Oil & Gas

By Eyo Nsima The average price of Nigeria’s Bonny Light, rose month-on-month, MoM to $82.36 per barrel in January 2023, from $80.69 per barrel in December 2022, indicating an increase of two percent. The Organisation of Petroleum Exporting Countries, OPEC February 2023 Monthly Oil Market Report, MOMR obtained by The Daily, https://thedaily-ng.com also stated that on year-on-year, […]

Nigeria’s first deep-water exploration and production vessel, Bonga, hit a 1-billion-barrel oil export mark on Monday. This milestone is coming three months after a major turnaround maintenance (TAM) of the facility was completed ahead of schedule. Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Elohor Aiboni, described the milestone as a celebration of

…Beaten Foreign Lubricant Products in the market Despite the harsh macro-economic situation of Nigeria, some indigenous organisations are weathering the storm to manufacture brands and products that can compete favorably and be regarded as best in the global market. One of such companies is Lubcon Limited whose premium brand SUPER RESURS international oil has emerged

By Eyo Nsima As Nigeria’s petrol shortage continued to bite, the Independent Petroleum Marketers Association of Nigeria, IPMAN, has ordered marketers to resume lifting from depots nationwide. The Chairman of IPMAN, Alhaji Mohammed Kuluwa, had previously ordered independent marketers to stop lifting petrol for sale at their filling stations, due mainly to unaddressed issues and