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OPEC+ producers to keep output steady in March
Sopuruchi Onwuka, with agency reports The Organization of Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, will keep crude oil production unchanged in March. The decision was reached on Sunday at a meeting of key OPEC+ members,…
Chevron to continue Yoyo-Yolanda development after boundary resolution
Sopuruchi Onwuka American multinational oil major, Chevron, has declared commitment to development of the offshore Yoyo-Yolanda field located in joint maritime territory between Cameroon and Equatorial Guinea. Chevron’s business managers in Nigeria and Mid-Africa Region stated Tuesday that the company…
Nigeria delivers as Africa Energy Bank moves closer to launch
Sopuruchi Onwuka The Federal Government has said it has met all its obligations toward the establishment of the Africa Energy Bank (AEB), following the provision of a fully furnished headquarters in Abuja to enable the bank’s immediate take-off. The Minister…
IPPG urges Africa to shift from resource export to utilization
Sopuruchi Onwuka Independent crude oil and natural gas producing companies in Nigeria have called on African governments to urgently move away from inherited, export-focused petroleum models and instead design energy systems rooted in economic growth, industrial development, and national resilience….
PCTS calls for pan-industry collaboration on performance-based local content
Sopuruchi Onwuka International oil service contractors operating in Nigeria have called for stronger pan-industry collaboration to unlock full local capacity, improve efficiency, deepen technology transfer, and ensure consistent utilization of in-country investments across the petroleum sector. Chairman of the Petroleum…
FG projects gas as immediate pathway to Industrialization
Sopuruchi Onwuka The Federal Government has said the ongoing Decade of Gas program holds strong potential to transform Nigeria’s economy into a major industrial hub driven by local capacity, fuel diversification, and modern production technology. The Minister of State for…
PETAN companies invested N225 bn in asset capacity in 2025
Sopuruchi Onwuka Indigenous oilfield services contractors in the upstream petroleum industry have in the in 2025 collectively invested significant $10 million or N225 billion inbuilding capacity for fast and efficient execution of industry jobs. Chairman of the contractors known as…
NCDMB says only local industrial performance drives economic growth
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared significant milestones in strengthening the capacity, competence, and global competitiveness of Nigerian companies, reinforcing local content as a catalyst for industrialization and economic development. Executive Secretary, Engr. Felix…
Slow regulatory approvals threaten oil output targets __ PETAN
NCDMB proves exception with rapid response Sopuruchi Onwuka Industry players in Nigeria’s upstream petroleum sector have warned that slow regulatory approvals and prolonged contracting cycles are undermining efforts to ramp up crude oil production by over one million barrels per…
UN demands government’s response to Nigeria’s worsening humanitarian crisis
Sopuruchi Onwuka United Nation’s humanitarian office in Nigeria has stated that the current security crisis in the country is rapidly transcending regional and religious lines while spreading deadly conflicts across neighboring communities. The UN is now urging Nigerian federal and…
