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Olu Verheijen’s flawed investment appraisal
Sopuruchi Onwuka The calculation by the Special Adviser to the President on Energy, Olu Verheijen, that the Nigerian energy industry attracted impressive $6.7 billion investments in 2024 has found players in the industry looking around in surprise. In presenting the…
Nigerdock records 17 million man-hours with zero LTI
Leading Nigerian maritime and logistics company, Nigerdock, has announced 17 Million Man-Hours without Lost Time Injury (LTI) across its operations. Chief Marketing Officer, Mr Kevin Johnson-Azuara, described the achievement as a significant and noteworthy safety landmark that is indicative of…
Energy editors upbeat on petroleum industry activities
The Society of Energy Editors, SEE, expects the Nigerian energy sector to witness significant developments in the first quarter of 2025. This, according to the Society, would be driven by President Bola Tinubu’s proposed N49.7 trillion-naira budget for the year….
Seplat to strengthen partnership with Akwa Ibom State
Nigeria’s leading indigenous oil and gas producer, Seplat Energy Plc, has expressed its commitment to partnering with the Akwa Ibom State Government for sustainable development. This was disclosed during a courtesy visit to the State Governor, His Excellency, Pastor Umo…
Oando plants a foot in Angola with Block KON 13
Sopuruchi Onwuka Nigeria’s fast growing energy firm, Oando, has successfully clinched a joint venture deal, clearing the way for it to become the first Nigerian company to lead an exploration and production joint venture in the Africa’s second largest oil…
Lekoil changing energy and agriculture business in Akwa Ibom
Sopuruchi Onwuka Indigenous independent petroleum company, Lekoil, has declared that it is driving impactful change in energy and agriculture to promote new investments in oil and gas operations, create employment opportunities and spur community growth though its operations in Akwa…
Africa needs women’s perspectives for energy security __Olu Verheijen
Sopuruchi Onwuka Bringing the perspectives, capacity and the energy of women into the capacity mix remains the critical requirement to accelerate Africa’s development. Presidential Adviser on Petroleum Resources, Olu Verheijen, declared at an industry conference that harnessing the strength and…
Cyber attacks: EKEDC issues advisory to protect customers
Sopuruchi Onwuka Eko Electricity Distribution Company (EKEDC) has warned its customers of rising wave of cyber threats that comes with the increasing reliance on digital platforms for transactions and communications. The company declared in a statement that cyber attackers have…
First Bank accuses General Hydrocarbons of diverting funds, evading payment
First Bank of Nigeria Limited has declared that its ongoing legal battle with General Hydrocarbons Limited (GHL) is in response to alleged diversion of funds and visible moves by the borrower to evade payments. In a circular to shareholders to…
Climate action: Nigeria, APPO want petroleum decarbonization
Sopuruchi Onwuka Global funding for cleaner energy should be used in developing technology for decarbonization of available, affordable and abundantly accessible energy forms instead of driving demand migration to newer, costlier and scarce greener options. The Oracle Today reports that…
