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Appeal Court vacates interim orders against Seplat
Sopuruchi Onwuka Seplat Energy Plc has declared that the orders of an appellate court reinstating its board chairman and executive officers earlier sacked by a High Court which heard grievances of factions in the company. The ex parte Interim Orders…
America dethrones OPEC at oil export market
ExxonMobil finds substitute to Nigeria’s light sweet crude in Guyana Sopuruchi Onwuka The American continent is projecting strong outlook for oil output in the year, claiming the status of swing producer from non-American members in the multilateral Organization of Petroleum…
The Nigeria Prize for Science nets 100 entries for 2023 cycle
Nigeria LNG Limited (NLNG) has received 100 entries from across the globe for the 2023 iteration of The Nigeria Prize for Science. The $100,000 Prize maintains the heightened level of interest experienced in 2022 when about 107 entries was received….
Drilling firms get court order to pay NCDF levy
Sopuruchi Onwuka The Federal High Court sitting in Yenagoa, Bayelsa State has ordered the drilling firms in the country to comply with regulatory directive requiring them to remit one percent of the value of contracts they executive in the country…
NLNG Prize: Firing African literary renaissance
It is believed that revival of Nigerian literature would not only create new set of commercial values along the full production chain, it would also sharpen the narrative skills of both writers and readers. It would challenge the imagination of…
Shell’s prize in Bonga’s billionth barrel
Sopuruchi Onwuka The best method to convey the value of numbers is to convert them to money. In Nigeria, one billion begins to generate great interest when it looks like N1.0 billion. Greater interest comes with $1.0 billion. and the…
EU builds demand hub against gas price jumps
Sopuruchi Onwuka, with agency reports Countries in the European Union are building a strong demand hub that would not only expand the gas market with multiplicity of smaller companies but also form a stronger bargain platform for securing best price…
Why British court defied diplomatic pressure, jailed Ekweremadu
The law is clear Sopuruchi Onwuka Despite the waves of high profile pleas from diplomats and politician from Africa seeking clemency for convicted Senator Ike Ekweremadu over organ harvesting plot, the Central Criminal Court, Old Bailey, London, yesterday served jail…
Nigeria targets N350 bn from cashew exports in 2023
Earned N176.4 bn in 2022 Sopuruchi Onwuka Nigeria works on plans to double its cashew nuts export in year, projecting the commodity as one of the leading non oil exports in the government’s economic diversification drive. Export data available at…
Industry captains want broader framework for equity investors in energy
Victor Nze Managing Director and Chief Executive Officer of ND Western, Mr Eberechukwu Orji, has made a call for the expansion of the framework guiding capital market operations to accommodate small and micro level investors into the oil and gas…
