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TotalEnergies to cut oil production to 20% by 2050
…Committed to a lasting partnership with Nigeria Sopuruchi Onwuka French multinational supermajor, Total, had declared that it is on irreversible course to low carbon energy production, with target to persistently cut its oil and natural gas liquids production to about…
Seplat consolidates asset performance records with new wells, pipeline
Sopuruchi Onwuka Multinational energy independent with operational base in Nigeria, Seplat Energy Plc, is solidifying its reputation on asset performance, adding new production well in first part of the years and working to commission new evacuation pipeline by seconds half….
NNPC to roll out new policy on asset divestments
Sopuruchi Onwuka Federal government will no longer allow its divesting partners to unilaterally select their successors or determine roles in the operations of production agreements for the new investors. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam…
Petroleum industry must adjust to new COVID-19 normal __SPE
Sopuruchi Onwuka Nigerian Council of the Society of Petroleum Engineers (SPE) has charged the petroleum industry to quickly align with the global movement for cleaner, affordable and accessible energy following rising environmental sentiments sparked by the prevailing novel coronavirus disease…
Shell formally trusts its deepwater portfolio in Mrs Aiboni
Sopuruchi Onwuka Royal Dutch Shell has formally eased off the Managing Director of its deepwater business portfolio in Nigeria, Mr Bayo Ojulari, replacing him with already nominated designate, Mrs Elohor Aiboni. The company announced Elohor Aiboni as the Managing Director…
Seplat significantly grows half year earnings, profit
Sopuruchi Onwuka Seplat Energy Plc weekend declared profit before deferred tax (PBT) of $62.1 million for the half year of 2021 scorecard with, posting an increase of 142.7 percent over its performance in 2020. Director of Communications, Dr Chioma Nwachuku,…
‘OPEC+ still positioned for oil market intervention’
Sopuruchi Onwuka The league of world’s key petroleum producers hosted in the Organization of Petroleum Exporting Countries (OPEC) and its non-member allies are still positioned to apply supply modulation mechanisms in protecting vulnerable economies from oil market shocks as the…
Kyari Assures AKK Gas Pipeline Project ‘ll Be Delivered on Schedule, Create Prosperity
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614 nkilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project would be delivered on schedule, create prosperity through massive job opportunities and guarantee peace…
NCDMB, NNPC contend on either sides of cost balance
Sopuruchi Onwuka The two key agencies of government with mandates on value derivation from the petroleum industry are pulling industry players towards different and separate dividend propositions, creating position gaps that pose compliance puzzle for investors. Whereas the Nigerian National…
COVID sparks search for effective malaria vaccine
Sopuruchi Onwuka Riding on a wave of successes in rapid development of vaccines for the dreaded coronavirus disease, a number of global pharmaceutical giants have reactivated processes for research and development in production of vaccines that would also build human…
