Week 58: Natural Gas Report

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Week 58: Natural Gas Report


Reuter reported on Friday, that the United Kingdom Supreme Court permitted a group of 42,500 Nigerian farmers and fishermen to sue Royal Dutch Shell (RDS) in English courts after years of polluted land and groundwater in the Niger Delta oil spills.

The senior Judge said in the latest test of whether multinationals should be held to account for the actions of overseas subsidiaries, there was an argumentable case that UK-based Shell, one of the world's largest energy firms, is accountable.

The decision also marks a turning point in the transparency of international firms. Increasingly impoverished populations are attempting to keep powerful corporate players to account, and their ability to do so would be greatly enhanced by this decision.


Reuters reported on Thursday, days after the oil and gas producer cut wages for top executives and board members, Marathon Oil Corp laid off about 100 U.S. employees, or around 5 percent of its total workforce, a company spokeswoman told Reuters.

While oil prices have risen back above the $60 per barrel pre-pandemic level in recent months, producers are concentrating on improving balance sheets rather than raising production, as demand estimates rely on the rollout of vaccines.

"The spokeswoman for Marathon Oil said that the actions of the company were part of its "commitment to constantly optimize cost structure.


The three-month campaign consists of more than 3,200 sqkm and is scheduled to begin in Q2 2021, using its multisensor streamer system with a zero-offset configuration to use Geo Coral.

This announcement coincides with the decision by Shearwater to open a manufacturing and imaging center in Perth that will serve customers in Australia and Asia-Pacific. In the coming period we will be able to incorporate and expand this center with the leading processing technologies from the Shearwater industry.


Reuters reported on Monday, oil prices rose, with Brent futures reaching $60 a barrel, fuelled by key producers' production cuts and expectations of more U.S. economic stimulus measures to raise demand.

Brent crude hit a high of $59.95 a barrel for April and was 51 cents, or 0.9 percent, at $59.85 by 0041 GMT. On Feb. 20, 2020, front-month rates last reached $60.

A weak U.S. employment report lifted expectations of more stimulus measures, ANZ analysts said, adding that the increased appetite for risk among investors gained from oil products and industrial metals.


Reuters reported on Friday, the chief executive of Virginia natural gas corporation RGC Resources Inc said that the joint venture constructing the $5.8 billion-$6.0 billion Mountain Valley gas pipeline from West Virginia to Virginia expects the project to be completed by the end of 2021.

That correlates to what other companies involved in the project have said after they agreed to give up a national permit in January that covers all stream crossings and obtain individual permits to cross the remaining approximately 430 streams instead.

Mountain Valley Pipeline contends that pursuing the process of individual permits... RGC CEO Paul Nester told analysts on a call, "It is the most effective regulatory path to completing the remaining components of the project."


Reuters reported on Wednesday, that Brookfield Partners with Infrastructure L.P. confirmed an unsolicited C$7.08 billion ($5.6 billion) bid to acquire Canada's Inter Pipeline Ltd as it tries to gain from rebounding demand for oil and gas was rebuffed after an approach last year.

Brookfield has gained 19.65 per cent of economic interest in Inter Pipeline to become the top shareholder in the Calgary based business, controlling and operating assets in utilities, shipments and storing.

The infrastructure firm provided Inter Pipeline with a premium of C$16.50 per share on Wednesday, valuing the equity of the group at C$7.08 billion. The agreement is worth C$13.5 billion, including debt.


Reuters reported on Wednesday that with a new EUR 1 billion ($1.21 billion) issue, Gazprom reverted to the bond market, in a signal of investor trust in the state's Russian gas producer in spite of tensions with the West.

The latest bond agreement comes just 3 weeks after a $2 billion Eurobond issue was raised by Gazprom.

In the last few weeks, the Kremlin critic Alexei Navalny has been imprisoned in Russian relations with the West, resulting in the expulsion of diplomats by tit-for-tats. Gazprom leads from Russia to Germany, against which Washington is opposed, a $11 billion Nord Stream 2 gas pipeline project. The project is subject to U.S. sanctions that delayed it.



