INTERNATIONAL

BREAKING: Oil prices fall to $73.07 per barrel despite dropping inventory

OIL MARKET: Hope rises for oil price, stability as Iraq expresses commitment to compensate for overproduction

Iraq reiterates its commitment to adhering to full conformity and compensating for overproduced volumes in accordance with decisions taken at OPEC and non-OPEC Ministerial Meetings (ONOMM), most recently the 13th ONOMM on 4/5 January 2021, according to the Organisation of Petroleum Exporting Countries, OPEC. In a statement obtained by The daily, www.thedaily-ng.com, OPEC, stated: “Iraq […]

OIL MARKET: Hope rises for oil price, stability as Iraq expresses commitment to compensate for overproduction Read More »

JUST IN: OPEC+ raises Nigeria’s quota to 1.830 million bpd

OPEC, Non-OPEC members cut 2.1 billion barrels in 9 months

…Raises hope for market stability By Eyo Nsima There are indications that oil market would continue to witness stability as the Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC member States, have already withdrawn 2.1 billion barrels of excess oil in the past nine months. This was contained in a statement obtained by The Daily,

OPEC, Non-OPEC members cut 2.1 billion barrels in 9 months Read More »

Iranian crude oil tanker grounding during Suez Canal transit

Iranian Aframax tanker SAHRA has ran aground on 123 kilometer mark, Suez Canal, below Great Bitter Lake, at around 1000 UTC Feb 1, 2021, according to FleetMon. It stated: “Iranian Aframax tanker SAHRA ran aground on 123 kilometer mark, Suez Canal, below Great Bitter Lake, at around 1000 UTC Feb 1, while transiting Suez in

Iranian crude oil tanker grounding during Suez Canal transit Read More »

MARITIME: Maersk sells first tanker with rotor sails

Maersk Tankers, which spearhead global shipping giant Maersk’s tanker business, has announced the decision by the Danish company to sell Maersk Pelican, according to FleetMon. It stated: “Pelican was the first product tanker in the world that retrofitted wind propulsion technology into its framework. 2018 saw rotor sails being retrofitted into the tanker for the

MARITIME: Maersk sells first tanker with rotor sails Read More »

ExxonMobil Launches Investigation Into Near-miss Accident on Hebron Platform

ExxonMobil records $20.1bn 4th Quarter loss in 2020

Exxon Mobil Corporation has announced an estimated fourth quarter 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. In its report obtained by The Daily, www.thedaily-ng.com, the company, stated: “Fourth quarter capital and exploration expenditures were $4.8 billion, bringing full-year spending to $21.4 billion, $9.8 billion lower than the prior year. ExxonMobil reports

ExxonMobil records $20.1bn 4th Quarter loss in 2020 Read More »

ExxonMobil Launches Investigation Into Near-miss Accident on Hebron Platform

ExxonMobil: Tan Sri Wan Zulkiflee Wan Ariffin joins Board of Directors

Exxon Mobil Corporation has disclosed that Tan Sri Wan Zulkiflee Wan Ariffin has joined its board of directors. Wan Zulkiflee served from 2015 to 2020 as president and group chief executive officer of Petronas, the national oil and gas company of Malaysia. In his role as president and CEO at Petronas, Wan Zulkiflee led strategic

ExxonMobil: Tan Sri Wan Zulkiflee Wan Ariffin joins Board of Directors Read More »

Buhari, King Mohammed V1 hold bilateral talk on joint Gas Pipeline, construction of fertilizer production plant

Muhammadu Buhari of Nigeria and the Moroccan leader, King Mohammed V1 on Sunday had a telephone conversation to discuss joint efforts towards realization of strategic development projects that include Nigeria-Morocco Gas Pipeline and a fertilizer production plant. This was contained in a statement issued by the Senior Special Assistant to the President on Media and

Buhari, King Mohammed V1 hold bilateral talk on joint Gas Pipeline, construction of fertilizer production plant Read More »

FENRAD urges President Buhari to publish NDDC Forensic Audit Report

Nigeria, Morocco to embark on joint Gas Pipeline, construction of fertilizer production plant

Nigeria, Morocco to embark on joint Gas Pipeline, construction of fertilizer production plant   –As Buhari, King Mohammed V1 hold bilateral talks By Johnbosco Agbakwuru ABUJA—PRESIDENT Muhammadu Buhari of Nigeria and the Moroccan leader, King Mohammed V1 on Sunday had a telephone conversation to discuss joint efforts towards the realization of strategic development projects that

Nigeria, Morocco to embark on joint Gas Pipeline, construction of fertilizer production plant Read More »

COMMENTARY: Remembering Nigeria’s Niger Delta as World Celebrates 2021 World Wetlands Day

COMMENTARY: Remembering Nigeria’s Niger Delta as World Celebrates 2021 World Wetlands Day By Eyo Nsima, Editor   Today, February 2, 2021, is the World Wetlands Day, a day set aside to celebrate, and harness efforts required to protect wetlands around the world. Theme The importance of this year’s celebration is best summarized by the United Nations

COMMENTARY: Remembering Nigeria’s Niger Delta as World Celebrates 2021 World Wetlands Day Read More »

Scroll to Top