By Eyo Nsima The global oil demand is set to rise by 5.96 million barrels per day, mb/d in the remaining part of 2021, according to the Organisation of Petroleum Exporting Countries, OPEC. In its October Oil Report, obtained by The Daily, www.thedaily-ng.com, OPEC, stated: “World oil demand is estimated to increase by 5.8 mb/d […]
OIL MARKET: Global demand to rise by 5.8 mb/d Read More »
By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil rig count, a major index of measuring activities in the upstream sector at 11 in September 2021. It its just-released October Monthly Oil Market Report, MOMR, OPEC maintained that the nation’s rig count was also 11 in the previous month of
OPEC puts Nigeria’s rig count at 11 Read More »
By Mohammad Sanusi Barkindo It is a great pleasure to welcome you all to this first-ever Technical Workshop with Energy Companies, which is being held today as a videoconference. We are pleased to welcome national oil company representatives from both OPEC Member Countries, as well as non-OPEC countries participating in the Charter of Cooperation, in
OIL MARKET: IOCs and the NOCs cooperation needed to achieve stability Read More »
Germany’s efforts to import LNG for diversifying its energy supply have suffered another setback, according to FleetMon. It stated: “After the Wilhelmshaven LNG terminal was canceled in April, now the planned LNG terminal in Rostock has been canceled by Novatek and Fluxys, citing the current market conditions,. “Laurent Remy, Fluxys spokesperson said that despite getting
Novatek’s planned LNG terminal in port of Rostock stopped Read More »
By Matthew Goosen Following the discovery of a large deposit of natural gas offshore Mauritania in the Tortue natural gas field in 2014 by U.S. deepwater exploration and production company Kosmos Energy, interest in the region’s oil and gas prospects has exploded, placing the Saharan country in the early stages of a hydrocarbon boom. Kosmos’
Exploration and Investment Opportunities in Mauritania’s Petroleum Industry Read More »
The Nigerian Content Development and Monitoring Board (NCDMB) on Friday handed over ultra-modern Woodwork and Carpentry workshops it renovated and upgraded at the Government Technical College, (GTC) Abak, Akwa Ibom State. The commissioning of the facility was performed by the Governor of Akwa Ibom State, Mr. Udom Gabriel Emmanuel, represented by the Secretary to the
NCDMB Hands Over Ultramodern Technical Workshops in A/Ibom State Read More »
Entitled A New Energy Path to Viability for African Utilities, the paper unpacks the broader macroeconomic trends that are shaping the transition Africa currently sits on the cusp of a transition into a new energy paradigm, one in which technological and commercial innovations are delivering increasingly decentralised power to the people of the continent in
Energy transition-a new path to power in Africa Read More »
NNPC Calls on Petroleum Tanker Drivers Not to Embark on Strike The Nigeria National Petroleum Corporation calls on Petroleum Tanker Drivers too, in the interest and welfare of the Nigerian people call off its planned strike action. The strike is about the condition of roads in various parts of Nigeria which are used for the
NNPC Calls on Petroleum Tanker Drivers Not to embark on Strike Read More »
By Godswill Odiong Nigeria’s Minister of state for Petroleum Resouces, Timipre Sylva, has stated that the birth of Petroleum Industry Act would play a significant role in pushing the country’s energy transition. He disclosed this at the Seplat Energy Summit 2021 with the theme “Global Trends in Energy Transition and the Africa Perspective”. He said:
PIA will drive Nigeria’s Energy Transition – Sylva Read More »
Chevron boss, others visit Governor of Lagos State By Eyo Nsima The Chairman/Managing Director, Chevron Nigeria Mid Africa Business Unit, Mr. Rick Kennedy and other members of the company’s leadership, Tuesday, paid a courtesy visit to the Governor of Lagos State, Babajide Sanwo-Olu at Lagos House Marina. Chevron is one of the largest oil producers
Chevron boss, others visit Governor of Lagos State Read More »
