How Petrol price rises to N172/lit in March 2021 By OUR CORRESPONDENT The price of petrol rose by 4.0 percent to N172 in March from N166 in February, according to the National Bureau of statistics, NCS. In its latest report obtained by The Daily, https://thedaily-ng.com, NBS, stated: “Average price paid by consumers for petrol increased by […]
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NNPC Records 37.21% Drop in Oil Pipeline Vandalism in January …Increases Gas Supply for Power Generation The Nigerian National Petroleum Corporation (NNPC) has announced a 37.21 % decrease in cases of pipeline vandalism across the country in the month of January 2021. This is contained in the January 2021 edition of the NNPC Monthly Financial
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DPR denies revoking 32 Refinery Licences The Department of Petroleum Resources, DPR, has denied revoking the licences for the construction of 32 refineries in Nigeria. In a statement obtained by The Daily, http://www.thedaily-ng.com, the agency, stated; “Our attention has been drawn to a report in some publications stating that DPR has revoked 32 refinery licences issued to
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Nigeria’s Oil exploration drops by 55.34 % in Q1 ‘21 .Rig count dips to 19 By Alison Godswill There are indications that oil exploration dropped by 55.34 percent in the first quarter, January – March 2021 as Nigeria’s rig count dips to 19, according to data collated from recent reports of the Organisation of
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By Godswill Odiong Since the discovery of major hydrocarbon reserves between 2014 and 2017, Senegal has been a strong advocate for positioning local content and capacity building as the key to unlocking industry growth. While Senegal does have existing local content requirements under its New Petroleum Code (Law No. 01/2019), the emerging petroleum player differentiates
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TOTAL partners Siemens to reduce LNG related emissions Total and Siemens Energy has signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation. In a statement obtained by The Daily, Total, stated: “Each partner will bring together their
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DPR SET TO FLAG-OFF ALTERNATIVE DISPUTE RESOLUTION CENTRE The Department of Petroleum Resources (DPR) is set to flag-off the oil and gas industry Alternative Dispute Resolution Centre (ADRC) with the inauguration of the advisory Council and body of neutrals in Lagos on Thursday 15th April, 2021. The ADRC is one of the centres in the
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Sahara Tanzania expands petroleum product storage capacity to 72m litres Sahara Tanzania Limited, a Sahara Group company, has expanded its storage capacity for petroleum products to 72 million litres in line with its commitment to promoting the availability and reliability of top-quality products in Tanzania and other neighbouring African countries. “Since our Tanzania
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Imo State Governor, Uzodinma, commends Shell’s promotion of community contractors for infrastructure projects The Governor of Imo State, Senator Hope Uzodinma, has commended Shell Petroleum Development Company’s (SPDC) commitment to the development of infrastructure and human capital in communities hosting the Assa North Gas Development Project in the state. The Governor also endorsed the
OPEC Daily Basket – April 9, 2021 OPEC daily basket price stood at $61.14 a barrel Friday, 9 April 2021, compared with $61.22 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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