The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Olumide Adeosun, has applauded the deregulation of the petroleum downstream sector and the unification of foreign exchange rates. As the Chief Executive Officer of Ardova Energy, Adeosun acknowledged that the issues of foreign exchange and fuel subsidy had been addressed, but he stressed […]
Sahara Group, The Comms Avenue collaborate to celebrate World PR Day Sahara Group, a leading international energy and infrastructure conglomerate, partnered with The Comms Avenue, a Pan-African capacity-building platform for Communications professionals, to host young professionals in the industry at a private event in Lagos on Saturday 8th July to celebrate World PR Day
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Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE) has emerged as the winner of the ‘Excellence in Energy Leadership Company of the Year 2023’ award at the Excel Africa Excellence in Corporate Enterprise and Leadership Awards. Its Chief Executive Officer, Mr.
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MARKET UPDATE: Prices leap toward $90 per barrel as uncertainty persists By Eyo Nsima Oil prices, weekend, started to leap toward $80 per barrel on the expectation of increased demand in China and a few other oil-consuming economies. Specifically, the prices of Murban crude, Brent, and the Organisation of Petroleum Exporting Countries, OPEC, rose to
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By Eyo Nsima The Energy and Oil ministers of different countries have started their meeting as the 8th OPEC International Seminar begins in Vienna, Austria. In a statement obtained by The Daily, www.thedaily-ng.com, OPEC, stated: “Today, OPEC Energy and Oil ministers attending the 8th OPEC International Seminar in Vienna met on the sidelines of the
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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
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In line with its commitment to promoting sustainable development in Nigeria, Sahara Group has said it would support efforts by the Federal Government and the Bill and Melinda Gates Foundation aimed at tackling poverty, climate change and health challenges in the nation. The Vice President, H.E Kashim Shettima, recently chaired a meeting where critical issues
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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
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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
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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,
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