Nigerian Gas Association inaugurates new Executive Council The Nigerian Gas Association, NGA, the apex organisation, representing the varied and numerous stakeholders in the gas sector within the Nigerian oil and gas industry, has inaugurated its Executive Council for 2022-2024. The new council members were formally inaugurated at the NGA Dinner & Awards Night on […]
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Infini Power Ltd., NCDMB, GACN sign PPA to supply power to NOGaPS A member of Tetracore Energy Group; Infini Power Limited “IPL” in collaboration with the Nigerian Content Development and Monitoring Board “NCDMB” and the Gas Aggregation Company of Nigeria “GACN”, have signed a Power Purchase Agreement (PPA). The PPA is targeted at supplying Independent
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By Eyo Nsima President Muhammadu Buhari has concluded plans to inaugurate the 650,000 barrels per day, bpd Dangote Refinery on May 22, 2023. In his tweet obtained by The Daily, www.thedaily-ng.com, Special Assistant to the President on Digital Communications, Bashir Ahmad, stated: “Efforts by the Federal Government to make Nigeria self-sufficient in local refining of
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OIL DEAL: Iraq, Kurdistan close to exporting more than 400,000 bpd By Eyo Nsima The government of Iraq and Kurdistan are close to exporting more than 400,000 barrels per day, bpd in the coming months. Iraq’s oil minister, Hayyan Abdul Ghani, who confirmed the development, said: “Regarding the agreement with the Region, we have reached
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By NJ Ayuk Several years ago, the African energy industry was in survival mode. The COVID-19 pandemic had practically eliminated the demand for crude oil, and African exports dropped sharply. That’s why — though many African states are still feeling the wounds inflicted by COVID — I find it encouraging to learn that Africa’s
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BREAKING: Oil prices fall to $73.07 per barrel despite dropping inventory By Eyo Nsima The prices of crudes have fallen by 2.56 per cent to $73.07, from about $75 per barrel recorded last week in the global oil market. The new prices, currently below the 2023 budget benchmarks of some producing and exporting countries, are
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Oil: Nigeria, Libya, Algeria, Angola and Egypt to produce more than 80% of Africa’s output in 2023 —- AEC By Eyo Nsima Top five producers – Nigeria, Libya, Algeria, Angola and Egypt – would produce more than 80 per cent of Africa’s 2023 output, according to African Energy Chamber, AEC. In its first quarter 2023
African Energy Chamber (AEC) Releases Q1 2023 Outlook: The State of African Energy While global supply chains experience significant volatility, African exploration and production have begun to ramp up as international stakeholders turn their attention to high-potential energy markets across the continent. As such, Africa’s energy landscape is on the precipice of widespread change, opening
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Sahara Group, Egbin, NCF join forces to promote environmental sustainability. Leading energy and infrastructure conglomerate, Sahara Group, Egbin Power Plc, a Sahara Group company, and the Nigerian Conservation Foundation (NCF) have commenced a partnership geared towards the establishment of a nature reserve in Ikorodu to promote environmental sustainability. Ikorodu is a coastal city
Sahara Group, Egbin, NCF join forces to promote environmental sustainability. Read More »
BREAKING: Oil prices drop below $80 per barrel in global market By Eyo Nsima Crude oil prices dropped, this morning, below $80 per barrel, from more than $80, recorded last week, due to expected weak economic data from China, a major consumer. Checks by The Daily, www.thedaily-ng.com, indicated that many crudes, including Brent, OPEC Basket, WTI
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