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China’s Sinopec lands $60 bn LNG deal with Qatar Energy
China’s Sinopec on Monday concluded a $60 billion long term gas sales and supply agreement with the Middle East’s largest gas factor, Qatar Energy, setting a benchmark for the world’s biggest transactions for largest volumes of supply. Under the terms…
Gas scramble: Japan says LNG is sold out until 2026
The Japanese Ministry of Trade has sounded alarm of medium term gas crunch, pointing out that long-term contracts fLNGor liquefied natural gas shipments are sold out until 2026 due to limited liquefaction capacity at a time Europe unplugged from Russian…
Multiple windows: Investors adopt equity templates for forex rate
Sopuruchi Onwuka With inability of businesses to secure adequate foreign exchange at official rates to drive transactions that transcend the country’s borders, business proposals involving international transactions have become source of confusing calculations. Whereas the official rates for the exchange…
$11 bn award: Danjuma’s Tita-Kuru tackles P&ID over project design
A local firm, Tita-Kuru Petrochemicals Limited associated with General Theophilus Danjuma has surfaced to be part of the deal in which Process and Industrial Development (P&ID) is taking pound of flesh from Nigeria over a botched gas monetization contract. According…
UPDC examines housing development imperatives at 25th Anniversary
UPDC Plc, Nigeria’s foremost property development, management and investment company, has explored pathways to solving the various challenges and maximizing opportunities being created in Nigeria’s booming but volatile real estate sector at a summit to mark its 25th Anniversary. Tagged,…
PIA is delivering key investment goals – Sylva
Sopuruchi Onwuka The newly activated Petroleum Industry Act (PIA) is delivering the key objectives of government in providing congenial domestic industry environment for capital importation and attraction of global investments. Minister of State for Petroleum Resources, Chief Timipre Sylva, stated…
Heroic Idun: The fireworks over Akpo oil lift
Sopuruchi Onwuka After months of hunting, catching and detaining the ocean going crude oil carrier, MT Heroic Idun, swings in legal battle has started in Nigeria while diplomatic dispute is brewing in India where lawmakers are coming under pressure to…
Female capacity offers opportunity for accelerated economic growth __WIEN
The Nigerian economy holds potential to accelerate growth and development by 2025 if women are provided the opportunity to play exactly the same role as men in corporate leadership and economic management in the country. The assertion forms one of…
NLNG N18.4b award: When the Senate kills the environment
Sopuruchi Onwuka The recent decision to impose N18.4 billion penal measure against the Nigerian Liquefied Natural Gas (NLNG) Limited over pipeline right of way dispute stokes existing concerns among petroleum industry investors about the threat of political interference in the…
Energy transition is creating huge opportunities in Nigeria, Seplat CEO
Energy transition creates huge opportunities in Nigeria as it supports economic and social development, job creation, improved health and education, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown has said. Mr. Brown said this during a panel session…
