BREAKING: Nigeria’s Bonny Light hits $56.95 per barrel By Eyo Nsima The price of Nigeria’s Bonny Light has risen to $56.95 per barrel over the American Petroleum Institute (API) favourable report. Consequently, the prices of many crudes, including Bonny Light rose significantly in the international market. Also, the price of Brent rose to $58.17 […]
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Iranian Aframax tanker SAHRA has ran aground on 123 kilometer mark, Suez Canal, below Great Bitter Lake, at around 1000 UTC Feb 1, 2021, according to FleetMon. It stated: “Iranian Aframax tanker SAHRA ran aground on 123 kilometer mark, Suez Canal, below Great Bitter Lake, at around 1000 UTC Feb 1, while transiting Suez in
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Maersk Tankers, which spearhead global shipping giant Maersk’s tanker business, has announced the decision by the Danish company to sell Maersk Pelican, according to FleetMon. It stated: “Pelican was the first product tanker in the world that retrofitted wind propulsion technology into its framework. 2018 saw rotor sails being retrofitted into the tanker for the
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Exxon Mobil Corporation has announced an estimated fourth quarter 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. In its report obtained by The Daily, www.thedaily-ng.com, the company, stated: “Fourth quarter capital and exploration expenditures were $4.8 billion, bringing full-year spending to $21.4 billion, $9.8 billion lower than the prior year. ExxonMobil reports
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Exxon Mobil Corporation has disclosed that Tan Sri Wan Zulkiflee Wan Ariffin has joined its board of directors. Wan Zulkiflee served from 2015 to 2020 as president and group chief executive officer of Petronas, the national oil and gas company of Malaysia. In his role as president and CEO at Petronas, Wan Zulkiflee led strategic
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OPEC daily basket price stood at $55.13 a barrel Monday, 1 February 2021, compared with $54.41 the previous Friday https://www.opec.org/opec_web/en/press_room/6291.htm
Muhammadu Buhari of Nigeria and the Moroccan leader, King Mohammed V1 on Sunday had a telephone conversation to discuss joint efforts towards realization of strategic development projects that include Nigeria-Morocco Gas Pipeline and a fertilizer production plant. This was contained in a statement issued by the Senior Special Assistant to the President on Media and
Nigeria, Morocco to embark on joint Gas Pipeline, construction of fertilizer production plant –As Buhari, King Mohammed V1 hold bilateral talks By Johnbosco Agbakwuru ABUJA—PRESIDENT Muhammadu Buhari of Nigeria and the Moroccan leader, King Mohammed V1 on Sunday had a telephone conversation to discuss joint efforts towards the realization of strategic development projects that
ExxonMobil records $20.1bn 4th Quarter loss in 2020 Exxon Mobil Corporation has announced an estimated fourth quarter 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. In its report obtained by The Daily, www.thedaily-ng.com, the company, stated: “Fourth quarter capital and exploration expenditures were $4.8 billion, bringing full-year spending to $21.4 billion, $9.8 billion
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MARITIME: Maersk sells the first tanker with rotor sails Maersk Tankers, which spearheads global shipping giant Maersk’s tanker business, has announced the decision by the Danish company to sell Maersk Pelican, according to FleetMon. It stated: “Pelican was the first product tanker in the world that retrofitted wind propulsion technology into its framework. 2018 saw
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