By Eyo Nsima The rig count of Unites States slipped month-on-month, MoM, by 1.8 per cent to 758 in February 2023, from 772 recorded in the preceding month of January 2023. This was disclosed by the Organisation of Petroleum Exporting Countries, OPEC, in its March 2023 Monthly Oil Market Report, MOMR, obtained by The Daily,
JUST IN: United States rig count drops 1.8% to 758 Read More »
By Eyo Nsima Iran, Saudi Arabia and Iraq have emerged as the top three Organisation of Petroleum Exporting Countries, OPEC, nations in terms of rig count, a major index of measuring upstream activities in the oil and gas industry in February 2023. The nations – Iran, Saudi Arabia and Iraq – recorded 117, 77 and
Facts about Iran, Saudi Arabia, Iraq, top three OPEC nations in rig count Read More »
By Eyo Nsima Iran, Saudi Arabia and Iraq have emerged as the top three nations in terms of global rig count, a major index of measuring upstream activities in the oil and gas industry in February 2023. The nations – Iran, Saudi Arabia and Iraq – recorded 117, 77 and 62 rig counts, according to
The Global Process and Pipeline Services Limited (GPPSL) in partnership with IK-Group of Norway has delivered for the first time in Nigeria and Africa the removal and change out of a 36-inch cryogenic pipeline gate valve. The project, executed in June 2022, was the first and largest AOGV ever deployed on the African continent to
GPPSL improves disruptive AOGV technology deployment on African continent Read More »
By Our Correspondent Schneider Electric, a sustainable energy multinational company has called on Nigerian industries to channel their attention on current building management systems for optimum operation. In a statement, Product Application Engineer, Schneider Electric, Tunde Olumuyiwa, said that the need to manage energy usage and minimize costs has become imperative given that the Nigerian
Schneider Electric introduces cost effective energy solutions for Nigerian industries Read More »
The solution will measure, monitor and manage all IT equipment and supporting infrastructure housed within its facilities; TechAccess will act as the solutions integrator for the project and will work with software and hardware providers EkkoSense and Assetspire; Having a DCIM solution will enable Africa Data Centres (https://www.AfricaDataCentres.com/) and its partners to gain critical insights
By Our Correspondent The Securities and Exchange Commission (SEC) has disclosed that the implementation of the Pan-African Payment Settlement System (PAPSS), would culminate in intra-African trade and integration of stock exchanges across Africa. Head, Office of the Chief Economist of the SEC, Dr. Okey Umeano, who noted in Abuja, said that the implementation would improve
SEC says PAPSS implementation will aid integration of African exchanges Read More »
By Eyo Nsima Nigeria’s oil production rose month-on-month, MoM by 3.8 per cent to 1.306 million barrels per day, bpd in February 2023, from 1.258 million bpd recorded in the preceding month of January 2023. Also, on year-on-year, YoY, Nigeria’s oil production increased by 3.8 per cent to 1.306 million bpd in February 2023, from
UPSTREAM: Oil production rises 3.8% to 1.306m bp/d in Nigeria Read More »
TotalEnergies and Paprec, leader in plastic recycling in France, have signed a long-term commercial agreement to develop a French value chain for advanced recycling of plastic film wastes. The agreement will secure the supply of TotalEnergies’ future advanced plastic recycling plant in Grandpuits. Following the terms of this agreement, Citeo, the main organization in charge
With dual challenges of meeting rising demand while transitioning to a cleaner energy future, Africa’s downstream sector has been in the spotlight, and during the 2023 edition of the African Refiners & Distributors Association (ARDA) Conference – where the African Energy Chamber (AEC) (www.EnergyChamber.org) is participating – this very challenge is being explored. During ARDA
Crude Oil, Petroleum Products will Continue to be Important in Africa — Sahara Group Read More »