NLNG set to crash domLPG prices with supply glut
Sopuruchi Onwuka Africa’s largest gas processing company, the Nigerian Liquefied Natural Gas (NLNG) Limited, has determined to take full responsibility in supplying the domestic market with natural gas liquids mainly used as cooking gas. The company also warned the public…
Vandals throw power sector into crisis
Sopuruchi Onwuka Separate vandal attacks on two key gas pipelines have triggered fuel supply crisis across the nations upstream power sector, with operators of major thermal stations drastically cutting electricity generation due to acute gas shortage. Our enquiries showed that…
NIPCO positions for new regulatory environment
Sopuruchi Onwuka The Nigerian Independent Petroleum Company (NIPCO) has declared readiness to align its operations with the emerging regulatory environment as the Petroleum Industry Act (PIA) rolls into effect. The Oracle Today reports that the new law comes with far…
2021: Crude oil ruled commodity markets
Sopuruchi Onwuka Despite the vigorous push by the advanced industrial nations and environmental activists in 2021 to accelerate transition of demand from fossil fuels to greener renewable energy, petroleum commodities maintained strong market resilience in both demand and price. In…
OPEC: Barkindo to bow out as Sec Gen in August
Sopuruchi Onwuka Nigeria’s oil diplomacy maestro, Dr Mohammad Sanusi Barkindo, who has functioned as the Secretary General of the Organization of Petroleum Exporting Countries (OPEC) since 2016, will serve out his tenure this July and yield the position to newly…
