– Industry advocacy groups like OPTS could facilitate push of harmonized set of standards for ESG goals across continent. – To attract investments, Africa should stay ahead of global average on percentage of CAPEX for ESG–compliant projects. Industry stakeholders across the continent gathered in South Africa to commemorate the Africa Oil Week, engaging on initiatives to develop […]
The World Energy Day was created in 2012 by the World Energy Forum and has been celebrated on October 22 each year since then. This celebration has however not been pronounced in Nigeria due to huge several issues associated with the sector. The objectives of the World Energy Day are to raise awareness about energy
By Our Correspondent An offshore support vessel NOR GOLIATH contacted brand new FPSO RUBY at Kakinada Anchorage, India, Bay of Bengal, according to FleetMon. It stated: “The offshore support vessel NOR GOLIATH contacted brand new FPSO RUBY at Kakinada Anchorage, India, Bay of Bengal, causing damages to NOR GOLIATH gangway used to transfer offshore staff,
MARITIME ACCIDENT: Offshore support ship contacted FPSO, both sustained damages Read More »
OIL MARKET: Russia, Saudi Arabia, Iraq emerge as top 3 producers under OPEC+ new arrangement By Eyo Nsima The Organization of Petroleum Exporting Countries, OPEC, and its allies, popularly known as OPEC+, would depend on three – Russia, Saudi Arabia, and Iraq – to meet a greater percentage of global demand. The three nations would
By Eyo Nsima The Nigerian National Petroleum Company, NNPC Limited, has urged consumers to desist from panic buying as adequate stock of petrol exists. In a statement obtained by The Daily, www.thedaily-ng.com, the company, stated: “The current queue situation in some parts of Abuja and its environs is as a result of delays in arrival
FUEL QUEUES: Do not panic, we have adequate stock — NNPC Read More »
By Eyo Nsima Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, says that its energy transition priorities remain to end flaring, monetise gas, displace diesel and biomass with cleaner fuel, extend along the power value chain and target smaller scale, gas-to-power customers. Roger Brown, Seplat Energy CEO said this
Seplat Energy’s transition priorities excite global stakeholders Read More »
By Eyo Nsima The developed and developing world have been urged to adopt gas as a vehicle for achieving the global Energy transition. Speaking at the ongoing Africa Oil Week, in Cape Town, South Africa, Chief Executive Officer, Seplat Energy Plc, Roger Brown, said that investment in Africa’s energy industry would help the developed nations,
Energy transition: Adopt gas as ‘win-win’ alternative — Seplat Read More »
By Eyo Nsima The Nigeria LNG Limited (NLNG) has reacted following the directive by the Senate that it should pay host communities N18.4 billion within two months. In a statement obtained by The Daily, https://thedaily-ng.com, the NLNG, disclosed that it ‘is evaluating the resolution and circumstances surrounding it’. It stated: “The attention of Nigeria LNG
NLNG reacts as Senate directs firm to pay host communities N18.4b compensation Read More »
By Eyo Nsima African oil and gas producing countries, said they would continue to explore and produce natural gas for development, despite the quest for Energy transition, globally. Speaking at the VIP and Ministerial Symposium of this year’s Africa Oil Week, in Cape Town, South Africa, the former Minister of State for Petroleum Resources, Dr.
Energy transition: We’ll continue to explore, produce gas for development Read More »
By Eyo Nsima Nigerian National Petroleum Company Limited, NNPCL, has acquired the assets of OVH Energy Limited, thus becoming the largest downstream investor in Nigeria. Speaking at the unveiling of the new outlets in Abuja, Nigeria’s capital, the Chairman of NNPCL, Senator Margery Okadigbo said the company has moved closer to its target of having
DOWNSTREAM: NNPCL acquires OVH Energy, now largest filling station owner in Nigeria Read More »
