Oil and Gas Archives — Page 2 of 17

November 15, 2023 No Responses

Roger Brown: Africa Should Reposition Energy Industry For The Future

Africa should reposition the energy industry for the future and become much more efficient with its energy resources, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown has said. He urged African countries to accept the fact that energy...

November 15, 2023 No Responses

NCDMB Partners SLB, Varsities, Unveil Software Solutions For Oil, Gas Industry

The Nigerian Content Development and Monitoring Board (NCDMB) and SLB, a global technology company on Tuesday in Lagos unveiled the first three products of their joint program, the NCDMB-SLB Technology Enhancement Program (N-STEP), a platform whereby students ...

November 13, 2023 No Responses

NNPC Settles PENGASSAN-Total Energies Rift, Restores Production of 275,000bopd

Following a peace deal brokered on Sunday by the Nigerian National Petroleum Company Limited, NNPCL, between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Niger...

October 26, 2023 No Responses

NCDMB Boss Warns Against Tinkering With Petroleum Industry Act

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advised that making unending changes to the structures set up by Petroleum Industry Act 2021 could kill the confidence of investors and stal...

October 10, 2023 No Responses

NLNG Advocates For Urgent Action To Secure Gains From Gas

Nigeria must be deliberate in its desire to take opportunities offered by the energy transition, the recognition of gas as a transition fuel and the quest for clean energy to increase its gas investment and harvest the gains from gas,...

September 19, 2023 No Responses

Oil Prices Rise On Supply Deficit Concerns

Oil prices rose on Tuesday for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. Reuters report that U.S. West Texas...

July 16, 2023 No Responses

LNG: Shell, Morocco Seal 12-Year Deal

The management of Shell has signed a 12-year arrangement to supply Morocco with 0.5 billion cubic meters (bcm) of liquefied natural gas (LNG) per year. A statement from the Energy Ministry explained that the agreement was signed by the National...

July 3, 2023 No Responses

Shell Still Trading Russian Gas

Shell is still trading Russian gas more than a year after pledging to withdraw from the Russian energy market. BBC report that the company was involved in nearly an eighth of Russia’s shipborne gas exports in 2022, according to analysis...

July 1, 2023 No Responses

Iheanacho To Indigenous Shipowners: Maximize Opportunities In Oil, Gas Industry

It would be most beneficial for Nigerian shipowners operating in the sub-sector to concentrate on the tanker trade than operating liner services, the Chairman of Integrated Oil and Gas Company, Captain Emmanuel Iheanacho, has said. Iheanacho said this in Lagos...

June 22, 2023 No Responses

ExxonMobil, EverGreen Line Complete Marine Biofuel Deal

Evergreen Line’s vessel Ever Ulysses has received ExxonMobil’s marine biofuel oil blend via a ship-to-ship transfer in Singapore waters before heading to the discharge port. According to ExxonMobil, the commercial marine biofuel oil bunkering was completed...

June 5, 2023 No Responses

Oil Prices Rise As Saudi Arabia Pledges Output Cuts

The prices of oil rallied at the start of trading on Monday morning after Saudi Arabia pledged more output cuts and the 23-member Opec+ alliance extended its production agreement into 2024. Brent, the benchmark for two thirds of the world’s oil,...

May 28, 2023 No Responses

ExxonMobil, Hapag-Lloyd Seal Biofuel Supply Deal

ExxonMobil has signed an agreement to supply German liner major Hapag-Lloyd with B30 marine biofuel oil in the Amsterdam-Rotterdam-Antwerp (ARA) region. Biofuel is an important part of Hapag-Lloyd’s sustainability journey as biofuel blends can give a meaning...

May 12, 2023 No Responses

Oil Falls On Weak US, Chinese Data

Oil prices fell about two per cent to a one-week low on Thursday as a political standoff over the U.S. debt ceiling stoked recession jitters in the world’s biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic...

May 8, 2023 No Responses

Edo Refinery Places Order For 200,000 Barrels Of Crude

Edo Refinery and Petrochemicals Company Limited (ERPC), has placed order for 200,000 barrels of crude from Oza Oil Field operated by Decklar Resources and Millenium Oil and Gas Company. Edo Refinery was established with the injection of N700 mi...