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Capital Goes Where Value Is Clear: Bayo Ojulari’s Bold One-Year Transformation of NNPC
[Kunle Odusola-Stevenson] One year after his appointment on April 2, 2025, Bashir Bayo Ojulari has recast the trajectory of NNPC Limited with a blend of commercial discipline, institutional integrity, and global strategic clarity. At a time when energy markets are…
ExxonMobil engages NUPRC on over $25bn deepwater development plans
Sopuruchi Onwuka ExxonMobil, the world’s largest publicly traded oil company by market capitalization, has unveiled plans to invest more than $25 billion in a series of deepwater oil developments and enhanced recovery projects in Nigeria. The company’s Senior Vice President…
When economic correction becomes social exposure
[By Sola Adebawo] Some reforms do not fail because they are economically unsound. They fail because they arrive faster than society can carry them. In policy circles, adjustment is often described as necessary correction. But outside those circles, what citizens…
Oil prices rise after attacks hit Saudi energy infrastructure
Ziggy Ojiegbe Global oil prices climbed after attacks on Saudi Arabia’s energy infrastructure disrupted production and transport capacity, raising fresh concerns about supply in already tight markets. International benchmark Brent crude settled at $95.92 per barrel on Thursday, before jumping…
Seplat JV advocates sustainability with more STEAM laboratories in Edo schools
The NNPC Exploration and Production Limited (NEPL)/Seplat Energy Joint Venture has commissioned two Science, Technology, Engineering, Arts and Mathematics (STEAM) laboratories built at the Ogbe and Uselu Secondary Schools in Oredo and Ikpoba Okha Local Government Areas of Edo State…
IEA demands lasting Iran war deal to stabilize oil market
Head of the International Energy Agency (IEA), Fatih Birol, has warned that a lasting agreement between the United States and Iran is essential to stabilize global energy supplies, as uncertainty lingers despite a temporary ceasefire. He said the recently announced…
Iran tightens grip on Hormuz, threatens vessels amid ceasefire
Tensions in the Gulf have escalated sharply as Iran moves to tighten control over the Strait of Hormuz, raising fresh concerns about global energy supplies despite a fragile ceasefire with the United States. Reports from semi-official Iranian outlets, including Islamic…
How “Ghost Murmur” technology aided US rescue mission in Iran
The United States used a previously undisclosed technology known as “Ghost Murmur” to help locate and rescue a downed airman during a high-risk operation inside Iran. According to reports, the Central Intelligence Agency deployed the system for the first time…
Local Content Funding: Players must show institutional readiness __Tony Attah
Sopuruchi Onwuka Players in the upstream petroleum industry who seek initial funding must advance propositions that demonstrate institutional readiness and commercial bankability in order to secure immediate cash, short-term equity investments and long-term capital support from the stock market. Managing…
Eni discovers 2 Tcf gas field in Egypt’s Mediterranean maters
Eni S.p.A. has announced a significant gas and condensate discovery offshore Egypt, reinforcing the Eastern Mediterranean’s position as a growing energy hub. The discovery was made at the Denise W-1 exploration well, located within the Temsah Concession about 70 kilometres…
