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Big oil, global experts rally support for 24th WPC
Sopuruchi Onwuka Country organizing committee for the triennial World Petroleum Congress has declared massive industry and government support for the 24th edition of the global industry confab slated for Calgary, Canada in 2023. Media statement available to The Oracle Today…
Fuel scarcity: Market players blame government
*MOMAN pledges enhanced distribution for yuletide Sopuruchi Onwuka Key stakeholders in the Nigerian petroleum market have blamed the prevailing fuel supply instability in the country on regulatory failure, infrastructure obsolescence, acute foreign exchange crunch and lack of resource accountability by…
Nigerian steel mills going obsolete
Private sector invests $500m in new mills Sopuruchi Onwuka The Nigerian steel industry can only thrive in the private sector, after initial government investments have gone moribund and technologically obsolete. However, the Organized Private Sector of the Nigerian economy has…
NCDMB hits 54% Nigerian Content quotient
Charges indigenous companies on compliance Mid-way into a 10-year Strategic Road Map for enhanced indigenous participation and utilisation of local assets in oil and gas operations, industry regulator Nigerian Content Development and Monitoring Board (NCDMB) has recorded a 54 per…
TotalEnergies pushes govt to compete for capital importation
Chairman of TotalEnergies in Nigeria, Mr Mike Sangster, has called on the government to position the local operating environment for keen competition for global investments in petroleum development. He stated that Nigeria must urgently address the crippling security and other…
Investors willing to stake $40 bn in gas development _OPTS
Sopuruchi Onwuka Some key players in the upstream petroleum industry have accepted to collectively shoulder some $40 billion investments in new development if the government would dismantle operational challenges that impact returns on investments. The pledge came in response to…
Coscharis Motors’ customers get coverage from AIICO
Coscharis Motors Limited, a leading brand in the Nigerian automobile industry, has partnered with AIICO Insurance Plc to embed insurance into its automobile sales. As a result, existing and prospective customers of Coscharis will continue to enjoy premium automobile after-sales…
Seplat Energy earns ISO 55001:2014 AMS certification
Indigenous independent company playing in the country’s petroleum industry, Seplat Energy Plc, has declared acquisition of significant certification for proficiency in asset management systems. Seplat which listed on both the Nigerian Exchange Limited and the London Stock Exchange stated that…
Seplat canvasses enhanced energy capital deployment in Africa
For Africa to achieve major development goals and power its own economies as well as export energy, energy capital should be deployed to the continent. The Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown said this at the World…
Europe to targets 63% LNG import capacity by 2024
Liquefied natural gas (LNG) import capacity in the European Union (EU) and the United Kingdom (UK) will expand by 34 percent, or 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021, according to the International Group of…
