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Wabote emerges Leadership Local Content Champion of the Year
NCI Fund the most performing funding scheme The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has been selected as the recipient of the Leadership Local Content Champion of the Year Award by…
Billionaires’ game: Bill Gates cruises Galaxy Z Fold 4 with Microsoft softwares
Sopuruchi Onwuka, with agency reports After revealing that he used a Samsung Galaxy Z Fold 3 instead of Apple phones last year, Microsoft founder, Bill Gates has updated that he has now upgraded to a Samsung Galaxy Z Fold 4….
CNL restates commitment to Nigeria
Sopuruchi Onwuka American multinational oil firm, Chevron, says it has no immediate intention to exit Nigeria where it holds operating rights on several petroleum assets in onshore, swamp, shallow water deepwater locations in the Niger Delta. Spokesman of the company,…
Fuel scarcity: NMDRA holds consultation with DAPPMAN members
Sopuruchi Onwuka The Nigerian Midstream and Downstream Regulatory Authority (NMDRA) has entered consultation with key investment groups in the Nigerian petroleum products market to explore resolution to the lingering supply impasse. Yesterday, the agency of petroleum ministry held a private…
Bill Gates to sell almost all his assets to fund philanthropies
Microsoft founder Bill Gates said he will donate a vast amount of his fortune to his philanthropic endeavors including much of the farmland he currently owns. Gates is currently the seventh richest man in the world with a net worth…
Saudi Aramco leads world’s natural resource giants into 2023
Sopuruchi Onwuka With market capitalization of some $1.8 trillion, the national oil company of Saudi Arabia, Aramco, stands as the world’s biggest natural resource company in the world. The company which sits on estimated reserves base of 270 billion barrels…
Bandits, jihadist plunge Nigerian into global Emergency Watchlist
Sopuruchi Onwuka Global concerns are rising over Nigeria’s increasing vulnerability to roaming jihadists and armed bandits pouring down from the Sahel region where they have helped wreck the economies of the Central African countries, leaving their governments with weak military…
Completely decarbonizing jet fuel?
Arizona State University research shows a pathway toward full decarbonization of U.S. aviation fuel use by substituting conventional jet fuel with sustainably produced biofuels. The study found that planting the grass miscanthus on 23.2 million hectares of existing marginal agricultural…
EIA revises down Brent price forecast for 2023
In its December issue Short-Term Energy Outlook, the US Energy Information Administration forecasts global oil inventories to fall by 200,000 b/d in first-half 2023 before rising by almost 700,000 b/d in second-half 2023. This forecast leaves global oil inventories higher…
WoodMac projects 17mboe from deepwater by 2030
Production to plateau in countries with low exploration investment Sopuruchi Onwuka An updated report by industry investment advisory firm, Wood Mackenzie, estimates that global deepwater petroleum production assets would pump up to 17 million barrels of oil equivalents per day…
