Banner Energy has obtained Approval to construct 13,000MT LPG coastal storage in Ikot-Abasi, Akwa-Ibom State — Mr. Nuhu Yakubu What motivated your company to invest in the LPG sector? The policy is aimed at enthroning gas as preferred energy for the domestic economy because it’s comparatively cheaper. While a litre of government subsidized […]
Nigeria’s Bonny Light price hits $65.01 per day — OPEC By Eyo Nsima The price of Nigeria’s Bonny Light has risen further to $65.01 per barrel, according to the Organisation of Petroleum Exporting Countries, OPEC, Monthly Oil Market Report, MOMR, April 13, 2021. Before the report, the price of the crude had hovered at $61.50 per
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We don’t know how much crude oil Nigeria produces – NEITI THE Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Dr. Orji Ogbonna Orji has disclosed that no Nigerian knows the exact volume of crude oil produced in Nigeria. Dr. Orji explained that the absence of meters at wellheads and the lack of capacity
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NCDMB to partner Amnesty office on Capacity Development The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has pledged the readiness for the Board to partner with the Presidential Amnesty Office in the area of human capacity development for the ex-agitators. He made this known when the interim Sole Administrator of
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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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