Oil & Gas

The Shell Petroleum Development Company Nigeria Limited, TechnoOil Group, Schlumberger and other international and indigenous oil and gas companies have emerged winners at 6th edition Nigeria International Energy Summit (NIES 2023) Industry Awards. The annual prestigious N.I.E.S Energy Industry Awards is bestowed on individuals and organizations that cemented its reputation through technical contributions, service to […]

Sahara Group Foundation rebrands to promote access to energy, sustainable environments   Sahara Group Foundation, the social sustainability vehicle for leading energy and infrastructure conglomerate, Sahara Group, has unveiled its refreshed brand identity to reinforce its commitment to promoting access to energy and sustainable environments. The unveiling event at Sahara Group’s office in Ikoyi, Lagos

By Eyo Nsima Nigeria’s oil output dropped month-on-month, MoM, by 2 per cent to 1.517 million barrels per day, bpd in March 2023, from 1.547 million bpd recorded in February 2023. The output had risen by 3.5 percent in February 2023 to 1.54 million bpd, from 1.494 million barrels per day recorded in January, thus

By Eyo Nsima The NNPC Ltd said it has received with great relief, the resolution of the House of Representatives to investigate the allegation of the payment of a huge sum of twenty billion naira to so-called “ghost consultants.” In a statement obtained by The Daily, www.thedaily-ng.com, the company, stated: “NNPC Ltd had earlier refuted

The Seplat Energy JV supports Entrepreneurship Fellowship Programme, which aims at developing participants’ leadership skills, social entrepreneurship, and business management abilities, through customized and targeted capacity building workshops. In addition, the beneficiaries’ ability to action their ideas is supported through equipment funding and mentoring. On April 3, the company held a special event to celebrate

By Eyo Nsima The Nigeria-based Petroleum Technology Association of Nigeria, PETAN, has unfolded its programme at the Offshore Petroleum Technology, OTC, holding in Houston, Texas, USA, from May 1 – 4, 2023.   According to PETAN, the event has ‘Energy Transition and AfCFTA: Key Reforms for Sustainable Development of the African Oil and Gas Industry’

OIL MARKET FORECAST: Will OPEC’s 1.16 million oil cut shoot prices to $100 per barrel? By Our Correspondent Since the Organisation of Petroleum Exporting Countries, and allies, popularly known as OPEC+ announced its 1.16 million oil cut, the oil market has not been the same again. The bullish state of the oil market, partly driven

By Eyo Nsima Crude oil inventories have dropped by 4.346 million barrels, according to the American Petroleum Institute (API) data, thus sustaining the continued surge in prices. The API data obtained by The Daily, www.thedaily-ng.com, indicated that U.S. crude oil production fell to 12.2 million bpd for week ending March 24, 2023. But the major

By Eyo Nsima A former board member of Seplat Energy, Arumah Otei, yesterday, canvassed support for Small and Medium Scale Enterprises, SMEs in Nigeria. Speaking in Abuja at Seplat Energy global entrepreneurship programme, she pointed out that SMEs contribute about 70 percent of gross domestic product of many nations. She said: “Nigerians don’t want handouts.