Oil & Gas

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 […]

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

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

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.

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

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

NCDMB inaugurates MG VOWGAS’s New Facilities, harps on Local Content   By Eyo Nsima   The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Tuesday commissioned MG VOWGAS’ newly installed 200-ton heat treatment furnace and state-of-the-art dish head forming machine at the company’s yard in Port Harcourt,

NGA engages SA to President on Energy, Urges Collaborative Efforts to Tackle Industry Challenges     The Nigerian Gas Association (NGA) recently had the honour of paying a courtesy visit to the Special Adviser (SA) to the President on Energy, Mrs. Olu Verheijen and warmly congratulated her on her appointment. The NGA expressed its utmost