DPR generates N2.24trn in 8 months, targets N5trn in December By Eyo Nsima The Director of the Department of Petroleum Resources, DPR, Engr. Sarki Auwalu has disclosed that the department has generated 70 per cent of its N3.2 trillion (N2.24trn) revenue in the first eight months of 2021. Auwalu who made the disclosure during a […]
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DPR generates N2.24trn in 8 months, targets N5trn in December By Eyo Nsima The Director of the Department of Petroleum Resources, DPR, Engr. Sarki Auwalu has disclosed that the department has generated 70 per cent of its N3.2 trillion (N2.24trn) revenue in the first eight months of 2021. Auwalu who made the disclosure during a
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By Miguel Artacho Although The Gambia is actively exploring offshore areas to tap into hydrocarbons potential and aims to position itself as one of the new oil producing countries in the MSGBC Basin; by no means is fossil fuel development the only area in which the Gambian authorities are looking to boost the dynamism of
The Gambia launches ambitious renewable energy projects Read More »
Africa Capitalworks stakes equity investment in Dorman Long By Eyo Nsima Africa Capitalworks, ACW, a Sub-Saharan Africa-focused private equity company, Wednesday, made a significant equity investment in Dorman Long Engineering Limited, DLE. DLE, an indigenous company, which provides high value engineering services, fabrication, asset management and galvanising services to a range of high quality international
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By Eyo Nsima The price of nation’s Bonny Light and others have risen to over $72 per barrel in the international market folowing the laatest report of the over the International Energy Agency, IEA. According to the report, there would be a strong rebound in global oil demand from October, 2021, especially because of a
OIL MARKET: Bonny Light, other crudes prices hit over $72 per barrel Read More »
The Department of Petroleum Resources (DPR) has reopened eight petroleum tank farms shutdown by the Lagos State Physical Planning Permit Authority (LASPPPA) in Ijegun-Egba, Satellite Town, Lagos. Mr Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos Zone, who directed the reopening of the depots said the agency lacked the constitutional power to shut them down because
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Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) Administrator César Paxe officially announced the Agency´s efforts to increase oil and gas exploration at AOG 2021; A new permanent offer program will allow ANPG to negotiate the exploration of available petroleum-based resources throughout the year without the need for a tender announcement; The announcement was made
The leadership transition period at Nigeria LNG Limited (NLNG) ended at the weekend in Port Harcourt with the former Managing Director/Chief Executive Officer, Engr. Tony Attah handing over the symbolic Key to NLNG to his successor, Dr. Philip Mshelbila. At a Farewell and Welcome Ceremony held in honour of the executives, the NLNG Key changed
Attah hands over NLNG Key to Mshelbila Read More »
SHELL trains 40 Imo youths for Assah North-Ohaji South Gas Project A leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC) has commenced a one-year professional and vocational training for 40 youths from the SPDC Joint Venture host communities of the Assa North and Ohaji South gas project in Imo State.
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By Eyo Nsima The President, Ijaw National Congress, INC, Prof. Benjamin Okaba, Saturday, called for the urgent inauguration of the board of the Niger Delta Commission, NDDC. In a statement obtained by The Daily, www.thedaily-ng.com, he said: “Any further delay in the inauguration of the NDDC board is a clear betrayal of trust and display
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