Oil & Gas

NIGERIA’s PETROLEUM INDUSTRY ACT: Ministry of Justice reviews six new regulations By Eyo Nsima The Federal Ministry of Justice in Abuja, Nigeria, has started reviewing six new regulations, targeted at enhancing the implementation of the nation’s Petroleum Industry Act, PIA. The regulations include Upstream Environmental Remediation Fund Regulation 2023; Upstream Environmental Management Regulation 2023; Upstream […]

B of A Research tasks President Tinubu on oil theft By Eyo Nsima B of A Research has tasked the President Bola Ahmed Tinubu of Nigeria on oil theft, currently affecting the nation’s economy. According to available data, Nigeria losses between 300,000 – 400,000 barrels per day, bpd to oil theft, a development that reduces

Sahara Group, University of Nairobi to promote sustainability in Kenya   Leading energy and infrastructure conglomerate, Sahara Group and the University of Nairobi are working towards establishing a partnership aimed at involving more young Kenyans in the nation’s march towards sustainability. Both organisations met at the University’s corporate affairs division in Nairobi to chart a

Nigerian Gas Association holds Learning Solutions Training Series July 4-9, 2023 By Eyo Nsima The Nigerian Gas Association, NGA, has concluded plans to hold its Learning Solutions Training Series from July 4-9, 2023. The virtual event has Fundamentals of Natural Gas Value Chain Contracts and Finance as its theme. The event, which has many experienced resource persons,

MARKET UPDATE: Oil prices hover at $74 per barrel as economy, supply concerns impact By Eyo Nsima The prices of many crudes hovered this Monday morning at $74 per barrel as the global economy and supply concerns continue to dominate or impact the market. For instance, the price of Brent usually used to benchmark other

MARKET UPDATE: US, Brazil, Norway, Canada, Kazakhstan, Guyana to drive oil supply in 2023 By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has predicted that the United States, Brazil, Norway, Canada, Kazakhstan and Guyana will drive oil supply in 2023. In its oil market report obtained by The Daily, www.thedaily-ng.com, OPEC, stated: “For 2023,

MARKET UPDATE: Oil prices leap to over $76 per barrel By Eyo Nsima Many crude prices have risen this morning in the global oil market, due mainly to improved demand and favourable forecasts. For instance, the price of Brent, usually used to benchmark others, rose to $76.18 per barrel, from over $75 per barrel, recorded

The Nigerian Gas Association (NGA), the umbrella body and the voice of the operators and players in the country’s gas value chain, has hailed the appointment of Ms Olu Verheijen as the Special Adviser on Energy to the newly sworn-in President of the Federal Republic of Nigeria, Bola Ahmed Tinubu GCFR. The leadership of the

On 16th June, 2023 the Seplat Energy JV held the opening ceremony of this year’s edition of its Eye Can See Corporate Social Responsibility (CSR) initiative at the Oba’s Palace in Benin City, Edo State. The company’s signature CSR health programme is designed to ensure the provision of eye care, visual aid and surgical treatment