Global rig count rises 3.4% to 1,884 — OPEC By Eyo Nsima Despite the clamour for Energy transition, there are indications that the oil and gas industry still attracts significant investment globally as the rig count, an index of measuring upstream activities, rose by 3.4 per cent, year-on-year, YoY basis to 1,884 in June 2023, […]
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OIL MARKET: OPEC committed to achieving global market stability — H.E. Antonio Oburu Ondo By Eyo Nsima The Minister of Mines and Hydrocarbons of Equatorial Guinea and President of the Organisation of Petroleum Exporting Countries, OPEC, H.E. Antonio Oburu Ondo, has expressed the commitment of OPEC to achieving market stability. Ondo noted that the market
OPEC’s rig count rises 14.9% to 423 as Non-OPEC leaps to 1,461 — Report By Eyo Nsima The rig count of members of the Organisation of Petroleum Exporting Countries, OPEC, rose year-on-year, YoY by 14.9 per cent to 423 in June 2023, from 368 in the corresponding period of 2022. But on a month-on-month, MoM
OPEC’s rig count rises 14.9% to 423 as Non-OPEC leaps to 1,461 — Report Read More »
Global energy demand will rise by 23% between now and 2045 — OPEC By Eyo Nsima The Secretary General, Organisation of Petroleum Exporting Countries, OPEC, HE Haitham Al Ghais, said the global energy demand will rise by 23 per cent between now and 2045. Speaking at the G20 Energy Ministerial Meeting, on 22 July 2023,
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Nigeria’s rig count rises 27.3% to 14 — OPEC By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has disclosed that Nigeria’s rig count rose, year-on-year, YoY, by 27.3 per cent to 14 in June 2023, from 11 in June 2022. It also maintained that on month-on-month, MoM, the country’s rig count rose by
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By Eyo Nsima The Energy and Oil ministers of different countries have started their meeting as the 8th OPEC International Seminar begins in Vienna, Austria. In a statement obtained by The Daily, www.thedaily-ng.com, OPEC, stated: “Today, OPEC Energy and Oil ministers attending the 8th OPEC International Seminar in Vienna met on the sidelines of the
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OPEC, WAM sign deal on 8th OPEC International Seminar in Vienna By Eyo Nsima The Organisation of the Petroleum Exporting Countries (OPEC) and Emirates News Agency (WAM) have signed an agreement under which WAM will be a media partner for the 8th OPEC International Seminar to be hosted at the Imperial Hofburg Palace in Vienna,
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JUST IN: Oil price hits $77.16 per barrel as OPEC+ meets in Vienna By Eyo Nsima The price of Brent has risen to $77.16 per barrel, from $75 per barrel in the international market as the Organisation of Petroleum Exporting Countries and its allies, popularly known as OPEC+ meet in Vienna, Austria. The prices of
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BREAKING: OPEC cuts Nigeria’s oil production by 20.7% to 1. 38 mb/d By Eyo Nsima THE Organisation of Petroleum Exporting Countries and its allies, popularly known as OPEC+ has cut Nigeria’s oil production, excluding condensate by 20.7 per cent to 1.38 million barrels per day, mb/d, from 1.74 mb/d. The decision targeted at achieving stability
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BREAKING: JMMC, 35th OPEC and non-OPEC Ministerial Meeting begin soon — Secretariat By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC has disclosed that the 49th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 35th OPEC and non-OPEC Ministerial Meeting will soon commence. In an update obtained by The Daily, www.thedaily-ng.com, OPEC, stated:
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