Oil and Gas Archives — Page 11 of 17

April 21, 2021 No Responses

Chevron Contributes N26b To Support Projects In Delta Ijaw Communities

Chevron Nigeria Limited (CNL), on Tuesday, disclosed that it had contributed over N26 billion under NNPC/Chevron Joint Venture to the Egbema-Gbaramatu Communities Development Foundation (EGCDF) of Delta since 2005. Chevron’s General Manager Policy, Government and Public Affairs, Mr Esimaje Brikinn, disclosed this...

April 17, 2021 No Responses

Shell’s LNG Carrier Attains 6.6% Net Savings

A Shell-chartered 170,000 cbm LNG carrier, named Methane Patricia Camila, has achieved 6.6% net savings generated by the Silverstream’s air lubrication system, Silverstream and Shell’s engineers found during operational testing. The system was retrofitted ...

April 16, 2021 No Responses

Shell plays down risk of stranded oil and gas reserves

Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.The disclosure is...

March 30, 2021 No Responses

‘Market Forces Should Determine Gas Prices’

The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity. Chief Executive Officer, DPR, Mr Sarki Auwalu, stated this ...

March 26, 2021 No Responses

Shell Secures First LNG Bunkering Approval In Gibraltar

Global energy giant, Shell has completed its first LNG bunkering services at the Port of Gibraltar. The Port of Gibraltar, also known as Gibraltar Harbour, is a seaport in the British Overseas Territory of Gibraltar. The port was a ...

March 22, 2021 No Responses

Saudi Aramco To Prioritise Energy Supply To China For 50 years

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development Forum on Sunday.Saudi Arabia,...

March 19, 2021 No Responses

Shell MD Seeks Multilateral Approach In Oil, Gas Sector

Managing Director, Shell Petroleum Development Company (SPDC) of Nigeria, Mr Osagie Okunbor, has called for a multilateral approach towards efficient oil and gas sector in Nigeria. Okunbor made the call on Thursday in Abuja, at the “Soc...

March 18, 2021 No Responses

FEC Approves $1.5b For Rehabilitation Of Port Harcourt Refinery

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved 1.5billion dollars for the rehabilitation of the Port Harcourt Refinery in Rivers State. Minister of State for Petroleum Resources, Timipre Sylva, made ...

March 13, 2021 No Responses

IPMAN To Members: Revert To Old Price Of N170

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the South East zone to revert to the old price of N170 and N175 per litre. Mr Chinedu Anyaso, Chairman of IPMAN Enugu Community Depot in charge...

March 5, 2021 No Responses

Oil Extends Gains On OPEC Supply Restraint

Oil prices rose early on Friday, adding to big gains overnight after OPEC and its allies agreed to not increase supply in April as they await a more solid recovery in demand from the coronavirus pandemic.U.S. West Texas Intermediate (WTI) crude futures cl...

March 2, 2021 No Responses

Seplat Petroleum Declares $530.5m Revenue In 2020, Recommends $58m For Dividend

Seplat Petroleum Development Company Plc,Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its audited results for the financial year ended 31 December 2020, recording a reve...

February 3, 2021 No Responses

Exxon Mobil Declares $22.4b Loss

Oil giant Exxon Mobil suffered its first annual loss in decades last year as the pandemic prompted energy use to plunge. The firm lost $22.4bn (£16.4bn) as energy prices dropped – at one point falling below zero. The downturn forced...

February 2, 2021 No Responses

AGPC Raises $260m To Complete Gas Project In Nigeria

Seplat Petroleum Development Company Plc, listed on both the Nigerian Stock Exchange and the London Stock Exchange on Monday announced that its Incorporated Joint Venture (IJV), ANOH Gas Processing Company (AGPC) has successfully raised $260m in deb...

January 16, 2021 No Responses

Heirs Holdings Acquires 45% Of OML 17 From Shell, Total, ENI

Heirs Holdings (HH), in partnership with affiliated company, Transnational Corporation of Nigeria Plc on Friday announced acquisition of 45% participating interest in Nigerian oil licence OML 17 and related assets, th...