Oil & Gas

OIL MARKET: OPEC shifts events to 51st JMMC Meeting, others to November 30   By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has postponed major events, targeted at achieving stability in the global oil market to November 30, 2023. In a statement obtained by The Daily, www.thedaily-ng.com, it stated: “The 187th Meeting of the […]

Hope rises for CNG, LPG as Portland Gas performs ground breaking in Lagos   By Eyo Nsima Hope has risen increased supply of Compressed Natural Gas, CNG, Liquefied Petroleum Gas, LPG and other cleaner fuels for domestic and industrial purposes as Portland gas Limited performs ground breaking in Lagos. Speaking at the event the Chief Executive

Minister Commends Waltersmith Refinery, NCDMB for Improving Domestic   Refining Capacity The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has commended Waltersmith Group and the Nigerian Content Development and Monitoring Board (NCDMB) for supporting the Federal Government agenda of improving domestic refining capacity. Speaking on Tuesday during a facility tour of Waltersmith Petroman

Africa should reposition the energy industry for the future and become much more efficient with its energy resources, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown has said. He urged African countries to accept the fact that energy has a key role to play in the future of the continent, and the integration

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

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