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Seplat offers development partnership to Edo State
Sopuruchi Onwuka Seplat Energy Plc and the Edo State government have agreed to deepen their partnership towards improved social, economic and environmental development. The partnetship was part of the discussions during a courtesy visit to the Executive Governor of Edo…
WIEN secures NGA partnership on gender diversity in energy industry
Sopuruchi Onwuka Nigeria’s foremost workplace gender equity advocacy group, Women in Energy Network (WIEN) is collaborating with the new leadership of the Nigerian Gas Association (NGA) to evolve a structured data based approach to gender balancing in the industry. The…
ACFTA: China’s $160 bn package to fund African industrialization
Sopuruchi Onwuka New race for African governments in the ongoing Chinese loan disbursements would be to advance industrial propositions that would enable flow of local goods and services in the toll free African Continental Free Trade Area (ACFTA), shifting the…
Amend EPSRA, PIA to fix distressed power sector, El-Rufai warns
Sopuruchi Onwuka Former governor of Kaduna State, Mallam Nasir El-Rufai, declared that the laws governing operations in the power and petroleum sectors should be aligned to salvage the increasingly distressed and illiquid electricity supply industry. Mallam El-Rufai stated that the…
NLNG plant is not shut down
The Nigeria Liquefied Natural Gas (NLNG) Limited has discredited media report stating that its plants are in prolonged shutdown and threaten gas production. Nigeria LNG Limited (NLNG) states that the report is false and misleading, its spokesman, Mr Andy Odeh,…
San Leon shops $5m for indirect investment in OML 18
Sopuruchi Onwuka, with agency reports San Leon Energy announced a further investment of $5.0 million in Energy Link Infrastructure (Malta) Limited (ELI), which owns the new pipeline and the floating storage and offloading vessel for the OML 18 oil and…
ADNOC hauls out $12.6 bn for Covestro
Abu Dhabi National Oil Co (ADNOC) has signaled a willingness to raise its informal offer to 60 euros per share for a valuation of $12.6 billion for German plastics and chemicals maker Covestro. The latest offer would represent a premium…
Depthwize Majestic rig: 3 crew members still missing
Sopuruchi Onwuka Seplat Energy Plc has declared that its collaboration with industry stakeholders in the search and rescue of crew men of the capsized Depthwize Majestic rig was yet to account for the three missing persons. Managing Director, Mr Roger…
Comparative data challenges NNPC’s import claims
Sopuruchi Onwuka Market data from S&P Global Commodities at Sea have revealed that Nigeria’s petrol import in May averaged just 205,200 b/d or 32,595,000 liters in May, validating reports by The Oracle Today that the about 70 million liters regularly…
NCDMB lays template for Africa’s resource optimization
Sopuruchi Onwuka Nigeria has continued to provide credible guides to new African petroleum producers on optimization of resource value, empowering industry regulators and political leaders with critical lessons on averting resource curse. The Executive Secretary of the Nigerian Content Development…
