Bonny Light price rises to $52.29 on oil output cut The price of Nigeria’s Bonny Light has risen to $52.29 per barrel as the members of the Organisation of Petroleum Exporting Countries, OPEC and others continue to push for an oil output cut. The leap in price, apparently the highest in recent times, showed […]
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——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
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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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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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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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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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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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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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
