Board of Directors Approves Model for Sale of Petrobras’ Shares Holds in Braskem
The Board of Directors of Petrobras approved the sale model of up to 100 percent of the preferred shares it holds in Braskem SA (Braskem), to be conducted through a secondary public offering(s) of shares (follow-on), in collaboration with Novonor SA and NSP Investimentos SA (both referred to as Novonor), dubbed the Offer. Petrobras also […]
Shell Completes Acquisition of Solar & Energy Storage Developer Savion
Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, has been acquired by Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell). Savion specializes in the development of solar power and energy storage projects, with more than 18 gigatonnes of solar power and battery storage […]
Ararume appointed NNPC Ltd chair, as Buhari approves incorporation
President Muhammadu Buhari, at the weekend directed the formal incorporation of Nigerian National Petroleum Company (NNPC) Limited and has also appointed its board of directors and management. Femi Adesina, special adviser to the president on media and publicity, who announced the decision in a statement on Sunday also named the management and board members of […]
Nigeria’s external reserves grow by $1.96bn in 19 days, on improved crude oil price
Nigeria’s external reserves have grown by 3.71 percent, or $1.96 billion, in the last 19 days. According to figures obtained from the Central Bank of Nigeria (CBN) on Sunday, Nigeria’s external reserves climbed from $34.10 billion on September 1 to N35.36 billion on September 19, 2021. The breakdown shows that in the first eight days […]
TotalEnergies, NNPC to strengthen partnership
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says the corporation will strengthen partnership with TotalEnergies for effective delivery of services to shareholders. Kyari disclosed this when the New President, Exploration and Production of TotalEnergies, Nicolas Terraz and his delegation visited him in Abuja, on Friday. “We are very […]
Shut down all illegal refineries, NSCDC boss tell officers
The Commandant General of Nigeria Security and Civil Defence Corps, Ahmed Audi, has charged zonal and state commandants in the country, to step up their operational activities in securing the nation and safeguarding critical assets and infrastructure. To this end, the NSCDC boss directed all state Commandants to strengthen their anti-vandalism drive by closing more […]
Shell restates commitment to research, development in Nigeria
Energy giant, Shell, has said its research and development strategy is aligned with Nigeria’s 10-year strategic roadmap for local content being implemented by the Nigerian Content Development and Monitoring Board (NCDMB). Managing Director of the deep-water business of Shell in Nigeria, Mrs. Elohor Aiboni, said Shell Nigeria Exploration and Production Company (SNEPCo) would continue to […]
Gas price soar, Nigerians move to kerosene, firewood
The price of household kerosene has continued to increase as more Nigerians, especially in the suburbs, switch from cooking gas to kerosene, firewood and charcoal. As a result of high demand for kerosene, data from the country’s statistics bureau, NBS, said price of kerosene continues to soar as average price per litre paid by consumers […]
Nigeria’s statistics bureau halts monthly gas report publication
Nigeria’s National Bureau of Statistics, NBS, has halted publication of its monthly gas report amidst recent public outcry over alarming gas prices, SweetcrudeReports findings have shown. The Bureau’s monthly gas pricing update that usually got published on its websites along other monthly reports, was nowhere to be found as of Friday. The August gas report […]
NAPE calls for establishment of Energy Bank in Nigeria
The President of the Nigerian Association of Petroleum Explorationists, NAPE, Mrs. Patricia Ochogbu, has called for the establishment of Energy Bank in Nigeria. Speaking to journalists in Lagos, Ochogbu said an energy bank would give oil and gas industry players better access to funding, which could help indigenous players in the industry achieve capacity development. […]