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Saudi Arabia, Russia buoy oil prices with supply cuts
Sopuruchi Onwuka Leading members of the OPEC+, Russia and Saudi Arabia, have decided to maintain unilateral production cuts till the end of the years in successful bid to keep prices of the commodity above $90 per barrel ($90/b). The supply…
WEOG launches directory on women in oil and gas
In a significant move aimed at boosting the presence and success of women-owned businesses in the energy, oil, and gas sector, the Women in Energy Oil and Gas (WEOG) Lagos Chapter has announced the launch of an exclusive business directory….
Eni begins early production at Baleine Field, Côte d’Ivoire
Italian oil multinational, Eni, has started production of oil and gas from the Baleine Field, located in the waters offshore Côte d’Ivoire. The commissioning and beginning of production from the field comes less than two years after the field was…
Matthieu BOUYER takes charge at TotalEnergies in Nigeria
Mr. Matthieu BOUYER has been appointed the Managing Director/Chief Executive of TotalEnergies Upstream Companies in Nigeria and representative of TotalEnergies Company in Nigeria effective August 21, 2023; a statement from the company’s media handler said.. A graduate of the Ecole…
EKEDC vents full anger on irresponsible customers, thieves
Eko Electricity Distribution Company (EKEDC) has advised members of the public to desist from assaulting or preventing its staff from performing their lawful duties. In the same vein, the Company has vowed to go to the full extent of the…
Indigenous Oando stepping into major producer roles
Sopuruchi Onwuka Indigenous energy company, Oando Plc, is underway to becoming the first Nigerian indigenous upstream players to totally displace major international partners as operator in the conventional terrains of the Niger Delta. The company declared today that it has…
Nigeria becomes global LNG market laggard
Sopuruchi Onwuka Global supply of liquefied natural gas or LNG jumped by significant 5.0 percent in 2022 as increased flow of supply manly from the United States and Middle East shifted from China to Europe where pipeline gas from Russian…
GCR affirms Axxela’s issuer ratings at A-(NG) / A2(NG) with a Stable Outlook
Axxela Limited (“Axxela”), one of the leading gas and power companies in Sub-Saharan Africa has announced the reaffirmation of its national scale long-term and short-term issuer ratings at A-(NG) and A2(NG) respectively, with the Outlook revised to Stable by Global…
Nigeria’s 2022 oil production flowed at 1.3 mbd
Sopuruchi Onwuka Nigeria’s average daily petroleum liquids output fell to 20-year low in 2022 when the flow of new investments in the petroleum industry also fell to record lows following disagreements over fiscal terms. According to global industry statistics compiled…
Nigeria’s energy trade charts show internal strategy mess
Sopuruchi Onwuka Nigerian energy trade losses entered a deceleration mode not because the volumes of imports championed by the Nigerian National Petroleum Company (NNPC) Limited reduced, but because the spirited audacity of private local businessmen that risked billions of Naira…
