Oil & Gas

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, […]

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

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

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

BREAKING: DPR, Nigeria’s oil industry regulator presents Marginal fields award letters to investors in Abuja By Eyo Nsima The Department of Petroleum Resources (DPR), Marginal fields award presentation event has started in Abuja, Nigeria. According to the Director/ CEO, DPR, Engr. Sarki Auwalu, only successful investors, who will be receiving their award letters are companies

The Department of Petroleum Resources (DPR), yesterday, announced that it had concluded arrangements to issue award letters to successful investors in the 2020 marginal field bid round programme. In a statement signed by the Head, Public Affairs of the organisation, Mr. Paul Osu, it noted that the award ceremony has now been officially scheduled to