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Germany, Denmark to replace Russian gas with $9 bn island wind parks
Germany and Denmark have agreed on a $9 billion deal to build an offshore wind power project in the Baltic Sea that authorities said would provide enough power for up to 4.5 million households by 2030. According to State of…
Nigerian energy industry is transitioning from multiple fronts _ Oseragbaje
Sopuruchi Onwuka Heritage Energy Operational Services Limited (HEOSL) calls on stakeholders in the Nigerian energy sector to rise to the challenges multiple transitions in the domestic industry. The company which operates the Oil Mining Lease (OML) 30 for Nigerian Petroleum…
Marketers, consumers lay conditions for deregulation
Poverty level too high for costly fuel Sopuruchi Onwuka Stakeholders in the Nigerian downstream petroleum industry have called on government to take convincing steps towards addressing multiple imbalances that unsettle the domestic fuel market, warning that it has become increasingly…
JV divestments: NUPRC owes new investors deal guidelines
Sopuruchi Onwuka Industry response to the raging debate over the approval processes in the acquisition deal between American oil multinational firm, ExxonMobil, and indigenous multinational independent firm, Seplat, appears to raise anxiety about the fate of similar deals under the…
Elon Musk says petroleum needed to sustain civilization
Inventor who is driving electric vehicle innovation, Mr Elon Musk, has declared that oil and gas remain relevant to sustain human civilization. Elon Musk is the Chief Executive Officer of Tesla, the leading global brand in electric vehicle EV and…
NLNG restates commitment to Nigerian Content policy
The management of the Nigeria Liquefied natural Gas (NLNG) Limited has restated the commitment of the company to delivering full economic benefit from all its operations. The company which leads gas export operations in Nigeria pledged that it would drive…
NCDMB, NLNG deepen partnership on projects, LPG penetration
$5bn Train-7 project to create 50,000 jobs The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquefied Natural Gas (NLNG) Limited will set up a tactical team comprising nominees from both organizations to drive closer collaboration on projects,…
Shell Nigeria Gas deploys firm on domestic gas market survey
Sopuruchi Onwuka Domestic gas supply factor, Shell Nigeria Gas Limited (SNG), has declared engagement of consultants in a far-reaching gas market survey in 33 percent of the states in Nigeria. Shell said in a statement that the survey is to…
U.S. agrees to repatriate further $23m Abacha loot
The United States will turn over to Nigeria $23 million stolen by former military ruler Sani Abacha, but on the condition that the funds must not be re-looted. The US officials on Tuesday signed an agreement on the terms and…
Okonkwo tasks FG on ethical rebirth
The Chairman of United Nigeria Airlines, Prof. Obiora Okonkwo, has said that for Nigeria to overcome most of its challenges, especially, corruption, there is a need for the complete ethical and attitudinal reorientation of the people. To this end, Prof….
