Nigerian National Petroleum Corporation Limited (NNPCL) is to begin oil and gas exploration in Ogun State. Under the arrangement, the State Government has received a delegation from the Federal Government in Abeokuta, the state capital. On...

May 24, 2024 No Responses

NNPCL, Schlumberger Seal Upstream Operations Agreement

As part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry, the NNPC Energy Services Limited (EnServ) and Schlumberger (SLB), a renowned global technology company, have signed a technical partnership agreement towards ...

May 22, 2024 No Responses

TotalEnergies Unveils Kaminho Deepwater Project

Chairman and Chief Executive Officer of TotalEnergies, Patrick Pouyanné, met on May 20 in Luanda with João Lourenço, President of Angola, Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET), Paulino Jerónimo, Chairman and CEO of ANP...

April 30, 2024 No Responses

Q1: Seplat Energy Declares US 3 Cents Dividend

Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its unaudited results for the three months ended 31 March 2024, declaring US 3 Cents dividend per share for....

April 23, 2024 No Responses

TotalEnergies Acquires Stake In Gas Firm With $530m

TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530 million, subject to closing adjustment...

April 17, 2024 No Responses

Again, Dangote Crashes Diesel Price

Dangote Petroleum Refinery, on Tuesday, announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. While rolling out the products, recently, the refinery supplied at a reduced price of N1,200 per litre, representing over 30 per cen...

April 15, 2024 No Responses

Shell Sues FIrm As NLNG Risks Sanctions From UK Court

FOLLOWING restriction of Liquefied Natural Gas (LNG) supply to its customers, Shell Plc has made claims against Venture Global LNG(VGL), a United States-based LNG exporter, for its breach of contract to supply LNG cargoes.Also, Nigeria LNG may risk sanctions f...

April 4, 2024 No Responses

Edo Refinery Receives 15,000 Barrels Of Crude

Edo Refinery has received a total of 15,000 barrels of crude oil in 2024 for production from the Oza Oil Field operated by Decklar Resources Inc. and its co-venturer, Millenium Oil & Gas Company Limited. The Chief Executive Officer of...

March 7, 2024 No Responses

Tinubu Signs Executive Orders For Oil, Gas Investments

President Bola Tinubu has signed an executive order to improve the investment climate and position of Nigeria as the preferred investment destination for the oil and gas sector in Africa. This is in keeping with his commitment to remove obstacles...

March 2, 2024 No Responses

NLNG Harps On Critical Role Of Gas To Africa’s Industrialisation

There is real demand for clean energy such as gas in Africa to trigger a massive take-off for industrialization with a growing young population, abundant natural resources, and emerging internal markets, the Managing Director and Chief Executive Officer, Niger...