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Players demand priority for gas investment bankability
Sopuruchi Onwuka Commercial investors and industry captains in the nation’s petroleum industry have demanded government to strengthen policy pillars that guarantee profitability of investments in realizing the country’s key objective of developing the domestic gas market. Delegated and panel debaters…
NUPRC woos investors ahead of licensing round
Players stake $18.2 bn to produce 600kbd Sopuruchi Onwuka Nigerian is pushing determined programmes to aggressively rebuild oil and gas production capacity from an industry that suffered acute investment drought and consequent plunge in production volumes in the past decade….
Sanya by Oyin Olugbile wins Nigeria Prize for Literature, 2025
New Prize category on Creative Arts introduced Sanya by Oyin Olugbile has emerged winner of the 2025 edition of The Nigeria Prize for Literature, clinching one of Africa’s most prestigious literary honour valued at $100,000. The announcement was made on…
NLNG Train7: Shell, Sunlink stake $2bn HI gas field development
Sopuruchi Onwuka Local subsidiary of Shell Plc, the Shell Nigeria Exploration and Production Company Limited (SNEPCo), and its partner, Sunlink Energies and Resources Limited, have committed to drive a new offshore field development project that would help contribute feedstock to…
JPMorgan Chase invests $1.5 Trn in Strategic Sectors
Largest bank in the U.S., JPMorgan Chase, announced that it would invest $1.5 trillion over the next decade in industries related to U.S. national security. The investment, according to the company, will target companies in strategic sectors, including rare earth…
Divestments: Can independents secure Nigeria’s energy future with brown asset?
NAPE calls for seismic data update on Niger Delta Sopuruchi Onwuka Transfer of most onshore petroleum industry operations from the international oil companies to mainly indigenous independent companies puts the fate of the country’s economy in the efficient hands of…
Nigeria pumps 47.43 mbd of oil in September
Output impacted by PENGASSAN-Dangote spar Sopuruchi Onwuka Production of petroleum liquids from Nigeria’s oilfields totalled significant 47.43 million barrels in the month of September, indicating a slight drop from the August volumes. Official production data released by the Nigerian Upstream…
Weak market demand impedes gas penetration initiatives
Sopuruchi Onwuka Upstream producers and downstream distribution players in the domestic gas market are stuck with stagnant growth in the demand end of the chain, causing government’s initiatives on gas penetration to hit a commercial glitch. And without robust infrastructural…
Trump brings home Israeli hostages from Hamas
Sopuruchi Onwuka, with agency reports With vocal demand for release of hostages abducted from Israel during bloody raid by Hamas on October 7, 2003, President Donald Trump of the United States has succeeded at a ceasefire that promises return of…
NUPRC restates commitment to stable operating environment
As Eni posts 20% output growth at Abo Sopuruchi Onwuka Nigeria’s upstream petroleum industry regulator and administrator of oil licenses, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has restated its commitment to providing stable operating environment for commercial players in…
