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JP Morgan sees oil hitting $125 in 2022
Crude oil could soar to $125 per barrel next year and $150 in 2023 due to OPEC’s limited capacity to boost production, JP Morgan analysts said in a new report. “OPEC+ is not immune to the impacts of underinvestment…. We…
PIA: IOCs plan $60 bn FID on 6 deepwater projects
Sopuruchi Onwuka International oil companies that hold substantial reserves in the Nigerian deepwater basin will ink landmark final investment decisions (FIDs) on six offshore oil and gas developments by next year, ending over 12 years of activity lull in the…
NCDMB disburses $350m from $300m NCI Fund
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has disbursed significant $350 million or N157.5 billion to various oil service and community contractors involved in providing goods and services to the petroleum industry. The disbursed fund amounting to…
Deregulation: Stakeholders demand local refining, energy diversification
Sopuruchi Onwuka Thought leaders in the Nigerian petroleum industry hold strongly that the prevailing debate on the best ways to shape the local fuel market under the new Petroleum Industry Act is to totally domesticate production and liberalize the market….
Drug makers rise to Omicron challenge
Sopuruchi Onwuka Leading pharmaceutical companies in the world which are currently innovating solutions to the ravaging coronavirus pandemic are now facing up to the panic about the latest strain of the virus described by the World health Organization as Omicron….
14 finalists for the 2021 Wole Soyinka Award for Investigative Reporting
The board of judges for the 2021 Wole Soyinka Award for Investigative Reporting has selected 14 finalists, five female reporters and nine male, for the 16th edition of the annual award. Chief Executive Officer of the center, Mrs Motunrayo Alaka,…
Chevron, partners deliver 72 projects for the Itsekiri
Sopuruchi Onwuka The Itsekiri Oil and Gas Producing /Impacted Communities Development Committee (IPCDC), popularly known as IRDC, has completed and commissioned 72 projects worth over one billion Naira. The projects which were executed under the auspices of the Global Memorandum…
Sultan, Fayemi, other Political bigwigs converge on Abuja for Unity Summit
The National Prosperity Movement (NPM), a national sociopolitical group, is organizing a National Unity Summit in Abuja which will provide a platform for illustrious Nigerians from all walks of life and representing diverse interests and groups to have a meaningful…
AITEO enlists Boots & Coots in Santa Barbara well kill
Sopuruchi Onwuka Indigenous petroleum firm, Aiteo Eastern Exploration and Production Company (AEEPCO), has declared intensified oilspill response and wild well control at its operated Santa Barbara oilfield, Bayelsa State. The company declared in a media statement it has enlisted the…
All On in million dollar deal with Salpha Energy Limited
Sopuruchi Onwuka Impact investment company, All On, has said it has entered $1.0 million investment deal with Salpha Energy Nigeria to scale the company’s solar home systems distribution business. All On is funded by oil firm, Shell; and its solar…
