By Eyo Nsima China and Japan have been identified as two top destinations for Australian Liquefied Natural Gas, LNG. According to the EnergyQuest Report, obtained by The Daily, www.thedaily-ng.com, it stated: “Australia had by far the largest market share in China in 2020 with 29.1 Mt (43.3%) of the total LNG imports. Qatar was the […]
LNG: China, Japan equal remain top Australian destinations Read More »
Notwithstanding COVID-19, LNG imports by North Asian countries (including Taiwan) increased by 2.5% to a total of 200.3 Mt LNG in 2020, 4.8 Mt higher than in 2019 when 195.5 Mt was imported, according to the latest EnergyQuest report obtained by The Daily, www.thedaily-ng.com. The report, stated: “Import prices took a hit with the falling
Northern Asian LNG imports top 200 Mt — Report Read More »
By Eyo Nsima There were fears of a possible new price of petrol emerging soon as the landing cost of the product rose from N151 to N180 per litre because high crude oil prices. The consistent rise of crude oil prices from about $58 to more than $63 per barrel has compelled operators to incur
BREAKING: New petrol price underway as landing cost hits N180 per litre Read More »
The price of Nigeria’s Bonny Light has risen further to $62.51 in the international market as the Organisation of Petroleum Exporting Countries, OPEC, and partners, continue in their oil cut deal. The rise in price means that Nigeria, currently over-depending on crude oil production and export will be in a better position to fund its
BREAKING: Nigeria’s Bonny Light price hits $62.51 per barrel Read More »
Executive Secretary NCDMB tasks IOCs on new projects The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has charged International Operating Oil and Gas Companies to emulate Total Exploration and Production Company (Total E&P) in sponsoring new projects and stop being deterred by the delayed passage of the Petroleum
Executive Secretary NCDMB tasks IOCs on new projects Read More »
NLNG TRAIN 7: UNIPORT to get US$6M Gas Research Center As part of the Human Capital Development Programme for the NLNG Train 7 Project, over three billion Naira (US$6m) has been set aside for the strengthening of the LNG and Gas Research Centre at the University of Port Harcourt. The Executive Secretary, Nigerian Content Development and
NLNG TRAIN 7: UNIPORT to get US$6M Gas Research Center Read More »
OIL MARKET: Price rises further to $62.43 per barrel By Alison Godswill The price of crude oil has risen to $62.43 per barrel in the international market as the Organisation of Petroleum Exporting Countries, OPEC, continues to pursue its oil cut policy. Specifically, the price of Brent, which had hovered at $61 in the past
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AFSIA releases first annual Africa Solar Outlook report AFSIA has launched its first annual Africa Solar Outlook report to help solar professionals keep track and better navigate the fast-evolving solar environment across the continent. This report is a country-by-country review of the key drivers for successful solar development. It aims at being the solar decision-maker
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NIGERIA: Oil exploration drops by 150% as stakeholders call for passage of PIB Oil exploration has dropped by 150 percent in Nigeria in the past year, thus causing stakeholders to make case for immediate passage of the Petroleum Industry Bill, PIB into law. In its latest report obtained by The Daily, http://www.thedaily-ng.com, the Organisation of
NIGERIA: Oil exploration drops by 150% as stakeholders call for passage of PIB Read More »
The Department of Petroleum Resources (DPR), yesterday, said the Federal Government is making efforts to upgrade the downstream of the petroleum industry to a global standard. The downstream has the capacity to improve revenue from the oil and gas sector, increase contribution to Gross Domestic Product (GDP), and create massive employment, but has been bedeviled
Nigeria to upgrade oil downstream sector — DPR Read More »
