GAS

Financial Energy Review wish to retract the publication titled ND Western shut down gas supply to off-takers over N100 billion debt published online 0n July 22, 2022. We apologise  for any discomfort it might have cause the company, its operations and management.   Managing Editor

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that the Company’s 80 percent indirectly owned subsidiary, Accugas Limited, has entered into a new gas sales agreement (“GSA”) with Notore Chemical Industries PLC (“Notore”). Accugas will supply Notore with up to 10 MMscfpd of gas to augment ...

The Nigeria Liquefied Natural Gas has explained that it adopted the Global Memorandum of Understanding model for easy empowerment of its host communities. The company said the model was also adopted to allow host communities to take ownership of and drive their own development. The General Manager, External Relations and Sustainable Development, Andy Odeh disclosed this during the NLNG launch ...

Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency, NOSDRA, released on Sunday. The data revealed that the country lost a total of N707bn in 2021 and N184bn in the first half of 2022, totaling N891bn. According to the NOSDRA ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has placed focus on four cardinal areas for sustainable gas development and utilisation in the country. The commission said that the four cardinal areas were gas reserves growth, optimised gas production, domestic gas utilisation and gas flare elimination. Mr Gbenga Komolafe, Commission’s Chief Executive, NUPRC, made this known at the 2022 ...

******Maintains strong balance sheet with $350m cash at bank Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has reported a rise of 238% in its half year 2022 profit before tax (PBT) to $209.9m from $62.1m year-on-year. The company also maintained a strong balance sheet with $350m cash ...

The Ministry of Petroleum Resources has inaugurated a committee on the Establishment of an Oil and Gas Investment Promotion Office to spur investment in the sector. Mr Kamoru Busari, Director overseeing the Office of the Permanent Secretary said that having an Investment Promotion office in the ministry was a strategic milestone to attract investors in Nigeria’s oil and gas sector. ...

The Ivorian National shores welcomed a whiff of clean energy as SAPET GAS, the pioneer Liquefied Petroleum Gas (LPG) vessel to be named under Ivorian origin and carry the national flag, made its historic maiden voyage to Cote D’Ivoire. Commissioned last May in Ulsan, South Korea, the 23,000 cubic metre capacity vessel which cost CFA 26 billion was received by ...

BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year. Jackdaw will comprise a wellhead platform that is not permanently attended, along with subsea infrastructure which will tie back to Shell’s existing Shearwater gas hub. The project ...

Chevron Nigeria Ltd. has restated its commitment to take deliberate actions in ensuring that the country attain its net zero carbon emission goal by 2060. Mr Victor Anyaegbudike, Communications Manager, Chevron Nigeria and Mid-Africa, said this at the Nigerian-American Chamber of Commerce (NACC) breakfast meeting in Lagos on Tuesday. The Business Intelligence (TBI Africa) recalled that President Muhammadu Buhari, at ...