TheNation News reported that the Federal Government has launched the Nigerian Upstream Cost Optimization Program (NUCOP) to reduce crude oil costs to 10 dollars per barrel. The Minister for Petroleum made this known in Abuja

Sylva told the meeting that this year's Petroleum Industry Bill (PIB) passed the executive branch of government on the same page as the legislature. If the renovation is complete, the money will be repaid over seven years by deliveries of Nigerian crude and refining products.





he Nigerian LPG Market is the next success story of the Global LPG industry, if you need a partner with a global perspective and local expertise in the Nigerian and African space, kindly book for a free session with our team of experts to help you http://www.kiakiagas.com/book-session or write us an email at advisory@kiakiagas.com or Whatsapp: +2348085269328




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How LPG is contributing to the growth of SMEs in Africas: Your One Stop LPG Provider

A crucial component of human life is energy. Reliable access to modern, reasonably priced energy is essential for a country's social and economic development. Traditional dirty-burning fuels used for cooking, such as coal, wood, and kerosene, produce large amounts of pollutants and carbon monoxide, which are the main contributors to indoor air pollution and its negative health impacts. Continual use of unclean fuels may result in early deaths, an increase in childhood and adult illnesses, associated environmental problems, and stress on the healthcare system, according to experts. Liquefied petroleum gas (LPG) was found in the search for cooking energy that would protect our environment from pollution. LPG is a type of energy that is used in cooking. It is produced by refining raw natural gas or crude oil that comes only from fossil fuel sources. It is kept and moved in LPG cylinders at a reasonable amount of pressure as a liquid. Propane and butane make up the majority of the gases created during the LPG production process. The first online energy company in Nigeria, Kiakiagas, provides excellent, prompt, and safe delivery of liquefied petroleum gas (LPG) and related products to Nigerian households and businesses. The company has developed into an energy solutions provider, paving the way for a future in which gas will drive the switchover of the African energy sector from fossil fuels to renewable sources, bringing electricity to consumers in the last mile from urban to off-grid areas.
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Liquefied Petroleum Gas (LPG) is widely used for cooking around the world, but to a lesser level in most underdeveloped countries. LPG is a nonrenewable source of energy. However, when compared to cooking with hardwood or charcoal, it is commonly known that using LPG has few recorded negative health impacts. One of the main drivers of deforestation in Sub-Saharan Africa is the demand for firewood and charcoal as a source of cooking energy. Increasing the usage of LPG is one of the options for reducing the strain on forest resources. Cooking with biomass produces both greenhouse gas emissions and indoor pollution from black carbon. Kiakiagas has endeavor to reach different classes of people and orientate them on the benefit of LPG to their health. We also give information about how LPG is a more cost-effective, faster, and environmentally friendly cooking method than conventional methods. Following the increase in gas prices, many individuals were seeking for strategies to extend the life of their cooking gas. It's possible and easy to extend the life of your gas. Utilizing these suggestions will help you save a lot of money. Here, we come with a list on how you can conserve your cooking gas and make it last longer:
Social Impact


It is well known that the cost of food has climbed significantly in recent months along with the price of cooking gas, making life difficult for a large number of people. For the typical Nigerian household, cooking gas has turned into a luxury good. Bravo if you still have the means to fill yours to the brim! You don't come across people who can easily and comfortably fill up their gas cylinders every day. Every residence is frantically looking for ways to adapt to this change and extend the gas supply. On a more positive side, we have developed useful advice that will lessen how frequently you visit the petrol station. We have heard the word "savings" so frequently that we are accustomed to it. Many things can be saved, but we have no idea how to do it with LPG. Everyone encounters this question on a daily basis. Is there a way to conserve LPG for cooking? There is, and it's not particularly complicated. Your cooking style only needs a few little tweaks here and there to work. To learn some crucial advice on how to conserve household LPG, scroll down.