Skip to content
OPEC+ stokes oversupply fears with 137,000 new barrels
Sopuruchi Onwuka Members of the Organization of Petroleum Exporting Countries and nonmember allies (OPEC+)are billed to pump in significant 137,000 barrels per day of new supply into the increasingly bearish oil market, heightening concerns that possible supply surge would dilute…
Renaissance, Navy strike collaboration to safeguard oil assets
Sopuruchi Onwuka Renaissance Africa Energy Company (RAEC) Limited says it is in partnership with the Nigerian Navy to strengthen maritime security and support improved crude oil and gas production across the company’s operational assets in the Niger Delta. The two…
NLNG deploys AI for enhanced safety, business performance
Sopuruchi Onwuka Africa’s leading natural gas exporting company, the Nigeria Liquefied Natural Gas (NLNG) Limited, has declared adoption of artificial intelligence (AI) in its operations as critical lever in delivering on the mandate of efficient and sustainable energysupply. Deputy Managing…
Clean cooking: Smart Energies shops gas subsidy partners
Sopuruchi Onwuka Indigenous gas company driving penetration of clean cooking fuel in the country, Smart Energies, is calling for enhanced collaboration with advocates, agencies and corporate institutions in making liquefied petroleum gas (LPG) affordable to poor homes in the country….
UK launches £19m climate-resilient health and education facilities
Sopuruchi Onwuka The government of the United Kingdom has announced a £19 million funding commitment to Climate Resilient Infrastructure for Basic Services (CRIBS) initiative in Nigeria. The fund would assist the existing partnership among the Brisitish Government, Federal Ministry of…
Kachikwu canvasses $1bn pan-industry NCI Fund
Recommends timeline for field development projects Sopuruchi Onwuka Former Minister of State for Petroleum Resources, Prof. Emmanuel Ibe Kachikwu, has canvassed that the $450 million Nigerian Content Intervention Fund (NCI Fund) be increased to $1.0 billion, to cover the funding…
African local content policies must complement, not negate ACFTA vision
Nigerian oil independents are technically capable, but poorly funded Dr. Emmanuel Okoroafor, erudite and practiced, sits on the board of one of Nigeria’s fasted growing integrated energy companies, Hobark International Limited, as Executive Director. With over 30 years of vast…
Kyoto varsity announces breakthrough in cancer treatment
A team of researchers at Kyoto University announced it successfully removed cancer cells and immune cells responsible for autoimmune disorders, using a newly developed protein designed to “eat” unnecessary body cells in mice experiments. The findings by the team, led…
Rising LNG demand forecast comes with oversupply risks _Woodmac
Sopuruchi Onwuka Global demand for cleaner energy and the recognition of natural gas as clean fossil fuel continue to present strong commercial incentives for greater investments in gas liquefaction; but experts point at looming danger of oversupply and consequent pull…
Dangote wants Africa to displace raw materials export with manufacturing
Marks Special Day at ongoing Intra-African Trade Fair in Algiers President of Dangote Industries Limited, Aliko Dangote, has called on Africans to adopt industrialisation, develop robust regional value chains and deepen intra-African trade to boost overall development across the continent….
