OIL: Saudi Arabia, Iraq, Iran, UAE, Kuwait, Nigeria, Angola remain OPEC’s top 7 producers By Eyo Nsima Saudi Arabia, Iraq, Iran, UAE, Kuwait, Nigeria, and Angola remain the top seven oil-producing members of the Organisation of Petroleum Exporting Countries, OPEC, based on data obtained from secondary sources. The countries – Saudi Arabia, Iraq, Iran, […]
OIL MARKET: Prices drop to $80 per barrel .As High-Level Meeting of the OPEC-India Energy Dialogue ends By Eyo Nsima The prices of crudes have dropped to $80 per barrel, weekend, from more than $90 per barrel last week. Specifically, the prices of the Organisation of Petroleum Exporting Countries, OPEC Basket and Nigeria’s Bonny
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LNG: We have not shut down — NLNG By Eyo Nsima The Nigeria LNG Limited (NLNG’s) said it has not completely shut its plant in Bonny, Rivers State as speculated in the media. In a statement obtained by The Daily, weekend, the company stated: “Our attention has been drawn to a newspaper report on
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SPDC JV sets up Centres of Excellence to drive manpower development in oil industry The Shell Petroleum Development Company (SPDC) of Nigeria Limited operated Joint Venture has built and handed over a Centre of Excellence in Geosciences and Petroleum Engineering to the University of Benin, as part of efforts to encourage manpower development in
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Russia-Ukraine Crisis Takes Toll on Nigeria’s Crude, Affects Inflow, says NNPC The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international oil market, leading to a dip in demand from the once-dependable Asian market at
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NLNG pledges to supply over 1.3m metric tons to Nigerian market By Eyo Nsima The Nigerian LNG limited has promised to sustain the supply of 1.3 million Liquefied Petroleum gas, LPG annually to the Nigerian market. In a statement obtained by The Daily, www.thedaily-ng.com, it stated: “NLNG has been making defining contributions to the domestic
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2024 NAPE Summit attendee registration surges 47% By Eyo Nsima NAPE — the place where deals happen — is packing Houston’s George R. Brown Convention Center with dealmakers and decision-makers from companies large and small representing all facets of energy. As of NAPE’s “preferred rate” deadline, attendee registration for the 2024 NAPE Summit
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OIL MARKET: Prices slide to $80 per barrel on US inventories By Eyo Nsima The prices of many crudes have dropped to $80 per barrel, due mainly to rising inventories in the United States. The American Petroleum Institute (API), put the current inventories at 11.9 million barrels for the week ending November 3, 2023.
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NNPC/Aiteo Joint Venture Launches Nembe Crude Oil Grade By Eyo Nsima The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil
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NESG: EO5 should be extended beyond oil and gas. The Chief Operating Officer (COO) of MicCom Cables and Wires, Bukola Adubi, has called for the implementation of Executive Order 5 (EO5) beyond the oil and gas sector. She made the call in an interview with journalists on the margins of the 29th edition
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