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 […]
MARKET UPDATE: Oil prices leap to over $76 per barrel Read More »
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
Nigerian National Petroleum Company (NNPC) Limited has signed four Memoranda of Understanding with national oil companies and relevant entities of five African countries on the Nigeria-Morocco Gas Pipeline Project. The five national oil companies and relevant entities are from Morocco, Cote d’Ivoire, Liberia, Benin, Guinea. The signing held at the headquarters of the Economic Community
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,
MARKET UPDATE: Oil prices remain flat as IEA releases Report Read More »
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
Seplat Energy appoints Chioma Y. Afe as Director External Affairs and Sustainability Read More »
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
FUEL SUBSIDY: Oil marketers set to import petrol as CBN liberalizes forex Read More »
MARKET UPDATE: Oil prices slide on EIA report as OPEC plans anniversary in Bagdad By Eyo Nsima Crude oil prices started to drop Wednesday, due mainly to the Energy Information Administration an estimated inventory build of 7.9 million barrels. Traders considered the figure huge considering an inventory draw of half a million barrels for the
MARKET UPDATE: Oil prices slide on EIA report as OPEC plans anniversary in Bagdad Read More »
TotalEnergies has signed a framework agreement with the US Company NextDecade to participate in the development of the Rio Grande LNG (RGLNG) project, a liquefied natural gas (LNG) plant located in South Texas. Under the terms of the agreement, and subject to execution of definitive documentation and final investment decision: TotalEnergies shall hold a 16.7%