ExxonMobil: Tan Sri Wan Zulkiflee Wan Ariffin joins Board of Directors Exxon Mobil Corporation has disclosed that Tan Sri Wan Zulkiflee Wan Ariffin has joined its board of directors. Wan Zulkiflee served from 2015 to 2020 as president and group chief executive officer of Petronas, the national oil and gas company of Malaysia. In […]
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Sylva performs groundbreaking of Atlantic Energy Infrastructure Park The Minister of State for Petroleum Resources, Chief Timipre Sylva has performed the groundbreaking ceremony of an Energy Infrastructure Park being developed by Atlantic International Refinery and Petrochemical Limited in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) at Okpoama, Brass Local Government Area,
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The $12 billion Refinery has reached 80.3 per cent completion, according to the Department of Petroleum Resources, DPR. In its latest report obtained by The Daily, https://thedaily-ng.com, the DPR disclosed that, the plant, located at Lekki Free Trade Zone is blessed with 650,000 barrels per day, BPD capacity, meaning that it would enable Nigeria, which
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AGPC raises US$260m to complete ANOH project and drive energy transition in Nigeria Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange, has announced that its Incorporated Joint Venture (IJV), the ANOH Gas Processing Company (“AGPC”), has successfully raised US$260m in
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ExxonMobil: Len Fox elected as a controller, corporate vice president; David Rosenthal to retire By Eyo Nsima The Exxon Mobil Corporation board of directors has elected Len M. Fox as vice president and controller for the company, effective March 1, 2021. Fox will replace David Rosenthal, who is anticipated to retire on or about July
OIL MARKET: Bonny Light price hovers at $54.44 per barrel By Eyo Nsima The price of Bonny Light, Nigeria’s oil grade, has hovered at $54.44 per barrel, in the international market. This indicates over 414 in excess of the $40 per barrel benchmark price of Nigeria’s 2021 budget, which was also based on
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OIL SPILL: Shell documents four incidents in January, still counting By Eyo Nsima Shell Petroleum Development Company Limited, a leading International Oil Company, IOC in Nigeria has already documented four oil spill incidents in the Niger Delta. According to its report, the company, which is still counting other incidents, said they happened in early January 2021,
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DOWNSTREAM: Dangote Refinery reaches 80.3% completion in Nigeria — Report The $12 billion Refinery has reached 80.3 percent completion, according to the Department of Petroleum Resources, DPR. In its latest report obtained by The Daily, http://www.thedaily-ng.com, the DPR disclosed that the plant, located at Lekki Free Trade Zone is blessed with 650,000 barrels per day,
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OIL MARKET: We are cautiously optimistic of rebounce —OPEC By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has expressed cautious optimism over the possible rebounce of the oil market in 2021. Speaking at the S&P Global Platts Americas Petroleum and Energy Conference, 27 January 2021, HE Mohammad Sanusi Barkindo, OPEC Secretary-General, said: “Nonetheless, we
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How Declaration of Cooperation helped OPEC to stabilise oil market in the past — Barkindo The Secretary General, Organisation of Petroleum Exporting Countries, OPEC, has recounted the effectiveness of the Declaration of Cooperation, DoC, as a strategy in tackling instability in the global market. In his recent presentation obtained by The Daily, www.thedaily-ng.com, HE Mohammad Sanusi
