Oil & Gas

.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

By Alison Godswill At last, the oil price has risen to $60 per barrel in the international market as the Organisation of Petroleum Exporting Countries, OPEC continues on its oil deal. Specifically, the price of Brent, usually used to benchmark other oil prices rose from $59 to the current price on February 8, 2021. Other

A 50/50 joint venture between Macquarie’s Green Investment Group (GIG) and Total have been successful in securing rights to a seabed lease in the Eastern Regions zone in the Crown Estate’s Offshore Wind Leasing Round 4. According to Total, “the project, which will be located off the UK’s East Anglian coast, could deliver up to

By Eyo Nsima The International Energy Agency, IEA has predicted that oil market recovery will become more visible in the second half of 2021. In its latest report obtained by The Daily, www.thedaily-ng.com, IEA stated: “Global oil demand is expected to recover by 5.5 mb/d to 96.6 mb/d in 2021, following an unprecedented collapse of