Oil & Gas

Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

Africa Oil & Power brings Euro Finance, African Power and Exploration & Production deals to table in June 2021

——as dealmakers gather in Paris The event is entirely dedicated to getting major commitments committed and signed between European investors and African companies and governments Africa Oil & Power will host Francophone African government delegations and European financiers at the first AOP Investor Forum to be held in Paris; the event is entirely dedicated to […]

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Trafigura announces plans to invest up to EUR30 million to develop a Battery Energy Storage System at Nyrstar’s Balen site in Belgium

Trafigura plans EUR30m battery investment in Belgium

Trafigura plans EUR30m battery investment in Belgium   Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, has announced the first live project by Nala Renewables, its newly formed joint venture company with IFM Investors. An investment of up to EUR30 million will be made to develop one of Belgium’s largest

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Cameroon’s Anglophone Crisis lacks Leadership; The U.S. Can Help Fill the Void

GAS: Stakeholders stress collaboration, utilization, others for sector development 

GAS: Stakeholders stress collaboration, utilization, others for sector development By Eyo Nsima Stakeholders have called for close collaboration and increased utilization and other measures as strategies for the sustainable development of Nigeria’s gas sector. Speaking at the Nigerian Gas Association (NGA) first-ever Industry Multilogues, held on December 8 and 9, 2020, which was hosted virtually

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JUST IN: OPEC+ raises Nigeria’s quota to 1.830 million bpd

13th OPEC and non-OPEC Ministerial Meeting concludes

13th OPEC and non-OPEC Ministerial Meeting concludes   The 13th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, has ended with many decisions targeted at making positive impact on the volatile oil market. In a statement obtained by The Daily, www.thedaily-ng.com, OPEC stated: “The Meeting, which reconvened following an initial round of discussions on 4

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Regulator sensitizes Sokoto residents on safe handling of cooking gas

DPR sensitizes Sokoto residents on the safe handling of cooking gas

DPR sensitizes Sokoto residents on the safe handling of cooking gas       THE Department of Petroleum Resources (DPR), has called on users and sellers of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, to strictly adhere to safety rules in the light of the harmattan season.   Mr. Musa Zarumai-Tambuwal, the DPR

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OPEC, WAM sign deal on 8th OPEC International Seminar in Vienna

OIL MARKET: 13th OPEC and non-OPEC Ministerial Meeting to reconvene on January 5, 2021

  OIL MARKET: 13th OPEC and non-OPEC Ministerial Meeting to reconvene on January 5, 2021   The 13th OPEC and non-OPEC Ministerial Meeting has been adjourned until tomorrow, Tuesday, January 5, 2021. The meeting, which will resume at 15:30 (Vienna time) tomorrow would enable the Organisation of Petr9oleum Exporting Countries, OPEC and others to find

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ANGOLA: Total  begins production from Zinia phase 2, developing Block 17

Total-led consortium signs exploration, production agreement in Egypt

Total-led consortium signs exploration, production agreement in Egypt An international consortium led by Total (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) has signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean

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Latest data show that total OECD oil stocks fell further by 20 mb month-on-month in August

Oil Market: We expect a rebound in the second half of 2021, but it could take a couple of years to hit pre-COVID levels

Oil Market: We expect a rebound in the second half of 2021, but it could take a couple of years to hit pre-COVID levels By HE Mohammad Sanusi Barkindo     Let me wish you and all our colleagues a happy new year, and congratulate you all for your hard work in 2020.  You deserve

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