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Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

Russia: TotalEnergies acquires 10% of Arctic Transshipment LLC from Novatek

Leave a Comment / INTERNATIONAL, Oil & Gas / Godswill Odiong

By Eyo Nsima TotalEnergies has signed a Sale and Purchase Agreement (SPA) with Novatek to acquire 10% of Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, which owns and will operate two liquefied natural gas (LNG) transshipment terminals being built in the Murmansk and Kamchatka regions of Russia. These terminals will provide export logistics […]

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NIPS 2021 to produce oil and gas industry action plan for the post-Covid-19 pandemic era

Leave a Comment / Oil & Gas / Alison_Godswill

NIPS 2021 to produce oil and gas industry action plan for the post-Covid-19 pandemic era …. Ministerial session to feature African Energy Ministers The Nigeria International Petroleum Summit (NIPS), the African Petroleum Technology & Business Conference, scheduled for June 6 – 10, 2021, is primed to come up with an action plan for Africa’s

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BREAKING: Nigeria’s Bonny Light price hits $70.15 per barrel

Leave a Comment / Oil & Gas / Alison_Godswill

BREAKING: Nigeria’s Bonny Light price hits $70.15 per barrel By Eyo Nsima The price of Nigeria’s Bonny Light has risen further to $69.37 per barrel from $68.38 per barrel, recorded early this week, as the just-concluded Organisation of Petroleum Exporting Countries, OPEC, and Non-OPEC Ministers meeting continues to impact the market. At the 17th OPEC

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WED 2021: Chevron Nigeria Limited’s Commitment to Ecosystem Restoration

Leave a Comment / Chevron News, Oil & Gas / Alison_Godswill

WED 2021: Chevron Nigeria Limited’s Commitment to Ecosystem Restoration “To cherish what remains of the Earth and to foster its renewal is our only legitimate hope of survival.” These words of Wendell Erdman Berry underscore the emerging conversations as we mark yet another World Environment Day. The World Environment Day, which takes place annually on June 5 is an

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Oil Market: Brent price rises to $70.63 per barrel on OPEC, Non-OPEC actions

Leave a Comment / Oil & Gas / Alison_Godswill

Oil Market: Brent price rises to $70.63 per barrel on OPEC, Non-OPEC actions .As Nigeria’s Bonny Light bounces to $69.37 per barrel By Eyo Nsima The price of Brent, Wednesday, surged further to $70.63 per barrel from $70 recorded on Tuesday, this week, due mainly to the decisions of Organisation of Petroleum Exporting Countries, OPEC,

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Oil market shows signs of improvement as OPEC, non-OPEC Ministerial Meeting ends

Leave a Comment / Oil & Gas / Godswill Odiong

By Eyo Nsima The Global oil market has started to show signs of improvement as tThe 17th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, ended on Tuesday, 1 June 2021. In a statement obtained by The Daily, Tuesday, OPEC, stated: “The Meeting noted the ongoing strengthening of market fundamentals, with oil demand showing

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PIA: DPR, others collapse website, NUPRC takes over

DPR to sanction defaulting independent marketers

Leave a Comment / Oil & Gas / Godswill Odiong

Following the expiration of deadline given to all Petroleum Marketers by the Department of Petroleum Resources (DPR) within when to register their retail outlets into its e-Station platform, Abia State Field Office of DPR has advised Petroleum Marketers in the State to cue into the platform or risk not having their operational license renewed. Recall

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NNPC to Acquire Equity in Private Refineries in Line with FG’s Policy

Leave a Comment / NNPC News, Oil & Gas / Alison_Godswill

NNPC to Acquire Equity in Private Refineries in Line with FG’s Policy …To Safeguard National Energy Security The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which stipulates the mandatory participation of the

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NNPC to acquire equity in private refineries in line with FG’s policy

Leave a Comment / NNPC News, Oil & Gas / Godswill Odiong

…To Safeguard National Energy Security The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which stipulates the mandatory participation of the Corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity

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MARKET UPDATE: Oil Prices drop to $72.99 per barrel in early morning trading

Sigmund Oil, Emadeb Energy, Casiva Ltd, Duchess Energy, Duport Midstream, Shafa, others get marginal oil fields

Leave a Comment / Oil & Gas / Alison_Godswill

Sigmund Oil, Emadeb Energy, Casiva Ltd, Duchess Energy, Duport Midstream, Shafa, others get marginal oil fields By Eyo Nsima Indigenous oil firms, Sigmund Oil, Emadeb Energy, Casiva Ltd, Duchess Energy, Duport Midstream, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration, have received their marginal oil fields letters from the Department of Petroleum Resources. Presenting

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