By Godswill Odiong Hot on the heels of oil majors either exiting or cutting back their activities in West Africa, comes news of other players moving to fill the gap – in the coastal countries of Sierra Leone, The Gambia and Ghana, for instance. In other West African coastal countries – Senegal, Guinea-Bissau, Guinea, Liberia, […]
West African coastal nations move to join region’s oil ‘Big Time’ Read More »
NPDC, Ogoni People pledge cooperation on oil production The leaders of Ogoniland in Rivers State under the auspices of the Ogoni Liberation Initiative have pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and production of oil and gas resources in its territory. The Ogoni leaders made the pledge Tuesday at
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Seplat, Dr. Orjiako win global awards for outstanding indigenous performance Seplat Energy Plc and its Board Chairman, Dr. ABC Orjiako have emerged winners at the Energy & Corporate Africa Leadership Award Night/Dinner held last week at the Hilton Post Oak, Houston, Texas, United States for outstanding indigenous performance. The award was the climax
Seplat, Dr. Orjiako win global awards for outstanding indigenous performance Read More »
.Nigerians should plan to buy shares in future By Eyo Nsima The Group Managing Director, GMD, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, Tuesday, said with the Petroleum Industry Act, PIA, the apex oil company, has become a commercial entity, under the Company and Allied Matters Act, CAMA. He said the company has started operating
BREAKING: NNPC cutting costs, works towards declaring profit Read More »
.PIA will restore confidence, boost investment By Eyo Nsima The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that because of the delay in the passage of the nation’s Petroleum Industry Bill, PIB, into law, only $3 billion worth of investments were attracted into the petroleum industry in the past 10
BREAKING: Less than $3bn foreign investment entered Nigeria’s in 10 years — NNPC Read More »
JUST IN: Bonny Light price surges to $67.25 per barrel By Eyo Nsima The price of Nigeria’s Bonny Light has risen slightly to $67.25 in the global market despite the resurgence of the Coronavirus pandemic in different parts of the world. The price of the crude had dropped to $64 last week as concerns mounted
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Petroleum Industry Act, beginning of new era in Nigeria —PPPRA By Eyo Nsima The Petroleum Products Pricing and Regulatory Agency, has described the passage of the nation’s Petroleum Industry Bill, PIB, as the beginning of a new era in Nigeria. In a statement obtained by The Daily, www.thedaily-ng.com, Executive Secretary, PPPRA, Abdulkadir Saidu, stated: “The PPPRA
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Techno Oil commits to integrity, safety, execution of projects By Eyo Nsima Techno oil, an integrated, wholly indigenous company has expressed commitment to integrity, safety and flawless execution of projects. In a message obtained by The Daily, www.thedaily-ng.com, from its website, the company, stated: “Techno Oil has an unwavering commitment to operations integrity, safety and flawless
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By Eyo Nsima The prices of crude oil, Friday, dropped further to $64.05 in the global market, ‘after the U.S. dollar strengthened on concern that the global economic recovery might slow’. With increased vaccination across the world, economic recovery was expected to be rapid in the coming months. But with the speculated slow recovery, prices
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By Godswill Odiong Policy Alert, a Civil Society Organisation working on economic and ecological justice, has faulted the President’s assent to the Petroleum Industry Act 2021, urging communities to test the provisions of the Act before the courts. President Muhammadu Buhari had on Monday, August 16, 2021 signed the erstwhile Petroleum Industry Bill (PIB) into
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