Oil and Gas – Page 14 – City Business News

July 19, 2021 No Responses

Oil Producing Nations Seal Deal To Control Prices

Oil producing nations have agreed to increase their output, with the aim of reducing prices and easing pressure on the world economy. Under the arrangement, the Opec cartel and partners such as Russia will boost supply from August after prices...

July 19, 2021 No Responses

Bayelsa Seeks To Reacquire OML 46 Licence

Indications have emerged that the Bayelsa Government has not given up on its Oil Mining Lease (OML 46) licence which was revoked by the Department of Petroleum Resources (DPR). The News Agency of Nigeria (NAN) reports that Bayelsa Oil Company...

July 15, 2021 No Responses

Shell Seals New NLNG Charter Agreements

Shell Tankers (Singapore) has inked new charter agreements with Knutsen LNG, Pan Ocean and investors advised by J.P. Morgan Asset Management for six Liquified Natural Gas (LNG) ships, bringing its LNG carrier fleet to a total of 24 vessels. Sla...

July 14, 2021 No Responses

Shipping Firms To Tackle Oil Transfers At Sea

Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever tougher restrictions fight back with elaborate strategies to dodge them.Washington ...

July 14, 2021 No Responses

Photo News

L:R: The New Managing Director, Nigeria Liquefied Natural Gas (NLNG) Mr Phillip Mshelbila, in a handshake with Minister of State Petroleum Resources Chief Timipre Sylva and outgoing MD, Dr. Tony Attah, during the introduction of the new NLNG boss, on...

July 10, 2021 No Responses

NLNG Appoints Philip Mshelbila New CEO

The Board of Directors, Nigeria LNG Limited (NLNG) has approved the appointment of Dr. Philip Mshelbila as successor to Engr. Tony Attah, Managing Director and Chief Executive Officer. A statement issued by General Manager,External Relations and Su...

July 10, 2021 No Responses

Profile Of NLNG New CEO, Philip Mshelbila

The Board of Directors, Nigeria LNG Limited (NLNG) on Friday, July 9, 2021 announced the appointment of Dr. Philip Mshelbila as successor to Engr. Tony Attah, Managing Director and Chief Executive Officer. Dr. Philip Mshelbila will resum...

July 6, 2021 No Responses

TotalEnergies Explains $60b Investments In Nigeria

Deputy Managing Director, Deep water District. TotalEnergies, Mr Victor Bamidele, on Monday said the company has invested over$60 billion in exploration and other projects in Nigeria. Speaking at the Ongoing Nigeria Oil and Gas (NOG) Conferen...

July 1, 2021 No Responses

Oil Rises As Stockpiles Fall

Oil prices on Wednesday extended the previous day’s small gains after an industry report showed U.S. crude stockpiles fell last week, overriding trader and investor concerns about transportation curbs in some countries as COVID-19 cases surge.Brent crud...

June 22, 2021 No Responses

Court Orders Mobil, NNPC To Pay N82b To Akwa Ibom Communities

The Federal High Court, Abuja, has ordered Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the oil communities in Ibeno Local Government Area of Akwa Ibom State a cumulative damages of N81.9 billion ove...

June 19, 2021 No Responses

IMO Pushes Back Talks On Fuel Tax

The proposal to introduce fuel levy in the shipping industry to help speed up the transition from fossil fuels to zero-carbon alternatives has been postponed until the next International Maritime Organisation and Marine Environment Protection Committ...

June 16, 2021 No Responses

Buhari Flags Off Construction Of NLNG’s Train 7 Project

By citybusinessnews@yahoo.com — The President of the Federal Republic of Nigeria, Muhammadu Buhari, GCFR, today flagged off the construction of Nigeria LNG Limited’s (NLNG) Train 7 project during the groundbreaking ceremony at the Company’...

June 11, 2021 No Responses

Total Energies Targets 50% Gas Energy Mix

Executive Director Commercial and Strategy, TotalEnergies, Mr George Oguachuba, says the company targets 50 per cent gas energy mix by 2030. Oguachuba made this known at a panel discussion at the 4th Nigeria International Petroleum Summit in A...

June 10, 2021 No Responses

NLNG, Three Firms Seal Domestic Supply Sales And Purchase Agreements

By citybusinessnews@yahoo.com — Nigeria LNG Limited (NLNG) has signed 10-year LNG Sales and Purchase Agreements (SPAs) with three offtakers for the domestic supply of Liquified Natural Gas (LNG) in the country. Under the arrangement, the Company will su...