Category: Oil & Gas

Shell mulls Gas Supply For 255MW Electricity Project

ADEOLA YUSUF

A proposed 225 Megawatts independent power plant is seeking gas supply from Shell Nigeria Gas (SNG), a leading domestic gas supply company with over 150 companies on its customers’ list. Platforms Africa reports that the Managing Director of SNG, Ed Ubong, says the company has the capacity to supply all the gas needed for the project being promoted by Coodsynergyn Oil West Africa Limited (CS OWA), and to be located in Southwest Nigeria. “We have signed the heads of terms agreement with CS OWA as a prelude to a potential…

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Oil price rises as OPEC projects steady demand growth

ADEOLA YUSUF

Brent, the global benchmark for crude oil, rose marginally in price on Thursday, as the Organisation of Petroleum Exporting Countries projected that the demand growth for oil would continue this year. Industry figures showed that Brent moved up by $0.77 or 0.72 per cent to $107.57/barrel at about 7.13pm Nigerian time. It had traded around 106.8/barrel the preceding day. In its statement to the International Monetary and Financial Committee meeting of ministers and governors for April 2022 and released on Thursday, OPEC stated that oil prices had been on the…

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How Petrol Tanker Explosion Killled One, Destroyed Assets in Lagos

ADEOLA YUSUF

Scoopers at the Toll Gate end caused the fire to spread through some roadside makeshift shops to its source at Ajegunle Bus Stop – Lagos State Fire and Rescue Service   The Lagos State Fire and Rescue Service has given details of how a 45,000 litres laden petrol tanker exploded in Lagos, killing one and destroying millions of property. Director of the agency, Adeseye Margaret, said in a statement to Platforms Africa that though her men successfully combated the Fire outbreak at Ajegunle via Toll Gate Bus Stop, Abeokuta Expressway,…

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32 ships to discharge petrol, other items at Lagos port: NPA

ADEOLA YUSUF

The Nigerian Ports Authority (NPA) on Thursday said that 32 ships were expected to arrive at the Lagos Ports Complex from April 21 to April 30. According to NPA in its daily Shipping Position, the ships were expected to arrive with petroleum products, food items and other items. It listed the items as general cargo, frozen fish, container, bulk sugar, butane gas, bulk wheat, bulk urea, bulk salt, bulk gypsum, bulk steam coal, petrol, automobile gasoline and liquefied petroleum gas. READ ALSO: N19bn Petrol Imported Into Nigeria Did Not Get…

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Petroleum Varsity Gets ICT Centre Donation from NNPC, SNEPCo

ADEOLA YUSUF

The 100-seater one-storey building was built and equipped by the NNPC and SNEPCo partnership to promote research, teaching and learning in a conducive environment   The Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo), today, inaugurated a state-of-the-art Information and Communication Technology (ICT) Centre at the Federal University of Petroleum Resources, Effurun, in Delta State. The 100-seater one-storey building was built and equipped by the NNPC and SNEPCo partnership to promote research, teaching and learning in a conducive environment. Delta State Governor, Dr. Ifeanyi…

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Shell Withdraws Staff from Russia Projects

ADEOLA YUSUF

Shell is demobilizing its seconded employees in ventures with Gazprom and Gazprom Neft in a phased process,   Shell Plc started to withdraw staff from its joint ventures with Russia’s Gazprom PJSC as it moves forward with plans to exit investments in response to the war in Ukraine. Dozens of Shell employees on temporary assignment at the Sakhalin-2 liquefied natural gas export project in Russia were, according to a report by Bloomberg, removed over the weekend to be relocated back to other offices, according to people with knowledge of the…

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Oil Vessel With 750 Tons Of Diesel Sinks

ADEOLA YUSUF

Named Xelo, the vessel sought shelter in Tunisian waters from bad weather before going down in the Gulf of Gabes   A tanker carrying 750 tons of diesel fuel from Egypt to Malta sank Saturday off Tunisia’s southeast coast, but there is a possibility of avoiding a large spill, a report by Rigzone showed. The tanker in question – named Xelo – sought shelter in Tunisian waters from bad weather before going down in the Gulf of Gabes. READ ALSO: Russia: EU Courts Nigeria, Surges Demand For Country’s Gas AKK…

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275 Oil Workers, Others Escape As Saipem Crane Vessel Nearly Sinks

ADEOLA YUSUF

Barges next to crane vessels inflicted major damage and are capsized   275 workers and others have escaped death as Saipem 7000, Saipem’s giant semi-submersible crane vessel, tilted and nearly sank in a fjord in Norway. According to the Norwegian news outlet VG citing eyewitness statements, ‘loud bangs’ were heard before the vessel started to tilt in Åmøyfjorden outside Stavanger, a hub of Norway’s offshore oil industry. The accident occurred during a lift in the morning hours, Rigzone reports. READ ALSO: Food Prices Surge As Nigerian Inflation Jumps to 15.92%…

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Eni Lifts Force Majeure, Ends 50m scuf Gas Loss on Nigeria’s Okaka Exports

ADEOLA YUSUF

Italian energy group Eni (ENI.MI) said on Friday it had lifted a force majeure on gas exports from Okaka in Bayelsa state, Southsouth Nigeria. Platforms Africa reports that the force majeure, which lasted for 10 days was announced after the firm repaired a vandalised pipeline that earlier resulted in the loss of 5 million standard cubic metres per day. For the period of 10 days, the loss on the pipeline amounted to 50 million scuf, data compiled by Platforms Africa showed. Eni declared force majeure on April 6 after the…

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NSML, NDA Ink MoU on Maritime Training at Navy Simulation Centre

ADEOLA YUSUF

NLNG Ship Management Limited (NSML) and Nigerian Defence Academy (NDA) have signed a Memorandum of Understanding (MoU) for the training and delivery of maritime-related courses at the Nigerian Navy Simulation Centre (NNSC) of the NDA. At a signing ceremony at the NDA campus in Kaduna, Kaduna State, recently, the two organisations agreed to a framework to guide their technical, academic, and commercial relationships and to provide access to the NSML’s Maritime Centre of Excellence (MCOE) on Bonny Island, Rivers State. According to the MoU, NDA will leverage the expertise, competence…

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