Aradel Holdings PLC Affirms Commitment to Host Communities as Part of New Brand Identity Unveil Aradel Holdings, a fully integrated energy group with interests in multiple oil and gas assets, has reaffirmed its commitment to host communities as the company unveiled its new brand identity at a Town Hall event in Port Harcourt. Formerly Niger…
Enbridge to Pay $14 Billion For Three US Natural Gas Utilities Enbridge has struck a deal with Dominion Energy to buy three natural gas utilities from it for a total consideration of $14 billion. The net value of the deal is $9.4 billion but will also involve the assumption of the utilities’ debt. The pipeline…
OPEC Daily Basket Price Stood At 91.44 USD a Barrel Tuesday The price of OPEC basket of 13 crudes stood at $91.44 a barrel on Tuesday, September 5, 2023, compared with $91.27 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of the following: Saharan Blend…
Oil Steady amid OPEC+ Supply Cut Expectations Oil prices were stable on Monday, amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. Brent crude futures for November traded down 3 cents at $88.52 a barrel by 0648…
Commodity Trader Trafigura Sees Upside Risk for Oil Prices Crude oil prices could be vulnerable to the upside as the market is still tight, Ben Luckock, Co-Head of Oil Trading at trading giant Trafigura, said on Monday. “The markets are probably a bit too relaxed,” Luckock said at the Asia Pacific Petroleum Conference (APPEC) by…
Nigeria Demanded Separation of its Crude Oil From Condensate Output 6yrs Ago In a bid to obtain more favourable quota allocations from the Organization of Petroleum Exporting Countries, OPEC, Nigeria had 6 years ago embarked on a campaign to get reporting agencies in Europe and the United States of America to cease reporting its crude…
China Adds 15 Million Tons to 2023 Fuel-Export Quotas in Third Batch China has issued 15 million metric tons of oil products export quotas to companies in its third batch for 2023, according to three trading sources and two domestic consultancies. The volume consists of 12 million tons of refined products quotas, made up of…
Nigeria to Set Up Solid Minerals Corporation to Attract Investment Nigeria plans to set up the Nigerian Solid Minerals Corporation, a state-backed company to help attract investments into the extraction of gold, coal, iron-ore, bitumen, lead, limestone and baryte, a minister said recently. “The proposed corporation will seek and secure partnership investment agreements with big…
TWF 2nd Annual Conference and Exhibition on Materials Manufacturing Technologies-Managing Capacity Africa, will hold from 5-8 Mar, 2024 in Lagos, Nigeria (www.twfassembly2024.org) TWF Annual Assembly and Conferences is Africa’s table of solution to growing productivity in manufacturing that brings together scientists, engineers, industrialists and policy makers to interact, review and discuss adoption, adaptation and…
Ministry of Power Endorses Nigeria Energy Exhibition and Conference To Foster Partnerships between Key Stakeholders in the Energy Industry The Federal Ministry of Power has pledged its support for the 2023 edition of Informa Market’s Nigeria Energy Exhibition and Conference, recognizing it as a platform for critical stakeholders to explore issues in the Energy industry….
