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NNPC/Sahara JV boosts LPG fleet with 40,000 CBM Vessel
Sopuruchi Onwuka WAGL Energy Limited, the special purpose entity for an NNPC Ltd. /Sahara Group Joint Venture, on Monday commissioned 40,000 cubic meters (CBM) Liquefied Petroleum Gas (LPG) vessel, christened “MT Iyaloja (Lagos),” in Ulsan, South Korea. According to a…
Rental economy has failed; Africa must develop with oil income __Avuru
The Chairman of AA Holdings Limited, Mr Austin Avuru, is an eminent geologist who has earned immense experience in oilfield operations, high level executive management, high-risk high-return investments, industry leadership, policy advocacy and investment advisory. Mr Avuru is the founding…
Global oil supply now up by 2.5 mbd in 2025 __Rystad
Sopuruchi Onwuka Supply of crude oil in the global petroleum market is on the rise by 370,000 barrels per day (370kbd) significant 2.5 million barrels per day (2.5 mbd) in 2025, stoking the fears of oversupply and pull on prices…
Putin quenches Trump’s fire in the oil market
Sopuruchi Onwuka All the market sentiments and related price movements associated with high stake peace meeting between President Donald Trump of the United States and Russian President Vladimir Putin went cold after the American president came from the meeting without…
More oil coming to market as global 2P reserves hit 1.5 trillion barrels
Global 1P reserves grow by 5Bbbls A total of 1.572 trillion barrels produced in past 124 years Sopuruchi Onwuka The world is not really coming to the end of petroleum consumption as more exploration and production investments achieve significant reserves…
Melania Trump: Bleeding heart of a mother poking at Putin’s conscience
Sopuruchi Onwuka As the world engages in debate over the value of the weekend’s meeting between President Donald Trump of the United States and Russia’s President Vladimir Putin, one significant outcome of the event remains the unofficial letter from First…
Namibia 2025: NCDMB’s technocrats lay local content strategies for Africa
Sopuruchi Onwuka The finest crop of technocrats from the Nigerian Content Development and Monitoring Board (NCDMB) laid veritable strategies that would propel evolution of pan-African local content policy in the petroleum industry. Also accompanying the team from the NCDMB to…
Nigeria now better positioned to attract oil and gas financing _ Tony Attah
As Renaissance wins NAPE 2025 awards Sopuruchi Onwuka Managing Director and Chief Executive Officer of Renaissance Africa Energy Company Limited, Mr. Tony Attah, has stated that Nigerian players in the oil and gas industry are now better positioned, than in…
Wife blows $189k on drugs, leaves disabled husband stranded
A 75-year-old disabled Australian is begging for help to return home after his much younger Thai wife allegedly blew his life savings on meth, leaving him with US$72 and no one to care for him. Marcus, who lost his left…
Passengers in horror as plane plunges 28,000ft in seconds
Terrified passengers texted worried messages to their loved ones as a Virgin Australia flight from Sydney to Brisbane suddenly lost cabin pressure at high altitude and plunged 28,000ft within seconds. Flight VA993 hit crisis just 40 minutes after taking off…
