Oil & Gas

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

MARKET UPDATE: Oil prices remain flat as IEA releases Report .Says World oil markets resetting By Eyo Nsima Oil prices that showed signs of bull last week remained flat Friday morning, due partly to market forces and speculation. Specifically, the prices of Brent, WTI, and OPEC Basket hovered at $75.50, $70.48, and $74.84 per barrel,

NGA commends Federal Government’s Refocus on Autogas in the Wake of Premium Motor Spirit subsidy removal   The Nigerian Gas Association (NGA), the umbrella body and the lead voice of the operators and players in the country’s entire gas value chain, is proud to announce its support for the Federal Government’s renewed focus on prioritising

Seplat Energy appoints Chioma Y. Afe as Director External Affairs and Sustainability   The Board and Management of Seplat Energy Plc are pleased to announce the appointment of Mrs. Chioma Y. Afe as the Director, External Affairs and Sustainability effective June 15th, 2023. Chioma is an accomplished strategic Senior Communications Executive and Business Leader with over

FUEL SUBSIDY: Oil marketers set to import petrol as CBN liberalizes forex By Eyo Nsima Oil marketers in Nigeria have concluded plans to import petrol from the global market as a result of the latest liberalization of exchange rates by the Central Bank of Nigeria, CBN. Checks by The Daily, www.thedaily-ng.com, indicated that many stakeholders, including