Tanker ARIN struck the Buraiqa oil pier at Misrata port, Libya, in the evening April 29, 2021 while berthing, according to FleetMon. It stated: “Pier was severely damaged and partially destroyed, tanker seemingly, sustained dents, probably a gash. She arrived from Tobruk Libya, and as of May 1, remained berthed in port. Photos Ministry of […]
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ExxonMobil earns $2.7bn in the first quarter of 2021 Exxon Mobil Corporation has announced an estimated first-quarter 2021 earnings of $2.7 billion, or $0.64 per share assuming dilution, compared with a loss of $610 million in the first quarter of 2020. Results included unfavorable identified items of $31 million, or $0.01 per share assuming
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… records EBITDA of $77.8 million Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange, has announced its announces its unaudited results for the three months ended 31 March 2021, recording a rise in revenue by 16.8 per cent to
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By PROF. UMAR GARBA DANBATTA, FNSE, FRAES, FAEng, FNIEEE It gives me great pleasure to give this keynote address at the 3rd Discourse Series of the Advocate Law Practice. I am pleased to note that the theme of this Discourse is “Powering the Fourth Industrial Revolution in Nigeria” – I believe that this theme is
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OTC, NAPE announce historic ‘Synergy in Energy’ Partnership Two of the most prominent energy conferences in the world – the Offshore Technology Conference (OTC) and NAPE Summit – announced a first-of-its-kind “Synergy in Energy” partnership. Both events will be held in Houston between 16–20 August 2021, and guests will have the option to purchase
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TOTAL announces first 2021 Interim Dividend Stable at €0.66/SHARE Total, a broad energy company that produces and markets fuels, natural gas, and electricity, has announced its first 2021 Interim Dividend Stable at €0.66/SHARE. In a statement obtained by The Daily, www.thedaily-ng.com, the company stated: “The Board of Directors met on April 28, 2021, and declared the
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DPR boss bags OGTAN award, assures indigenous oil, gas trainers of more collaboration The Department of Petroleum Resources (DPR) has assured indigenous oil and gas trainers of more collaboration towards sustainable human capacity development for the benefit of all stakeholders in the Nigerian oil and gas value chain. Engr. Sarki Auwalu, Director and Chief Executive
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INTERVIEW: Oil will remain relevant for more than 50 years — DPR With the quest for renewable energy and other resources, many people think the era of oil is over. But in this interview Engr. Sarki Auwalu, Director/Chief Executive Officer, Department of Petroleum Resources, said it will remain relevant in over the next 50
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By Eyo Nsima Trafigura Group Pte Ltd (Trafigura ), one of the world’s leading independent commodity trading companies, announced the closing of a new US Private Placement transaction, raising USD203.5 million of financing across 5, 7 and 10 year tenors. The transaction was Trafigura’s sixth in this market, and was timed to refinance a USD98
By Eyo Nsima ExxonMobil has made a new oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. According to the company, “Drilling at Uaru-2 encountered approximately
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