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Pulling Seplat Energy from the precipice
Sopuruchi Onwuka The board crisis that currently rocks Nigeria’s leading indigenous petroleum exploration and production company, Seplat Energy Plc, fits into the caste of Nigerian business partnerships. Perhaps the only difference is that the prevailing board dispute is totally unexpected,…
NCDMB, Navy to collaborate on vessel compliance, security
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Navy on Wednesday agreed to collaborate closely to enforce the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in maritime operations by curbing the use of non–compliant and…
Energy transition: Africa to host 2 bn cars by 2040
Sopuruchi Onwuka Nigeria and other developing economies of the world must brace to host about two billion vehicles that are fired with petroleum fuels as the industrialized nations that currently champion the global movement for energy transition plan total switch…
Nigeria turns an OPEC laggard as oil demand surges above 100 mbd
Sopuruchi Onwuka Nigeria’s crude oil production maintained fluctuating trend in December 2021, shedding 43,000 barrels per day to end the year at 1.338 million barrels per day. According to the Monthly Oil Market Report of the Organization of Petroleum Exporting…
Climate change: Key factors COP26 ignored at Glasgow
By Dr Emmanuel Okoroafor The turnout at the recently concluded climate summit was impressive and loaded with declarations and pledges for net zero emissions. However, whether (and how fast) countries redeem their pledges has nothing to do with what their…
More COVID-19 variants underway as experts downgrade IHU
Sopuruchi Onwuka The world must brace for emergence of more variants of the dreaded SARS-COV-2, the pathogen that causes novel coronavirus disease also known as COVID-19. In separate briefings on the new variants of the virus including the widespread Omicron…
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…
