NIGER DELTA: NNPCL kicks against Oando acquisition of Agip’s oil assets By Eyo Nsima The Nigerian National Petroleum Company Limited, NNPCL, has challenged the acquisition of Nigerian Agip Oil Company onshore (land) assets by Oando Plc in Nigeria. The sale of Oil Mining Lease, OMLs 60, 61, 62 and 63 was targeted at enabling Agip […]
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Oil boom as prices rise over $90 per barrel on Saudi Arabia, Russia production cut By Eyo Nsima Oil prices have risen to more than $90 per barrel in the global market, due to production cut by Saudi Arabia and Russia. Specifically, the prices of Bonny Light, Brent and OPEC Basket rose to $90.88, $90.87 and
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ENVIRONMENT: Crude oil spill hits Koh Sichang in Thailand By Our Correspondent A major crude, Arab Light Crude leaked from a faulty pipe into Koh Sichang – Laem Chabang waters, Thailand, on the evening of September 3, 2023, according to FleetMon. It stated: “Some 60-80 tons of Arab Light Crude leaked from a faulty
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Oando acquires 100% Eni’s onshore oil, gas assets in Nigeria By Eyo Nsima Oando PLC, Nigeria’s indigenous energy solutions provider, has concluded arragements to buy 100 per cent Italian Eni’s onshore upstream assets in the Niger Delta. In a statement obtained by The Daily, http://www.thedaily-ng.com, yesterday, OandoPlc, stated: “Oando PLC is pleased to announce that
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Mr. Matthieu BOUYER has been appointed the Managing Director/Chief Executive of TotalEnergies Upstream Companies in Nigeria and representative of TotalEnergies Company in Nigeria effective August 21, 2023. A graduate of the engineering school Centrale Nantes in France, Matthieu BOUYER joined Total in 2005 through the Exploration & Production Facilities Engineer program. He held various high-level
OIL MARKET: Anxiety as prices surge to $90.92 per barrel By Eyo Nsima The prices of crudes have surged to $90 per barrel in the international market, due mainly to inventory concerns in the United States. Specifically, the price of Murban, Brent and Bonny Light hit $90.92, $88.65 and $88.35 per barrel over falling inventory
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By Godswill Odiong The Major Oil Marketers Association of Nigeria (MOMAN) has announced Huub Stokman, the Managing Director of NNPC Retail Limited (NRL), as the Association’s Chairman, following the exit of Olumide Adeosun on August 31, 2023. MOMAN in a statement, announced on Friday that Olumide Adeosun has completed his tenure as the Chairman. The
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Industry leaders and expert speakers will on October 05, 2023 share insights, learnings and provide the very best peer-reviewed analysis on opportunities to the already dwindling investments in Nigeria’s energy sector. In a release signed by the Public Relations officer of the Association of the Association of Energy Correspondents of Nigeria (NAEC) Opeoluwani Akintayo, said
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Accelerating Sustainable Hydrocarbon Developments in Africa: SLB Joins AEW 2023 as Bronze Sponsor As Africa’s energy sector grows and new investment is directed into the continent’s vast oil and gas basins, the role service companies play in integrating technological advancements with sustainable oilfield practices continues to expand. Companies such as SLB (formerly Schlumberger), a
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NIGER DELTA: Nigeria loses 400,000 barrels daily — Ribadu By Eyo Nsima The National Security Adviser (NSA), Nuhu Ribadu, said Nigeria still loses 400,000 per day to thieves in the Niger Delta. Ribadu, who led a presidential delegation to inspect the oil and gas facilities at Owaza in Abia and Odogwa in Etche LGA of
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