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Tinubu commends increased crude production to 1.61 mbpd
Says output surge buoyed by reforms President Bola Ahmed Tinubu on Sunday declared resurgence in the oil and gas industry activities, commending the increased crude production to 1.6 million barrels per day. The president, who said this in a national…
US, UK prepare as Middle East prepares for Iran-Israel showdown
Citizens asked to leave Lebanon on ‘any ticket’ The United States has sent warships and fighter jets to the Middle East and advised Americans to leave Lebanon on “any ticket available” amid fears of fresh conflict. As fears grew that…
Energy women seek opportunity in 3.3 m new energy job
* Africa’s green economy needs annual $100 bn investments Sopuruchi Onwuka Some 3.3 million new direct jobs will be created with investments in renewable energy and a green transition in Africa by 2030; and women will require a level and…
Bad governance: How Tinubu put the wrong foot forward
Sopuruchi Onwuka After arriving to power under the country’s most controversial electoral processes that earned international indignation, President Bola Ahmed Tinubu has been relentless in churning out economic policies and programmes that have so far failed to impress…
Too hot to handle: TotalEnergies quits South African offshore blocks
Sopuruchi Onwuka French multinational major which celebrated rare hydrocarbon discoveries offshore South Africa is now counting losses after the terrains proved too hostile for safe and profitable commercial operations. TotalEnergies had entered into Block 11B/12B in 2013 and made two…
Bad governance protest shuts businesses, gets bloody
Sopuruchi Onwuka, with secondary reports Many people died and major cities in Nigeria recorded business lockdown on Thursday as citizens marched across the country in a coordinated protest against bad governance and worsening poverty. At least six protesters have been…
Indian husband chains starving American woman to tree miles from home
An American woman who went to India a decade ago to study yoga and meditation has claimed she survived without food and water for 40 days after being shackled to a tree by her former husband. U.S. citizen Lalita Kayi…
Delta, United airlines cancel flights to Israel as M.East set to explode
United Airlines is suspending its daily flights to Israel, beginning with the Wednesday night flight from Newark to Tel Aviv, as tensions in the Middle East escalate. “Beginning with this evening’s flight from Newark Liberty to Tel Aviv, we are…
From volumes to sweet grades, Nigeria cedes market to US
Sopuruchi Onwuka The United States of America, once the key destination of Nigeria’s light sweet crude oil prized in the market for high yield of transportation fuels, is now the nemesis of mainly West African producers of the same grade…
World’s oil reserves remain at 1.5 trn barrels __Rystad
Sopuruchi Onwuka, with agency reports Recoverable hydrocarbon liquids reserves that would continue to fire engines for transportation and industry remain at 1.5 trillion barrels, according to latest research published by Rystad Energy. The figure is some 52 billion barrels lower…
