Oil and Gas Archives — Page 7 of 18

May 3, 2022 No Responses

EU Divided Over Russian Energy Supplies

European Union countries are split on how soon they wind down dependence on Russian energy supplies. BBC reports that while sanctions have been applied to other areas of business, the EU remains heavily reliant on Russian oil and gas. Germany’s...

April 22, 2022 No Responses

NNPC, SNEPCo Donates ICT Centre To Petroleum Varsity

The Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo), on Thursday, inaugurated a state-of-the-art Information and Communication Technology (ICT) Centre at the Federal University of Petrol...

April 21, 2022 No Responses

Sylva: Nigeria Must Evolve Innovative Ways In Oil, Gas Exploration

To be relevant as a major player in the global oil and gas industry, Nigeria must come up with innovative ways of exploiting and exploring its abundant oil and gas. In his opening remarks at the stakeholders’ consultation on draft...

April 18, 2022 No Responses

Brass LNG: FG Pledges To Complete Project

Minister of State, Petroleum Resources, Chief Timipre Sylva, has pledged commitment to the completion of the stalled Brass Liquefied Natural Gas (BLNG) as the Federal Government seeks new investors to revive the project. Sylva, in a statement ...

April 11, 2022 No Responses

NLNG Completes Training For People Living with Disabilities In Rivers

Twenty People Living with Disabilities (PLWD) in Port Harcourt, Rivers State, have graduated from an empowerment and skills acquisition programme fully sponsored by Nigeria LNG Limited, as part of efforts by the Company to deepen Inclusion and Diversity in its...

April 3, 2022 No Responses

OPEC+ Meeting In Focus

By Lukman Otunuga, Senior Research Analyst At FXTM — OPEC+ is set to meet this afternoon to determine output levels for May. The cartel is widely expected to stick to its existing deal to gradually increase oil production. Any surprises...

March 29, 2022 No Responses

Why India Is Buying More Russian Oil

(BBC) Russia is seeking new markets for its oil exports as Western sanctions tighten – and India has been taking advantage of discounted prices to ramp up imports from the country. The US has said that although these oil imports...

March 14, 2022 No Responses

Manufacturers Seek FG’s Intervention As Diesel Hits N720 Per Litre

The Manufacturers Association of Nigeria (MAN), is seeking urgent intervention from the Federal Government to support the production of goods, as diesel price hits N720 per litre. Mr Lanre Popoola, the Chairman, Manufacturers Association of Nigeria (MAN)...

March 4, 2022 No Responses

NLNG Outlines Strategies For Achieving Decade Of Gas Initiative

The Nigeria LNG Ltd (NLNG) has outlined key strategies that needs to be implemented for Nigeria to achieve the objective of the Decade of Gas initiative. Mr Philip Mshelbila, Managing Director, NLNG, made this known at the 5th Nigeria International...

February 23, 2022 No Responses

Shell Reiterates Commitment To Lower CO2 Emissions In Nigeria

Nigeria’s leading energy company, Shell, has reiterated its commitment to supporting efforts to help the country meet its lower carbon emission target. “Apart from this being the right thing to do, it is also good for our business in Nigeria,”...

February 17, 2022 No Responses

NLNG Refutes Report On Alleged Illegal Shipment Of Oil, Demands Apology

The management of Nigeria Liquefied Natural Gas (NLNG) has described as false and malicious report of alleged illegal shipment of over $1billion oil to the United States and South American Countries. According to NLNG, the report published Febr...

February 4, 2022 No Responses

2021:Shell Declares $20.1b Net Profit

Shell surged back into profit last year as oil prices rocketed on recovering demand with economies reopening from pandemic lockdowns. Net profit stood at US$20.1 billion following a loss after tax of US$21.7 billion in 2020, Shell said in a...

January 27, 2022 No Responses

Oil Falls On Profit-Taking

Oil prices fell on Thursday as investors cashed in profits from the 2per cent gains in the previous session after the U.S. Federal Reserve indicated an interest rate hike in March, leading to a technical correction in surging energy markets....

January 20, 2022 No Responses

Dangote Refinery To Reduce Africa’s Petroleum Importation by 36%, Says APPO

African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per cent reduction in the importation of petroleum productions into the continent. Besides, the organisation expressed a belief that t...