OPEC puts world economic growth at 2.6% for 2023 By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has estimated the 2023 economic growth at 2.6 per cent. In its May 2023 Monthly Oil Market Report, MOMR, obtained by The Daily, www.thedaily-ng.com, the organization, stated: “World economic growth is estimated at 3.3% for 2022 and […]
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MARITIME ACCIDENT: Container ship SHILING in trouble again By Our Correspondent Container ship SHILING in trouble again, still in New Zealand waters – the ship issued distress signal at 0827 LT (UTC +12) on May 12, 2023, according to FleetMon. It stated: “SHILING was disabled and started to drift in NE direction, in rough weather
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Nigeria’s oil output drops 23% to 999,999 bpd as Angola becomes Africa’s highest producer By Eyo Nsima Nigeria’s oil output dropped 23 per cent to 999,999 barrels per day, bpd, in April 2023, from 1.3 million bpd in the preceding month of May 2023. The nation’s oil output rose to 1.3 million bpd in February
JUST IN: How Dangote, Elumelu back NNPC at NUIMS AVAR workshop By Eyo Nsima The Chairman of Dangote Group, Aliko Dangote and the Chairman of Heirs Holding, Tony Elumelu, have given tremendous backing to the Nigerian National Petroleum Company Ltd (NNPCL) in the post-Petroleum Industry Act (PIA) regime. Speaking at the ongoing 2023 Upstream Investment
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Nigerian Gas Association inaugurates new Executive Council The Nigerian Gas Association, NGA, the apex organisation, representing the varied and numerous stakeholders in the gas sector within the Nigerian oil and gas industry, has inaugurated its Executive Council for 2022-2024. The new council members were formally inaugurated at the NGA Dinner & Awards Night on
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SAVING PLANET IN CRISES: Our collective responsibility By Chief Ede Dafinone I am delighted to welcome all of you to the 21st Chief S.L Edu Memorial Lecture. We are glad that once again, you have honoured our invitation as you have always done for the past two decades when we come together like this to discuss pertinent
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ENVIRONMENT: Chief Ede Dafinone tasks stakeholders on Climate Change, Biodiversity By Eyo Nsima The Chairman, National Executive Council, Nigerian Conservation Foundation (NCF), NCF, Chief Ede Dafinone, has called on the government and other stakeholders to give priority to tackling climate change and protecting biodiversity in Nigeria. Speaking at the 21st Chief S.L Edu Memorial Lecture in Lagos, Tuesday,
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MARITIME ACCIDENT: Two crude oil tankers collided with two fv in Japan Sea By Our Correspondent Two crude oil tankers collided with fishing vessels 20-25 nm east off Ulsan, Korea, Japan Sea, in the morning May 9, 2023, according to FlletMon. It stated: “Crude oil tanker SM NAVIGATOR collided with 39-ton fishing vessel at around
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Vice President Osinbajo inaugurates AFAM 3 Fast Power Project as Transcorp Group emerges Abuja DisCo preferred bidder By Eyo Nsima The Federal government has disclosed the emergence of Transcorp Group as the preferred bidder for the Abuja Electricity Distribution Company, AEDC. Vice President Yemi Osinbajo stated this while speaking at the inauguration of the 240
Breaking: Vice President Yemi Osinbajo inaugurates Afam power plant By Eyo Nsima The Vice President of Nigeria , Prof. Yemi Osinbajo has inaugurated the Afam Power Plant. The power plant was bought by Transcorp Plc. With hard work and commitment, the Mr. Tony Elumelu group succeeded in bringing back to life. Details coming later
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