Oil and Gas Archives — Page 9 of 19

November 16, 2021 No Responses

Shell Moves HQ To UK, To Change Name, Revamp Share Structure

Royal Dutch Shell plans to move its headquarters to Britain, simplify its share structure and change its name as part of an overhaul that executives say will better position the oil and gas giant’s transition to a cleaner energy business. ...

November 15, 2021 No Responses

OPEC To Sustain Cautious Oil Production

The Organization of the Petroleum Exporting Countries (OPEC) and allied oil-producing countries rebuffed pressure from U.S. President Joe Biden to pump significantly more oil and lower gasoline prices for American drivers, deciding to stick with...

November 5, 2021 No Responses

Indigenous Firms Invest $10b In Oil, Gas Production

The Independent Petroleum Producers Group (IPPG) says its members have invested about 10 billion dollars in oil and gas production in Nigeria from 2003 till date. The group, made up of 24 indigenous oil and gas companies, also pledged to...

November 3, 2021 No Responses

Shell To Expand Natural Gas Market, Sales In Nigeria

By ebosele@hotmail.com — Global energy company, Shell, has announced a new business line in Nigeria to expand natural gas marketing and sales as part of measures to meet the rapidly growing energy needs of wholesale customers and pr...

October 30, 2021 No Responses

ExxonMobil Q3 Profits Rebound To $6.8b

ExxonMobil’s profits rebounded in the third quarter on strengthening oil and natural gas prices as the petroleum giant announced a new share repurchase programme, according to results released on Friday. The US oil company reported profits of S$6.8 billi...

October 29, 2021 No Responses

Seplat Energy Declares N62.6b Operating Profit, Okay $0.025 Dividend For Q3

By ebosele@hotmail.com — Seplat Energy Plc , listed on both the Nigerian Exchange Limited and the London Stock Exchange, has reported a nine month (Q3) 2021 revenue of N182.7billion, representing a rise of 18.7 percent year-on-year. In its unaudited r...

October 29, 2021 No Responses

Oil Sector: Upstream Commission Boss Assures Of Increased Investments

The Federal Government is committed to shoring up the nation’s oil production quota and boosting investments in the upstream segment of the oil and gas industry, the Nigerian Upstream Regulatory Commission (NURC) Chief Executive Officer, Gbenga Komolafe has ...

October 25, 2021 No Responses

TotalEnergies CEO: Spike In Prices Of Gas To Stabilise After Winter

The Chief Executive of TotalEnergies, Patrick Pouyanne said at the weekend that the recent gas price spike had been caused by a strong demand rebound post COVID-19 and prices were likely to stabilise after winter. “I don’t think it (gas price...

October 22, 2021 No Responses

Another Shell’s Tanker Joins Signal Maritime Pool

Signal Maritime, the Signal Group’s shipping arm, has taken commercial management of MT Silver London, the new Shell’s medium-range (MR) tanker, increasing the pool’s fleet size to 15. The addition of the energy major’s tonnage as well ...

October 21, 2021 No Responses

TotalEnergies Accused Of Downplaying Climate Risks

French oil company TotalEnergies knew at least 50 years ago about a link between burning fossil fuels and global warming, researchers have said. An article from 1971 in the company’s magazine, Total Information, mentioned partial melting of ice caps, res...

October 20, 2021 No Responses

ExxonMobil India Gets New CEO

ExxonMobil India has appointed Monte Dobson as Chief Executive Officer and lead country manager, succeeding Bill Davis.As lead country manager, Dobson will be responsible for ExxonMobil subsidiaries in India, the company said in a statement.“India&#8...