LEKOIL appoints Tennyson Securities as Joint Broker LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has appointed Tennyson Securities to act as the Tennyson Securities to act as the Company’s Joint Broker alongside SP Angel Corporate Finance LLP with immediate effect. In a statement obtained by […]
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OIL SPILL: How Shell recorded 10 incidents in December 2020 As oil theft and illegal refining continue in the Niger Delta, Shell Petroleum Development Company, SPDC, has recorded 10 oil spill incidents in December 2020, indicating a drop of five when compared to 15 recorded in November. Specifically, the incidents, which Shell attributed to sabotage
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JUST IN: Bonny Light surges towards $56 per barrels on OPEC oil cut By Eyo Nsima The price of Nigeria’s Bonny Light has surged to $55.95 per barrel, just 5 cents behind $60 per barrel in the international oil market as the Organisation of Petroleum Exporting Countries, OPEC, and others intensify efforts in their oil
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OPEC Daily Basket – January 11, 2021 OPEC daily basket price stood at $54.76 a barrel Monday, 11 January 2021, compared with $54.39 the previous Friday https://www.opec.org/opec_web/en/press_room/6291.htm
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Asharami Energy appoints Menkiti as COO to drive enhanced production target Asharami Energy, a Sahara Group Upstream Company, has appointed Henry Menkiti as its Chief Operating Officer to boost ongoing expansion projects aimed at delivering the company’s ambitious production target over the next few years. Henry’s appointment took effect on the 8th December 2020.
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Bonny Light Energy and Offshore Limited supplies 20,000 MT of diesel to market in Nigeria WITH 20,000 MT AGO BonnyLight Energy and Offshore Limited, a wholly indigenous petroleum downstream and an emerging player in product storage, marketing, and distribution of petroleum products and other related services have announced the supply of 20,000.00 MT of Premium
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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