MARKET UPDATE: US, Brazil, Norway, Canada, Kazakhstan, Guyana to drive oil supply in 2023 By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has predicted that the United States, Brazil, Norway, Canada, Kazakhstan and Guyana will drive oil supply in 2023. In its oil market report obtained by The Daily, www.thedaily-ng.com, OPEC, stated: “For 2023, […]
$19bn petrochemicals plant earn Aliko Dangote, award from Afreximbank President of Dangote Group, Aliko Dangote was on Monday night recognized and given the “Founder of the Year 2023” award by the African Export-Import Bank (Afreximbank) at an award ceremony held by the bank in Accra, Ghana. The award was given to Dangote because of his newly
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MARITIME ACCIDENT: How Container ship catches fire in Shanghai By Our Correspondent A Container ship, ZHONG GU TAI SHAN, has caught fire in Shanghai, according to FleetMon. It stated: “Late at night Jun 19 fire erupted in engine room of container ship ZHONG GU TAI SHAN while the ship was sailing in Shanghai approach channel,
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Natural Gas Should Be Part of Discussion at Summit for a New Global Financing Pact By NJ Ayuk Somewhere at the intersection of money and climate are more than 600 million Africans who don’t have access to electricity, 890 million Africans without methods for clean cooking, dozens of African nations that depend on hydrocarbons to
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Sahara Group, Covenant University collaborate on human capital transformation Leading energy and infrastructure conglomerate, Sahara Group, has announced a strategic partnership with Covenant University aimed at accessing and transforming exceptional talent from the institution to outstanding global business leaders. The partnership is a significant step towards enhancing Sahara’s commitment to supporting young Africans to
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MARKET UPDATE: Oil prices leap to over $76 per barrel By Eyo Nsima Many crude prices have risen this morning in the global oil market, due mainly to improved demand and favourable forecasts. For instance, the price of Brent, usually used to benchmark others, rose to $76.18 per barrel, from over $75 per barrel, recorded
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OPEC, WAM sign deal on 8th OPEC International Seminar in Vienna By Eyo Nsima The Organisation of the Petroleum Exporting Countries (OPEC) and Emirates News Agency (WAM) have signed an agreement under which WAM will be a media partner for the 8th OPEC International Seminar to be hosted at the Imperial Hofburg Palace in Vienna,
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CLEAN ENERGY: We need to invest $2.8 trillion annually in developing nations — Report By Our Correspondent The International Energy Agency, IEA, and International Finance Corporation, IFC, have disclosed that the world needs to invest $2.8 trillion yearly in order to boost clean energy investment in developing economies. In the report – Scaling Up Private
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SUSTAINABILITY: Port of Brisbane gets $500m loan to advance goals By Our Correspondent The Port of Brisbane, Australia, has agreed to the terms of a sustainability-linked loan for $500 million, which will take effect from June 2023, according to FleetMon. It stated: “A syndicate of 10 banks will be financing this loan, which was negotiated
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MARITIME ACCIDENT: Search begins as Titanic wreck tour submersible lost By Our Correspondent Contacts with deep-dive tour submersible TITAN were lost on June 19, 2023, in North Atlantic, in the TITANIC disaster site area, some 380 nm SE of Newfoundland, according to FleetMon. It stated: “Contacts with deep-dive tour submersible TITAN were lost on Jun
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