Oil and Gas Archives — Page 13 of 18

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 climbed...

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...

January 11, 2021 No Responses

LNG Firm To Receive More Vessels In 2021

Liquefied natural gas shipping company Flex LNG is expanding its fleet of vessels on the water earlier than planned. In a brief statement through its social media channels, Flex LNG informed that it will bring forward the delivery of its...

January 6, 2021 No Responses

OPEC, Non-OPEC Countries To Increase Production By 0.5mb/d In January

The Organisation of Petroleum Exporting Countries (OPEC) and the non-OPEC countries have agreed to increase crude oil production by 0.5 million barrels per day (mb/d) in January. The group reached the agreement at the 13th OPEC and non-OPEC Ministerial M...

December 29, 2020 No Responses

Bayelsa Implores DPR On Revalidation Of Atala Marginal Oilfield

The Bayelsa Government is pursuing revalidation of the licence for Atala Marginal Oilfields on Oil Mining Lease (OML) 46 earlier revoked by the Department of Petroleum Resources (DPR). In a chat with the News Agency of Nigeria (NAN) on Monday,...

December 15, 2020 No Responses

Chevron Contributes N7b To Fund Projects In Delta Ijaw Communities

Chevron Nigeria Ltd. (CNL) has contributed over N7 billion under NNPC/Chevron Joint Venture, to the Egbema and Gbaramatu Communities Development Foundation (EGCDF) since its creation in 2005. Mr Esimaje Brikinn, the General Manager, Policy, Government and...

December 13, 2020 No Responses

Olu Of Warri Implores FG On $16b Ogidigben Gas Project

The Olu of Warri, Ogiame Ikenwoli, has appealed to President Muhammadu Buhari to begin work on the US$16-billion Ogidigben gas project in Warri South-West Local Government Area of Delta. Ikenwoli made the appeal on Saturday during his fifth anniversary celebra...

December 3, 2020 No Responses

NLNG Wins World LNG Award

Nigeria LNG Limited (NLNG) has won the most outstanding contribution in the industry award as a joint winner at the ongoing 2020 World LNG Virtual Summit and Award. NLNG emerged the winner alongside Kplerin, a nomination group comprising British Petroleum...

November 12, 2020 No Responses

NLNG Targets 450,000MT LPG Supply In 2021

The Nigeria Liquefied Natural Gas (NLNG) Limited is to increase its allocation of Liquefied Petroleum Gas (LPG) to the domestic market from 350, 000MT to 450, 000MT by 2021. The NLNG said the move was aimed at supporting the Federal Government...

October 20, 2020 No Responses

NCDMB, NLNG, PETAN, Others Oppose Hike In Content Fund

The Nigerian Content Development and Monitoring Board (NCDMB) and key organisations in the oil and gas industry have opposed proposed two per cent increase in the Nigerian Content Development Fund (NCDF). NCDMB in a s...

October 3, 2020 No Responses

Chevron Refutes Report On Agenda To Migrate Jobs Outside Nigeria

The management of Chevron Nigeria Limited (CNL) has denied plans to migrate Nigerian jobs outside the country.CNL’s General Manager Policy, Government and Public Affairs, Mr Esimaje Brikinn, made the clarification in a statement on Friday.Brikinn spoke follo...