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Wabote charges African producers to finance projects with oil windfall
Sopuruchi Onwuka African petroleum producers have the opportunity under the prevailing oil price strength to forge contributory funding schemes that would pool financing for new oil and gas development projects in the continent. Nigerian Content Development and Monitoring Board (NCDMB)…
War in Ukraine: Putin sinks into global indignation
Sopuruchi Onwuka Global political and diplomatic anger is piling against Russian President, Vladimir Putin, in the wake of Russian invasion of smaller, weaker and more peaceful Ukraine which he perceived as carelessly lost Russian territory. World leaders accused Russian President…
Fuel Scarcity: NNPC battles distributions logistics
Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited has called on Nigerians to be patient in the face of lingering fuel shortages, assuring that it was battling logistics challenges affecting efficient distribution of petrol in the country. Group General Manager…
Nigerian Content Fund exceeds $500m
Sopuruchi Onwuka The Nigerian Content Intervention (NCI) Fund has exceeded half a billion dollars, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. He spoke recently at the Sub-Saharan African International Petroleum…
Seplat to become major producer with MPN’s assets
ExxonMobil joins deepwater migration Sopuruchi Onwuka Indigenous independent energy firm, Seplat Energy Plc, is on track to finalizing the much awaited acquisition of shallow offshore production assets of Mobil Producing Nigeria (MPN) Unlimited, positioning it to become a major hydrocarbon…
NCDMB, NGC comission NEDOGAS’ 300 MMscfd KGG Facility
Nedogas Development Company Limited (NDCL) has declared completion and commissioning of the Kwale Gas Gathering and Injection facility in Delta State. The project located in Umusam, near Kwale, holds capacity for handling significant 300 million standards cubic feet of gas…
Kenyan ambassador offers African recipe to Russia, Ukraine impasse
Sopuruchi Onwuka The Kenyan Ambassador to the United Nations, Martin Kimani, has urged Russia and Ukraine to forego the nostalgia of the past geopolitical enclaves and focus on greater future in peace and common prosperity. His appeal came in response…
NCDMB, ITF train 100 youths
Sopuruchi Onwuka Hundred Nigerian youths have commenced training in the vocational skills programme sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and facilitated by the Industrial Training Fund (ITF). The training covers eight skills areas, and they include…
The economic war in energy transition, climate change
Sopuruchi Onwuka The prevailing movement for energy transition and the associated stringent measures to quicken the process hold up a flip side which reflects a silent economic war in which the world’s richest and most industrialized countries fight vehemently to…
NLNG denounces report of illegal exports
Declares commitment to best business practices Sopuruchi Onwuka Africa’s biggest natural gas liquefaction company, the Nigeria LNG Limited, has restated its commitment to best global business practices, declaring that it has no tolerance for cartelized, sharp and shady transactions. General…
