OPEC Daily Basket Price Stood At $96.87 a Barrel Friday The price of OPEC basket of 13 crudes stood at $96.87 a barrel on Friday, September 15, 2023 compared with $95.7 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of the following: Saharan Blend (Algeria),…
TotalEnergies Mobilized to Support the People of Libya Following the devastating floods in Libya last week, TotalEnergies answered Libya’s National Oil Corporation’s call for support from the very first hours of the tragedy. The Company mobilized land and air logistical resources to provide emergency aid for the thousands of people affected by the disaster in…
Seplat Energy CEO gets Businessday’s Recognition for Excellence, Exceptional Leadership The Chief Executive Officer of Seplat Energy Plc, Mr. Roger Brown, has been recognised for excellence and exceptional leadership in business by Nigeria’s foremost business news media, BusinessDay Media Limited in collaboration with the Nigerian Exchange Limited (NGX). Th recognition was announced at the BusinessDay…
IE Spends about 250m to Replace Faulty 15MVA Power Transformer to Boost Power Supply to Ikorodu Communities Nigeria’s leading Electricity Distribution Company, Ikeja Electric Plc (IE) in its efforts to strengthen critical infrastructure to ensure improved service to its esteemed customers in the Ikorodu axis of Lagos State recently replaced the faulty 15MVA power transformer…
Unremitted Revenue Rises to $9.85bn, NEITI Latest Oil And Gas Report Reveals The total unremitted revenues to the Federation by some relevant government agencies and companies in the oil and gas sector in the year 2021 have risen to over $9.85bn. The figure and other vital pieces of information and data about Nigeria’s petroleum sector…
Air strikes destroy over 30 illegal refineries in Rivers Air strikes from the air component of Operation Delta Safe have destroyed no fewer than 30 active illegal oil refining sites in Cawthorne Channel and Bille, in the Degema Local Government Area of Rivers State. Also, storage tanks, reservoirs, and Cotonou boats suspected to be siphoning…
Asharami Synergy Kenya Commends Youth Participation in Energy Transition Asharami Synergy Kenya (a Sahara downstream company) has applauded the involvement of youths in the critical discourse on energy transition and sustainability, following the recently concluded Africa Climate Summit 2023 in Kenya. The summit ended on a hopeful note, with President Willaim Ruto of Kenya declaring…
Brazil Could Drill For Oil in Environmentally Sensitive Offshore Area Brazil could launch oil exploration in an environmentally sensitive deepwater basin if state oil giant Petrobras has a “cautious” approach to drilling in the area, according to Brazilian Finance Minister Fernando Haddad. The so-called Equatorial Margin offshore Brazil including the Foz do Amazonas, Pará-Maranhão, and…
Cutting Out Fossil Fuels Will Lead to “Energy Chaos” – OPEC OPEC’s top official warned against abandoning fossil fuels, hitting back once again at remarks from the world’s energy watchdog. Cutting out fossil fuels “would lead to energy chaos on a potentially unprecedented scale, with dire consequences for economies and billions of people across the…
Germany Likely To Pass 50% Mark for Renewable Power This Year Germany is likely to generate more than 50% of its power from renewable energy this year but needs to ramp up the speed of its transition towards the end of the decade, Economy Minister Robert Habeck said on Monday. With demand for electricity on…