Oil & Gas

… Empathise with all users of petroleum products The Major Oil Marketers Association of Nigeria (MOMAN) has debunked claims by the Airline Operators of Nigeria (AON) that the cost of Aviation Turbine Kerosene (ATK), also known as aviation fuel, had risen to about N700 per litre from N190 per litre in some parts of the

ENERGY TRANSITION: IOCs shift to gas as environmentalists, others battle against fossil fuel By Eyo Nsima   The International Oil Companies, IOCs, have started shifting toward gas as environmentalists and others battle against fossil fuel production and consumption, according to African Energy Chamber, AEC.   In its latest report, ‘The State of African Energy 2022’,

By Eyo Nsima The International Oil Companies, IOCs, have started shifting toward gas as environmentalists and others battle against fossil fuel production and consumption, according to African Energy Chamber, AEC. In its latest report, ‘The State of African Energy 2022’, obtained by The Daily (www.thedaily-ng.com), AEC, stated: “The shift away from crude oil is influenced

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

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

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