By Eyo Nsima Oil prices have risen to $115 per barrel as speculation spreads that further supply disruptions are imminent in the volatile market. For instance, the price of Nigeria’s Bonny Light, rose to $115.1 per barrel, from $108 per barrel, recorded on Thursday, this week. A close market watcher said, “The oil market is […]
BREAKING: Oil prices leap further to $115 per barrel on supply disruptions Read More »
OIL MARKET: Brent, other Crudes prices rise over $108 per barrel as European Commission bans Russian oil By Eyo Nsima The prices of Brent and other crudes have risen over $108 per barrel as the European Commission, EC, officially proposed a full ban on Russian crude and oil product imports by the end of 2022.
By Eyo Nsima The price of Nigeria’s Bonny Light, has risen to $109.6, from $106 per barrel, in the international market. The current market situation is mainly fueled by the Ukraine war, which has disrupted supply, thus bringing about instability. .Details coming later
OIL MARKET: Bonny Light price rises to $109.6 per barrel Read More »
By Eyo Nsima African Energy Chamber, AEC, has predicted a deficit in 2024, despite Nigeria’s LNG Train 7 and other new projects. In its new report, tagged: ‘The State of African Energy 2022’ obtained by The Daily, www.thedaily-ng.com, AEC, stated: “For the next two years, there is sufficient LNG supply to satisfy the demand, as
TotalEnergies begins production from giant Mero field An International energy company, TotalEnergies, has started production from the first development phase of the giant Mero field in the Libra block, more than 150 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin. In a statement obtained by The
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COVID 19 crippled oil prices, investment in Nigeria, Africa .Harps on energy transition as OTC opens in Houston By Eyo Nsima The Petroleum Technology Association of Nigeria (PETAN), has narrated how the dreaded COVID-19 pandemic crippled oil prices, investment and businesses in Nigeria. In his opening remarks at the ongoing Offshore Technology Conference, OTC, in
BREAKING: How COVID 19 crippled oil prices, investment in Nigeria, Africa— PETAN Read More »
World Malaria Day is celebrated annually on the 25th day of April. It is an occasion to highlight the need for continued investment in malaria prevention and control programmes. Malaria has become a major source of concern in our society, and defeating this common enemy requires concerted efforts through investments and innovation. This year’s theme:
World Malaria Day: How Chevron Nigeria Limited supports the fight against malaria Read More »
LOCAL CONTENT: $40m NCDMB/NEXIM Bank Fund for Women in Oil & Gas – Wabote By Eyo Nsima The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, women in oil and gas will benefit from the $40 million fund created specifically for them under the Nigerian Content Intervention Fund (NCI Fund).
LOCAL CONTENT: $40m NCDMB/NEXIM Bank Fund for Women in Oil & Gas – Wabote Read More »
ABAEZI FOREST EXPLOSION: Spaces for Change condoles with families, calls for serious investigation By Eyo Nsima SPACES FOR CHANGE | S4C, a non-profit organization working to infuse human rights into social and economic governance processes in Nigeria, has condoled with the families, whose members died in the recent Abaezi forest explosion. The organisation, which attributed
By Eyo Nsima Plans have been been concluded to hold the Nigeria National Showcase planning meeting for Africa Oil Week is in Lagos, Nigeria, on May 24, 2022. According to the organisers, “The Africa Oil Week Summit is the largest oil and gas in Africa, run with the support of the Africa Union, Under the
Nigeria National Showcase planning meeting for Africa Oil Week holds in Lagos soon Read More »
