OIL PRODUCTION: FG puts the cost at $10 per barrel in Nigeria, seeks IOCs, others cooperation The Federal Government has set $10 or less per barrel as the cost of oil production in Nigeria. Speaking at the launch of the Nigerian Upstream Cost Optimisation Programme, NUCOP in Abuja, Nigeria, the Minister of State, Petroleum Resources, […]
BREAKING: Petrol price rises by 8.2% as oil price hits over $60 per barrel The price of petrol has risen by 8.2 per cent as oil price increased from over $57 to $60 per barrel in the international market. An investigation by The Daily, http://www.thedaily-ng.com, showed that the price of petrol, which previously sold at N162 per
BREAKING: Petrol price rises by 8.2% as oil price hits over $60 per barrel Read More »
SEPLAT, Sapele Okpe Expand Access to Quality Education with University Teaching Centre Seplat Petroleum Development Company Plc, the operator of the NPDC/SEPLAT Joint Venture assets, OMLs 4, 38 & 41, in partnership with the Sapele Okpe Community in Delta State, has expanded access to equal and qualitative higher education with the commissioning of the National Open
SEPLAT, Sapele Okpe Expand Access to Quality Education with University Teaching Centre Read More »
The Nigerian National Petroleum Corporation (NNPC) has called on stakeholders in the oil and gas industry to join in working towards reducing operations cost to achieve the $10 or less per barrel production cost target. A press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that the Group Managing
NNPC rallies industry stakeholders for Upstream Cost Optimization Read More »
…President IGU, CEO NLNG, others confirm attendance. The Nigerian Gas Association (NGA) is announcing its Industry Multilogues 2, the 12th biennial International Conference themed “POWERING FORWARD: ENABLING NIGERIA’S INDUSTRIALISATION VIA GAS” slated to hold on Thursday, February 25 and Friday, February 26, 2021, to further discuss pertinent issues towards the actualization of a Gas-powered economy.
NGA announces 2021 Industry Multilogue 2 Read More »
The Minister of State, Petroleum Resources, Chief Timipre Sylva has urged Nigerians to be ready to pay more for fuel as crude oil prices rise in the global market. Speaking at the launch of Nigerian Upstream Cost Optimization Program in Abuja, he said with no provision of subsidy in the 2021 budget, Nigerian National Petroleum
Nigerians should be ready to pay more for fuel — Minister Read More »
.As Nigeria’s Bonny Light price hits $59.46 By Alison Godswill The price of Brent has risen to $61.15 per barrel in the international market as the Organisation of Petroleum Exporting Countries, OPEC and non-members continue to cut supplies to the market. The price of other crudes, including OPEC Basket, West Texas Intermediate, WTI, and the
OIL MARKET: Oil price rises to over $61.15 per barrel Read More »
The Angolan Agency for Oil, Gas, and Biofuels, AAOGB has explained that the planned Environmental Impact study is an essential condition for the country’s bidding. In a statement obtained by The Daily, www.thedaily-ng.com, the agency, stated: “Due to some inaccurate interpretations disseminated in national and international media and also on social media about the work
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On February 8, 2021, the Board of Directors, under the conditions set forth at the Extraordinary Shareholders’ Meeting of May 26, 2017, decided to decrease the share capital of TOTAL SE by way of cancellation of 23,284,409 treasury shares representing 0.88% of the share capital. According to Total, “These shares were repurchased from October 31,
Share Capital decrease through treasury shares cancellation Read More »
PRESS RELEASE DPR ISSUES LICENCE TO ESTABLISH FIRST FLOATING LNG PRODUCTION PLANT The Department of Petroleum Resources (DPR) has issued Licence to Establish (LTE) the first floating LNG production plant for the processing of 176MMcfd natural gas and condensate to UTM Offshore Limited, an indigenous oil and gas company at a presentation ceremony at
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