BREAKING: FG opens Third Mainland Bridge in Lagos, Nigeria By Godswill Odiong After many months of closure for maintenance, the Federal Government has opened the Third Mainland Bridge in Lagos, Nigeria for use. The Federal Controller of Works, Lagos, Mr. Olukayode Popoola, disclosed on Sunday, that the total shutdown of the Bridge would
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COVID-19: Confirmed cases rise to 131,242 in Nigeria The confirmed cases of Coronavirus pandemic has risen to 131,242 in Nigeria, according to the Nigerian Centre for Disease Control, NCDC. In its latest report, obtained by The Daily, www.thedaily-ng.com, it stated: “On the 31st of January 2021, 685 new confirmed cases and 8 deaths were
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OIL MARKET: Bonny Light price hovers at $54.44 per barrel By Eyo Nsima The price of Bonny Light, Nigeria’s oil grade, has hovered at $54.44 per barrel, in the international market. This indicates over 414 in excess of the $40 per barrel benchmark price of Nigeria’s 2021 budget, which was also based on
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OIL SPILL: Shell documents four incidents in January, still counting By Eyo Nsima Shell Petroleum Development Company Limited, a leading International Oil Company, IOC in Nigeria has already documented four oil spill incidents in the Niger Delta. According to its report, the company, which is still counting other incidents, said they happened in early January 2021,
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DOWNSTREAM: Dangote Refinery reaches 80.3% completion in Nigeria — Report The $12 billion Refinery has reached 80.3 percent completion, according to the Department of Petroleum Resources, DPR. In its latest report obtained by The Daily, http://www.thedaily-ng.com, the DPR disclosed that the plant, located at Lekki Free Trade Zone is blessed with 650,000 barrels per day,
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The crew of General cargo ship CANTIKA PERSADA loaded with 1600 tons of fertilizers and anchored in Gresik Petrokimia Port waters, Gresik, Indonesia, has been rescued. According to FleetMon, “General cargo ship CANTIKA PERSADA loaded with 1600 tons of fertilizers and anchored in Gresik Petrokimia Port waters, Gresik, Indonesia, dragged her anchor and drifted onto
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Captain of bulk carrier MAPLE GLORY was medevaced by helicopter in the afternoon Jan 30 off Ferrol, Spain, Atlantic, and transferred to hospital, according to FleetMon. It stated: “The ship which was en route from S-Petersburg Russia to Santos Brazil, requested medical assistance for sick Captain with “coronavirus symptoms”, whatever this may mean.” It added:
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New-Panamax container ship MSC MARIA SAVERIA has suffered a mechanical failure while entering Dardanelles from Aegean sea in the morning of Jan 31, 2021, according to FleetMon. It stated: “New-Panamax container ship MSC MARIA SAVERIA suffered mechanical failure while entering Dardanelles from Aegean sea in the morning Jan 31, being en route from Saudi Arabia
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OIL MARKET: We are cautiously optimistic of rebounce —OPEC By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has expressed cautious optimism over the possible rebounce of the oil market in 2021. Speaking at the S&P Global Platts Americas Petroleum and Energy Conference, 27 January 2021, HE Mohammad Sanusi Barkindo, OPEC Secretary-General, said: “Nonetheless, we
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How Declaration of Cooperation helped OPEC to stabilise oil market in the past — Barkindo The Secretary General, Organisation of Petroleum Exporting Countries, OPEC, has recounted the effectiveness of the Declaration of Cooperation, DoC, as a strategy in tackling instability in the global market. In his recent presentation obtained by The Daily, www.thedaily-ng.com, HE Mohammad Sanusi