Sahara Energy backs Fujairah to emerge as a global trading hub The availability of locally produced fuels, enhanced automation, and access to clean fuels should provide a level of market confidence in supply at the Port of Fujairah, Andrew Laven, Chief Operating Officer, Sahara Energy Resources DMCC, Dubai has said. Speaking ahead of the upcoming […]
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NGA tasks FG, others on developing the gas sector By Eyo Nsima The Nigerian Gas Association, NGA, has urged the Federal Government and other stakeholders to enhance the fiscal and operational policies required to attract investments into Nigeria’s gas sector. In a communique issued at the end of its recent 12th International Conference held virtually with Powering
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Total and Shenergy Group, the leading energy player in Shanghai, have signed binding agreements for the supply of up to 1.4 million tons per annum of Liquefied Natural Gas (LNG) from Total, as well as the creation of a joint venture to expand LNG marketing in China. The joint venture (Total 49%, Shenergy Group 51%)
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PH Refinery Rehabilitation a Viable Endeavour – Kyari The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has described the recently approved rehabilitation exercise of the 210,000 barrels per day capacity Port Harcourt Refinery as a worthy undertaking embarked upon after diligent consideration and in strict adherence to industry
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The 2500 barrels per modular refinery being established at Egbokor, Edo State by Duport Midstream Company Limited in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) will be ready for commissioning in the last quarter of 2021. The Executive Secretary of the NCDMB, Engr. Simbi Kesiye Wabote visited the project site on Friday
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Lagos State governor, Babajide Sanwo-Olu, has commended the Dangote Group for situating the biggest investment in the country in Lagos State, and for the positive development which the Dangote Oil Refinery and Dangote Fertiliser Complex would bring to Lagos and the Nigerian economy. President of the Dangote Group, Aliko Dangote, on his part thanked the
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A total of 143 comprising 100 secondary school teachers and 43 Chief Inspectors of Education (CIE) from Edo and Delta states were proud recipients of Seplat Teachers Empowerment Programme (STEP) Certificates, having concluded their three-month training on the programme. The STEP initiative is an educational programme created by the leading indigenous energy company, Seplat Petroleum
The Department of Petroleum Resources (DPR) said it generated over N2 trillion in 2020. Director/chief executive officer of DPR, Engr Sarki Auwalu, who made the disclosure while delivering a keynote address at the 2021 Oloibiri Lecture Series and Energy Forum, organized by the Nigeria Council, Society of Petroleum Engineers, in Abuja, said despite the challenges
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JUST IN: Oil market react as drones attack Saudi Arabian facility By Eyo Nsima The international oil market has reacted to the latest drone attack on Saudi Arabian oil facilities. The prices which had hovered at an average of $64.20 per barrel before the attack has risen to $64.70 per barrel. According to the Organisation
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How oil price drops to $66.20 per barrel on IEA report By Udeme Akpan THE price of Bonny Light, which had risen to over $71 per barrel has dropped to $66.20 per barrel because of the negative International Energy Agency’s report. In the report obtained by The Daily, http://www.thedaily-ng.com, the IEA, stated that the market was still
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