UPSTREAM: Nigeria’s oil output hits 1.41m bpd By Eyo Nsima The oil output of Nigeria, a leading African producer has increased by 8.4 per cent to 1.41 million barrels per day, mbpd in August 2023, from 1.30 million bpd in July 2023. According to the September 2023 Nigerian Upstream Petroleum Regulatory Commission, NUPRC, report
UPSTREAM: Nigeria’s oil output hits 1.41m bpd Read More »
Subsidy removal: SERAP gives 36 governors 7 days to disclose details on spending of N2bn palliative Socio-Economic Rights and Accountability Project (SERAP) has urged the 36 state governors in the country to “disclose details on spending of the N2 billion palliative recently disbursed to each state by the Federal Government, including the names of
GASTECH: Stakeholders focus on transformative climate technologies At the third day of Gastech 2023, senior ministers, business leaders, and global climate specialists reached consensus on the steps required to develop new solutions to reduce carbon emissions and accelerate climate technologies. Participants agreed that globally, a clearer picture of the transformative potential of climate technologies
GASTECH: Stakeholders focus on transformative climate technologies Read More »
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
NIGER DELTA: NNPCL kicks against Oando acquisition Read More »
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
Oil boom as prices rise over $90 per barrel on Saudi Read More »
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
ENVIRONMENT: Crude oil spill hits Koh Sichang in Thailand Read More »
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
Oando acquires 100% Eni’s onshore oil, gas assets in Nigeria Read More »
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
OIL MARKET: Anxiety as prices surge to $90.92 per barrel Read More »
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
MOMAN announces Huub Stokman as new chairman Read More »