Energy

Eni lifts its first gas from Jangkrik
Energy

Eni lifts its first gas from Jangkrik

Italy’s energy group, Eni said it has lifted its first shipment of liquefied natural gas (LNG) from Jangkrik, a gas field in Indonesia. The 22,500 m3 cargo left the Bontang Liquefaction Plant, in East Kalimantan, and is headed to Bali, where it will be unloaded as part of a long-term […]

Total acquires OnTruck to its energy portfolio
Energy

Total acquires OnTruck to its energy portfolio

French oil major, Total SA has acquired OnTruck a platform that optimises road freight shipping. According to Total its investment in OnTruck is to target the medium-haul road freight shipping which is a significant and growing market. Total agrees that the market is extremely fragmented, with a low level of […]

Total to pay EUR2.45 per share as dividend
Energy

Total to pay EUR2.45 per share as dividend

Total SA said its board has approved the payment of an annual dividend for 2016 of €2.45 per share and offered the shareholders the choice to receive the final 2016 dividend of €0.62 per share in cash or in new shares of the Company. The period for exercising the option […]

NNPC crashes diesel price nationwide by 42%
Energy

NNPC crashes diesel price nationwide by 42%

The price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months, following key strategic interventions by the Nigerian National Petroleum Corporation (NNPC). It would be recalled that in the first quarter 2017, retail prices of AGO, […]

Exxon to go ahead with Liza Field investment
Energy

Exxon to go ahead with Liza Field investment

Exxon Mobil Corporation said it will proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The company also announced positive results from the Liza-4 well, which encountered more than 197 feet (60 meters) of high-quality, […]