By Olatunde Dodondawa The Minister of State for Petroleum Resources, Chief Timipre Sylva, and the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kolo Kyari, would at the Annual International Conference of Association of Energy Correspondents of Nigeria (NAEC) on August 25, 2022, lead […]
Tag: #energyindustry
Seplat Energy Grows PBT By 197.8% to N34.7billion
By Olatunde Dodondawa … Cash generated from operations hits N74.4bn, rising by 197.8% Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, announces its unaudited results for the three months ended 31 March 2022, recording a rise in […]
NLNG Deputy MD, Sadeeq Mai-Bornu, Ends Tenure, To Hand Over To Olalekan Ogunleye
By Olatunde Dodondawa The Board of Directors of Nigeria LNG Limited (NLNG) has approved the appointment of Mr. Olalekan Olufemi Ogunleye as successor to Engr. Sadeeq Mai-Bornu as Deputy Managing Director of the Company. Engr. Mai-Bornu, appointed by the NLNG Board in April 2016, will return to his parent company, […]
US To Become World’s Largest LNG Exporter In 2022
By Shakrullah Odunsi The United States has been tipped to become the world’s largest exporter of Liquefied Natural Gas in 2022. According to Shell’s latest annual LNG Outlook published today(Monday), LNG exports grew in 2021 despite a number of unexpected outages that dented LNG available for delivery. The USA led […]
More Revenue For Nigeria As Oil Price Rises Above $90
…Price may hit $120/barrel By Shakrullah Owolabi Nigeria may surpass its oil revenue target for 2022 if the current oil price level of over $90 per barrel is sustained in the months ahead. The development signals more revenue inflow for Nigeria as this is about $35.44 a barrel over its […]
Chevron posts $15.6bn best earnings since 2014
By Shakrullah Owolabi U.S supermajor, Chevron has posted full-year 2021 earnings of $15.6 billion, compared to a loss of $5.5 billion in 2020. The oil firm also booked strong cash flow from operations of $29.2 billion and record free cash flow of $21.1 billion last year. Chevron’s net oil-equivalent production […]
NNPC Cautions Against Panic Buying Of Petroleum, Assures Of Adequate Products Supply
By Olatunde Dodondawa NNPC CAUTIONS AGAINST PANIC BUYING, ASSURES OF ADEQUATE PRODUCTS SUPPLY The Nigerian National Petroleum Corporation, NNPC, has assured of adequate stock of petroleum products in the wake of the festive period. The assurance is contained in a statement issued in Abuja, today Tuesday by Garba Deen Muhammad, Group […]
Kyari Allays Fears of Fuel Scarcity, Explains Why Nigeria is Demanding for Energy Justice at COP26
By Olatunde Dodondawa Mallam Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC) has allayed fears of any hitch in petroleum products supply following reports of a resurgence of queues in some parts of the country. The GMD also explained why Nigeria is demanding energy justice at the ongoing […]
Shake-Up: NNPC Promotes, Disengages, Redeploys Senior Management
By Olatunde Dodondawa In a bid to strengthen and reposition the Nigerian National Petroleum Corporation (NNPC) towards attaining global excellence and profitability, the Management of the Corporation has announced the promotion and redeployment of some staff to fill key vacant positions. In a statement released by the Corporation’s Group General […]
Asharami Energy Urges Emission-Cutting Programs In Upstream Operations
By Olatunde Dodondawa Operators in the upstream sector need to develop Nigeria-specific prorams to address the challenge of emissions in the march towards energy transition, Henry Menkiti, Chief Operating Officer, Asharami Energy has said. Speaking at the Society of Petroleum Engineers (SPE) International Conference and Exhibition, Menkiti said the nation […]