OPEC daily basket price
OPEC daily basket price stood at $74.98 a barrel Friday, 30 July 2021, compared with $74.42 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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Seplat grows half year profit before deferred tax by 142.7%
…declares interim dividend of 2.5 cents per share Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show that revenue went up 32percent to $308.8 million in H1’21, from $233.5million in
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NNPC, Partners to rake in over $760million Revenue from OML 130 Gas Supply Agreements
The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract (PSC) are set to earn over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed Thursday at the NNPC Towers. The agreements which are part of
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Shell unveils first female Managing Director for deep-water Nigeria
World energy giant, Shell, has named Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCo) with effect from 1st August 2021. Elohor is the first female to lead a Shell exploration company in the over 60 years of Shell’s operations in Nigeria. She succeeds Bayo
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2021 first half: Dangote Sugar records strong growth
By Eyo Nsima Dangote Sugar Refinery recorded strong improvements in performance indices in half year ended June 30, 2021, as group revenue increased by 27.8 percent to N131.95 billion in contrast to N103.23 billion recorded at the same period in the preceding year. According to the refinery’s unaudited results for the period, Gross profit grew
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Dangote Cement posts resilient performance in first half 2021
By Eyo Nsima Africa’s largest cement producer, Dangote Cement has announced resilient results for the six months ended 30th June 2021 as Group sales volumes hit 15.3Mt. According to the company’s unaudited results for the period under review, Nigerian operations accounted for a sales volume of 9.87 Mt while pan African operations contributed the balance
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#TwitterBan: We are monitoring closely repression in Nigeria, says Commonwealth
The Secretary-General of the Commonwealth Rt Hon Patricia Scotland QC has stated that the Commonwealth is “closely monitoring developments around suspension of Twitter, and allegations of repression of the rights to freedom of expression, access to information, media freedom, as well as disregard for the rule of law in Nigeria.” Ms Scotland said: “All Commonwealth
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ELECTRICITY: TCN restores supply after system collapse in Nigeria
By Eyo Nsima The Transmission Company of Nigeria, TCN, said it has restored power supply after a major system collapse in Nigeria. In a statement obtained by The Daily, www.thedaily-ng.com, TCN, stated: “The Transmission Company of Nigeria hereby states that the nation’s grid was fully restored at 4:59 pm yesterday, 28th July 2021, after a
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Suriname: TotalEnergies records oil find in offshore Block 58
TotalEnergies and Apache Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a water depth of about 850 meters. Sapakara
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Kyari assures AKK Gas Pipeline Project ‘ll be delivered on schedule, create prosperity
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project would be delivered on schedule, create prosperity through massive job opportunities and guarantee peace for the country. A statement by the Group General Manager, Group Public Affairs Division of the
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