Oil & Gas

By Eyo Nsima THE prices of crudes, including Nigeria’s Bonny Light, have dropped to an average of $90 per barrel, from $100 per barrel in the global market, due to speculation driven by the negative Chinese data. In its July 2022 economic data, obtained by The Daily, www.thedaily-ng.com, the China Central Bank, harped on the […]

By Eyo Nsima Chevron Nigeria Limited, weekend, restated its commitment to working with stakeholders, including host governments, communities, our employees, and business partners in order to deliver safe, reliable, and efficient energy local and global market. According to the company, this followed its realization that business success is tied to society’s progress. In his message

Nigeria LNG Limited (NLNG) on Thursday in Port Harcourt launched the second phase of Global Memoranda of Understanding (GMoU) for its pipeline host communities to  actively support community-driven sustainable development. The new agreements are with Okrika, Kalabari, Egi, Ogba, Abua and Ekpeye clusters. The implementation of the first phase of the GMoU comprising Ogbum-nu-Abali, Ubeta

By Eyo Nsima Seplat Energy, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, said it has not yet been informed about the withdrawal of Ministerial Consent by President Muhammadu Buhari over Mobil Producing Nigeria Unlimited, MPNU $1.3 billion oil deal. In a statement obtained by The Daily, https://thedaily-ng.com, the company,

Asharami Synergy, a Sahara Group downstream company has received three certifications from the International Organization for Standardization (ISO) in recognition of the company’s commitment to global quality, health, safety and environmental standards. The certifications include the ISO 9001:2015 Quality Management System, ISO 14001:2015 Environmental Management System, and ISO 45001:2018 Occupational Health and Safety Management System.

By Eyo Nsima Finally, President Muhammadu Buhari, has taken side with the regulator of Nigeria’s oil and gas industry, Nigerian Upstream Petroleum Regulatory Commission, NUPRC and the Nigerian National Petroleum Company Limited, over the sale of Mobil Petroleum Nigeria, MPNU assets. Seplat Energy had earlier agreed to acquire the entire share capital of MPNU at

The Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, would at the Annual International Conference of Association of Energy Correspondents of Nigeria (NAEC) on August 25, 2022, lead brainstorming sessions on the future of Nigeri’s hydrocarbon sector

By Eyo Nsima There was confusion over the President Muhammadu Buhari’s letter of Consent to Seplat Energy Offshore Limited, a subsidiary of Seplat Energy for the cash acquisition of the entire share capital of Mobil Producing Nigeria Unlimited, MPNU, from its shareholders, Mobil Development Nigeria Inc, MDNI, and Mobil Exploration Nigeria Inc, MENI, entities of

Nigeria must work to position itself as the energy hub of Africa. This was the assertion by Ado Oseragbaje the CEO of Heritage Energy Operational Services Limited (HEOSL), at the ongoing Nigeria Annual Conference and Exhibition of the Society of Petroleum Engineers in Lagos Nigeria Monday August 1, 2022. During a brief remark at the