Oil and Gas – Page 10 – City Business News

May 7, 2022 No Responses

Efforts To Reduce Global Gas Flaring Stalled

C The World Bank says global progress to reduce gas flaring, the wasteful industry practice of burning natural gas during oil production has stalled in the last 10 years. This is contained in a statement obtained from the World Bank...

May 6, 2022 No Responses

Oil Edges Up On Supply Jitters

Oil prices edged up on Thursday on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude. Reuters report that pressure from a stronger dollar and a drop in global...

May 6, 2022 No Responses

Shell Records $9.13b Profits In Three Months

Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the...

May 3, 2022 No Responses

EU Divided Over Russian Energy Supplies

European Union countries are split on how soon they wind down dependence on Russian energy supplies. BBC reports that while sanctions have been applied to other areas of business, the EU remains heavily reliant on Russian oil and gas. Germany’s...

April 22, 2022 No Responses

NNPC, SNEPCo Donates ICT Centre To Petroleum Varsity

The Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo), on Thursday, inaugurated a state-of-the-art Information and Communication Technology (ICT) Centre at the Federal University of Petrol...

April 21, 2022 No Responses

Sylva: Nigeria Must Evolve Innovative Ways In Oil, Gas Exploration

To be relevant as a major player in the global oil and gas industry, Nigeria must come up with innovative ways of exploiting and exploring its abundant oil and gas. In his opening remarks at the stakeholders’ consultation on draft...

April 18, 2022 No Responses

Brass LNG: FG Pledges To Complete Project

Minister of State, Petroleum Resources, Chief Timipre Sylva, has pledged commitment to the completion of the stalled Brass Liquefied Natural Gas (BLNG) as the Federal Government seeks new investors to revive the project. Sylva, in a statement ...

April 11, 2022 No Responses

NLNG Completes Training For People Living with Disabilities In Rivers

Twenty People Living with Disabilities (PLWD) in Port Harcourt, Rivers State, have graduated from an empowerment and skills acquisition programme fully sponsored by Nigeria LNG Limited, as part of efforts by the Company to deepen Inclusion and Diversity in its...

April 3, 2022 No Responses

OPEC+ Meeting In Focus

By Lukman Otunuga, Senior Research Analyst At FXTM — OPEC+ is set to meet this afternoon to determine output levels for May. The cartel is widely expected to stick to its existing deal to gradually increase oil production. Any surprises...

March 29, 2022 No Responses

Why India Is Buying More Russian Oil

(BBC) Russia is seeking new markets for its oil exports as Western sanctions tighten – and India has been taking advantage of discounted prices to ramp up imports from the country. The US has said that although these oil imports...

March 14, 2022 No Responses

Manufacturers Seek FG’s Intervention As Diesel Hits N720 Per Litre

The Manufacturers Association of Nigeria (MAN), is seeking urgent intervention from the Federal Government to support the production of goods, as diesel price hits N720 per litre. Mr Lanre Popoola, the Chairman, Manufacturers Association of Nigeria (MAN)...

March 4, 2022 No Responses

NLNG Outlines Strategies For Achieving Decade Of Gas Initiative

The Nigeria LNG Ltd (NLNG) has outlined key strategies that needs to be implemented for Nigeria to achieve the objective of the Decade of Gas initiative. Mr Philip Mshelbila, Managing Director, NLNG, made this known at the 5th Nigeria International...

February 23, 2022 No Responses

Shell Reiterates Commitment To Lower CO2 Emissions In Nigeria

Nigeria’s leading energy company, Shell, has reiterated its commitment to supporting efforts to help the country meet its lower carbon emission target. “Apart from this being the right thing to do, it is also good for our business in Nigeria,”...

February 17, 2022 No Responses

NLNG Refutes Report On Alleged Illegal Shipment Of Oil, Demands Apology

The management of Nigeria Liquefied Natural Gas (NLNG) has described as false and malicious report of alleged illegal shipment of over $1billion oil to the United States and South American Countries. According to NLNG, the report published Febr...