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Ekpo restates NCDMB’s programs that strengthen Nigeria’s energy sector
Sopuruchi Onwuka Minister of State for Petroleum Resources (Gas), Hon Ekperikpe Ekpo, has pledged full support for initiatives of the Nigerian Content Development and Monitoring Board (NCDMB), saying they push Nigeria toward a resilient, inclusive, and competitive energy industry. Speaking…
Chevron enters race for new Nigerian petroleum licenses
NUPRC portal goes live with 50 oilfields on offer Sopuruchi Onwuka American multinational energy company, Chevron, has declared intention to compete for new oil blocks in Nigeria as the nation’s acreage administrator, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), continues…
Million barrels mandate: Verheijen demands streamlined project economics, delivery speed
Sopuruchi Onwuka Special Adviser to the President on Energy, Mrs. Olu Arowolo Verheijen, has called for deeper collaboration, data driven regulation and faster project execution to sustain Nigeria’s momentum in upstream investments towards realization of rapid oil and gas production…
WIEN celebrates members’ OGTAN Awards
Ziggy Ojiegbe The Women in Energy Network (WIEN) has extended warm congratulations to three distinguished members who were recognized for excellence at the OGTAN Lagos Zone Annual Dinner and Awards. President of WIEN, Mrs. Eyono Fatai-Williams, declared in her congratulatory…
NCSP and PICTT sign pact for technology transfer, industrial development
Sopuruchi Onwuka The Nigeria–China Strategic Partnership (NCSP) and the Presidential Implementation Committee on Technology Transfer (PICTT) have signed a Memorandum of Understanding to advance cooperation in technology transfer, industrial development and strategic investment facilitation. The ceremony brought together the NCSP…
Digital initiatives can save petroleum industry over $320 bn _Rystad
Sopuruchi Onwuka Digital innovation is becoming a defining force for the oilfield services (OFS) sector as it adjusts to shifting market realities. According to a new analysis from global energy advisory firm Rystad Energy, the next five years could bring…
Cross River APC Crisis: NWC intervenes in chairman’s impeachment saga
Ani Bassey The National Working Committee (NWC) of the All Progressives Congress (APC) has stepped in to restore order in the Cross River State chapter. This follows mounting tensions over the alleged removal of the State Chairman, Barrister Alphonsus Ogar…
AltBank takes non-interest banking solutions to Delta State
Sopuruchi Onwuka The Alternative Bank (AltBank), Nigeria’s non-interest bank, has opened its flagship branch in Effurun, Delta State in a plan to reshape how people across the Edo and Delta region experience banking. The bank stated in a media release…
UK, Nigeria launch joint reforms for economic stability and growth
Sopuruchi Onwuka The British High Commission in Abuja has launched two major economic reform programs, the Nigeria Economic Stability and Transformation program and the Nigeria Public Finance Facility to propel stable growth in the country. The initiatives, according to the…
NCDMB launches $100m equity funds, weeds out dubious players
* Begins activation of industrial parks * Nigerian Content level hits 61% Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared increased linkage between the huge budget upstream petroleum industry and the domestic economy, saying over 61…
