Price of Brent rises to $77.16 per barrel as OPEC, Non-OPEC ministers postpone the meeting By Eyo Nsima THE price of Brent has risen to $77.16 from $76.10 per barrel, in the international market, due to mainly the indefinite postponement of the Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC ministers meet. In a statement obtained by […]
OPEC Daily Basket – July 5, 2021 OPEC daily basket price stood at $75.71 a barrel Monday, 5 July 2021, compared with $75.21 the previous Friday https://www.opec.org/opec_web/en/press_room/6291.htm
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TotalEnergies and Veolia join forces to develop CO2-based Microalgae Cultivation, produce Biofuels TotalEnergies and Veolia have joined forces to accelerate the development of microalgae cultivation using CO2. The two partners will pool their know-how to develop a four-year research project at the La Mède biorefinery, operated by TotalEnergies, with the long-term goal of producing
Personal representative of the German Chancellor for Africa Gϋnter Nooke’s participation will drive a discussion on Africa’s green hydrogen potential, the continent’s energy transition, and the value of Germany-Africa partnerships. The African Energy Chamber is proud to announce that H.E. Gϋnter Nooke, personal representative of the German Chancellor for Africa, will be attending and participating
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 recently at the NNPC Towers. The agreements which are part of
NNPC, partners to rake in over $760million revenue from OML 130 Gas Supply Agreements Read More »
The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed with excitement, the bold step by both chambers of the National Assembly to pass the Petroleum Industry Bill (PIB). In a statement in Abuja on Thursday , shortly after the NASS decision, the Executive Secretary of NEITI Dr, Orji Ogbonnaya Orji described the decision of the
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DPR REITERATES SUPPORT FOR INVESTMENT IN OIL, GAS The Director, Department of Petroleum Resources (DPR) Mr. Sarki Auwalu, has reiterated the commitment of the organization to support investments in the oil and gas industry to the benefit of all stakeholders. Auwalu stated this when a delegation from Portland Gas in company with their technical partners
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A decade of Gas: OGSPAN urges FG not to impose VAT on LPG By Eyo Nsima The Oil and Gas Service Providers Association of Nigeria, OGSPAN, has urged the Federal Government not to impose the Value Added Tax, VAT, on Liquefied Petroleum Gas, LPG. According to OGSPAN, the planned imposition of VAT on LPG would
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PIND, CNL partner with IRDC to electrify Ondo riverine communities In a bid to provide sustainable energy to some riverine communities in Ondo State, oil giants, NNPC/Chevron Nigeria Ltd Joint Venture (CNL), in partnership with Ilaje Rural Development Committee (IRDC) and Foundation for Partnership Initiatives in the Niger Delta (PIND) have inaugurated a solar power electricity project. The News
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TotalEnergies and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30 meters and 50 meters, and adjacent to the TotalEnergies operated Block 58, where 4 significant discoveries have been made since January