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MPN divestment: Why NNPC shook the table
Sopuruchi Onwuka Inability of the highly anticipated acquisition of Mobil Producing Nigeria (MPN) Unlimited by leading indigenous independent firm, Seplat Energy Plc, to scale initial ministerial assent amplifies the new hard-line position of the Nigerian National Petroleum Company (NNPC) Limited…
Basil Omiyi becomes Seplat’s Chairman
Seplat Energy PLC, a leading Nigerian energy company dual listed on both the Nigerian and the London Stock Exchanges, is pleased to announce that Mr. Basil Omiyi, CON, has been appointed as the Company’s new Independent Non-Executive Chairman, effective immediately….
Court thrashes FG’s amended charges against MNK, allows open trial
Sopuruchi Onwuka Federal High Court in Abuja has agreed that government might be exploiting court processes to extend the detention of leader of the Indigenous Peoples of Biafra (IPOB), Mazi Nnamdi Kanu. It also thrashed new ammeded charges in order…
EU maps out $300 bn roadmap to ditch Russian energy
The European Union’s executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more efficient use of fuels and…
Study says fossil fuel pollution cost 50,000 American lives a year
Eliminating air pollution caused by burning fossil fuels would prevent more than 50,000 premature deaths and provide more than $600 billion in health benefits in the United States every year, according to a new study by University of Wisconsin-Madison researchers….
Musk says Twitter acquisition can’t proceed with spam accounts
Billionaire Elon Musk has said his purchase of Twitter would not go ahead unless he was given assurances on the bots that he says plague the platform, further complicating his acrimonious bid for the social media giant. The chief of…
Ukraine War: Russian gas may permanently cede global market niche
Sopuruchi Onwuka Russia will likely be shut out permanently from global energy markets once Europe can operate without the country’s oil and gas, and Australian gas liquefaction and export industry is taking position to fill gaps in countries switching supplies…
Climate researchers demand 50% fossil energy output shut
Sopuruchi Onwuka New findings by researchers suggest that world governments and institutions should immediately stop nearly 200 new petroleum development projects and divert over $300 billion industry budget towards accelerating energy transition from fossil. The new study, coauthored by Greg…
NCDMB takes capacity building to midstream with a summit
Sopuruchi Onwuka THE Nigerian Content Development and Monitoring Board (NCDMB) has declared intention to open opportunity platforms that would expose the rising potentials for commercial investments in oil and gas processing. Executive Secretary, NCDMB, Engr. Simbi Kesiye Wabote, said the…
Trump thrashes Elon Musk’s Twitter deal; Tesla CEO on $1 bn leash
Sopuruchi Onwuka For the one billion dollar breakup fee tied to the acquisition deal between Elon Musk and Twitter, the transaction would have crumbled. And former President Donald Trump of United States warns that it is still a bad deal…
