The Organisation of Petroleum Exporting Countries, OPEC, has revised non-OPEC supply growth in 2021 down by about 0.2 million barrels per day, mb/d, indicating an increase of 0.7 mb/d, to average 63.3 mb/d. In its February 2021 report obtained by The Daily, www.thedaily-ng.com, OPEC stated: “The forecast for non-OPEC supply growth in 2021 has been […]
The Nigerian Oil and Gas Park being developed by the Nigerian Content Development and Monitoring Board (NCDMB) at Emeyal 1, Bayelsa State would be completed in the 4th quarter of 2022, the Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote has said. He spoke on Wednesday after inspecting construction work at the project site in company
Oil and Gas Park in Bayelsa, ready Q4 2022 Read More »
The Organisation of Petroleum Exporting Countries, OPEC said it is well-pleased with Crude oil Price Movements since January, this year. In its February 2021 report obtained by The Daily, www.thedaily-ng.com, OPEC stated: “Crude oil spot prices rose firmly in January, along with a steady rise in futures markets. Major physical crude benchmarks increased about 10%
JUST IN: OPEC pleased as Crude Oil Price Movements rise further Read More »
The Department of Petroleum Resources, DPR has launched a new digital system to monitor the distribution of petroleum products in Nigeria. Speaking at the launch in Abuja, DPR Director/CEO, Engr. Auwalu Sarki, said: “Out very good information of how the products are been taken out of the borders. To do that, you need to know
DPR launches new system to monitor petroleum products distribution, smuggling, hoarding Read More »
By Adetunji Oyebanji The public, which includes the downstream operators are key stakeholders in the Nigerian oil and gas industry. We believe that as a country, we have and should move beyond the debate on the arguments for the removal of petrol price subsidies. The discussion we should be having today is how best to
After Deregulation, what next? Read More »
The Organisation of Petroleum Exporting Countries, OPEC, has predicted that global demand will rise by 5.8 million barrels per day, mb/d in 2021, as the world continues its battle against the Coronavirus pandemic, which culminated in lockdown, and low demand for oil. In its report obtained by The Daily, www.thedaily-ng.com, it stated: “For 2021, oil
OIL MARKET: Global demand to rise by 5.8 mb/d in 2021 —OPEC Read More »
By Alison Godswill Lateef Jakande, former governor of Lagos state, has died at the age of 91 years. Jakande, was known for many successful projects and programmes during his tenure, which lasted from October 1, 1979 to December 31, 1983, under the then Unity Party of Nigeria. .Details coming soon.
BREAKING: Lateef Jakande, former Governor of Lagos State dies at 91 Read More »
The Nigerian Communications Commission (NCC) has discovered a spurious Facebook Account purporting to be that of the Commission, thus misleading the public. In a statement obtained by The Daily, https://thedaily-ng.com, NCC stated: “In the course of its regular online surveillance aimed at protecting telecoms consumers and industry stakeholders, the Nigerian Communications Commission (NCC) has discovered
NCC alerts on cloned Facebook Account Read More »
The Nigerian Communications Commission (NCC) has joined the rest of the world to celebrate the Africa Safer Internet Day (ASID), which is the continent’s version of the World Safer Internet Day (WSID), held on February 9 every year. In marking the Africa Safer Internet Day 2021, with the theme “Positioning and Partnering for Child Online
NCC sensitizes Students on safer internet practice Read More »
.As Bonny Light price rises to $60.52 per barrel THE Major Marketers Association of Nigeria, MOMAN has disclosed that Nigeria’s fuel subsidy, currently incurred by the Federal Government through the Nigerian National Petroleum Corporation, NNPC was not unsustainable. The price of Bonny Light rose from $59 to $60.52, on February 11, 2021, thus increasing the
Fuel subsidy is unsustainable in Nigeria — MOMAN Read More »
