Oil and Gas Archives — Page 12 of 18

May 27, 2021 No Responses

Court Orders Shell To Cut Emissions By 45%

A Dutch court on Wednesday ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels in a landmark case brought by climate activism groups, which hailed the decision as a victory for the planet.The...

May 11, 2021 No Responses

SPDC’s Pipeline Spills 276 Barrels Of Crude In April

The 14-inch crude trunk line operated by Shell Petroleum Development Company (SPDC) in the Niger Delta region spilled 276 barrels of crude oil in three incidents in April. The News Agency of Nigeria (NAN) learnt on Monday that the 276...

April 29, 2021 No Responses

Crude Oil Extends Gains

Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan and Brazil.Brent crude for June edged up 8 cents, or 0.1%, to...

April 24, 2021 No Responses

Buhari Restores Ownership Of OML 123, Others To NNPC

President Muhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the Nigeria National Petroleum Corporation (NNPC) which is in production sharing contract with Addax Petroleum. Addax Petroleum is wholly owned by Gove...

April 22, 2021 No Responses

Oil Prices Drop As Covid-19 Surge Dents Demand Outlook

Oil prices fell for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world’s third-biggest oil importer.Brent crude futures for June declined 95 cents, or 1.4%, to $65.62...

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...

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...