OIL DEAL: Iraq, Kurdistan close to exporting more than 400,000 bpd By Eyo Nsima The government of Iraq and Kurdistan are close to exporting more than 400,000 barrels per day, bpd in the coming months. Iraq’s oil minister, Hayyan Abdul Ghani, who confirmed the development, said: “Regarding the agreement with the Region, we have reached […]
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BREAKING: Oil prices fall to $73.07 per barrel despite dropping inventory By Eyo Nsima The prices of crudes have fallen by 2.56 per cent to $73.07, from about $75 per barrel recorded last week in the global oil market. The new prices, currently below the 2023 budget benchmarks of some producing and exporting countries, are
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Oil: Nigeria, Libya, Algeria, Angola and Egypt to produce more than 80% of Africa’s output in 2023 —- AEC By Eyo Nsima Top five producers – Nigeria, Libya, Algeria, Angola and Egypt – would produce more than 80 per cent of Africa’s 2023 output, according to African Energy Chamber, AEC. In its first quarter 2023
African Energy Chamber (AEC) Releases Q1 2023 Outlook: The State of African Energy While global supply chains experience significant volatility, African exploration and production have begun to ramp up as international stakeholders turn their attention to high-potential energy markets across the continent. As such, Africa’s energy landscape is on the precipice of widespread change, opening
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MARITIME: Bulk carrier attacked, 3 crew including Captain kidnapped in Gulf of Guinea By Our Correspondent FleetMon has disclosed that a Bulk carrier GREBE BULKER was attacked by pirates at Owendo Anchorage, Gabon in the Gulf of Guinea. It stated: “According to TradeWinds report, three crew were kidnapped, including Captain, Second and Third Officers. The
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MARITIME: Australia’s Advanced Icebreaker, RSV Nuyina, Resumes Operations By Our Correspondent Australia’s advanced research icebreaker, the RSV NUYINA, has returned to its homeport of Hobart, Australia, after a year-long repair and maintenance, according to FleetMon. It stated: “The vessel was laid up in Singapore, where critical systems were repaired and improved. The ship arrived in
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LINKEDIN: NCC disowns fake account of Prof. Danbatta By Eyo Nsima The Nigerian Communications Commission (NCC) has disowned a fake LinkedIn account attributed to the organisation’s Executive Vice Chairman and Chief Executive Officer, Prof Umar Garba Danbatta. In a statement obtained by The Daily, www.thedaily-ng.com, NCC, stated: “The Nigerian Communications Commission (NCC) has been made aware
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Sahara Group, Egbin, NCF join forces to promote environmental sustainability. Leading energy and infrastructure conglomerate, Sahara Group, Egbin Power Plc, a Sahara Group company, and the Nigerian Conservation Foundation (NCF) have commenced a partnership geared towards the establishment of a nature reserve in Ikorodu to promote environmental sustainability. Ikorodu is a coastal city
Sahara Group, Egbin, NCF join forces to promote environmental sustainability. Read More »
BREAKING: Oil prices drop below $80 per barrel in global market By Eyo Nsima Crude oil prices dropped, this morning, below $80 per barrel, from more than $80, recorded last week, due to expected weak economic data from China, a major consumer. Checks by The Daily, www.thedaily-ng.com, indicated that many crudes, including Brent, OPEC Basket, WTI
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Economist: Dangote Urges African Countries to Dismantle Trade Barriers to Sustain Growth, Overall Devt Africa’s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent. The leading private
