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Okowa lauds Heritage Energy on local content policy compliance
Sopuruchi Onwuka American international oil independent, Heritage Energy Operational Services Limited (HEOSL), has earned the commendation of the Delta State government on its high Nigerian Content policy compliance level. Governor Ifeanyi Okowa whose presentation was delivered at the Stakeholders Summit…
Would artisanal refiners accept NUPRC’s invite to legitimate business?
Sopuruchi Onwuka The threats and admonition by power packed government inspection team that visited scenes of pipeline vandalism and destroyed illegal artisanal refining facilities in the Niger Delta signal a fresh start in the vain repetition of treating symptoms instead…
FG recovering power infrastructure from obsolescence __NERC
Sopuruchi Onwuka Federal government is working to recover the nation’s electric power infrastructure from prevailing obsolescence, sinking trillions of Naira in revamping and expanding transmission and distribution network in delivering improved electricity supply to homes and businesses in the country….
NERC lays commercial incentives for power supply improvement
Assures sustainable market for meter producers Sopuruchi Onwuka Federal government has declared plans for sustainable capacity growth in the nation’s electric power sector through performance based incentives for players, especially the distribution companies that would stake significant investments in advancing…
Jonathan, Daukoru laud NCDMB as ERASKON launches factory in Bayelsa
Former President Goodluck Ebele Jonathan and the former Minister of State for Energy and current chairman of Nigeria LNG Board, King Edmund Daukoru have applauded the Nigerian Content Development and Monitoring Board (NCDMB) for the effective implementation of the Nigerian…
No, OPEC+ builds oil value to 2008 levels
Sopuruchi Onwuka The taunt by international media outlet, Reuters, that the Organization of Petroleum Exporting Countries’ coalition members (OPEC+) lose money by not flooding the market with oil at a time high prices might be based on very wrong assumptions…
NCDMB leads search for new financing for Africa’s oil industry
Sopuruchi Onwuka Key stakeholders in the African petroleum industry are exploring a combination of reinvestment funds, idle private sector funds, development banks and local credit institutions as new sources of project financing. The scramble for new financing solutions comes in…
Lagos Employment Summit: Apprenticeship, skills lead recovery pathways
Sopuruchi Onwuka Traditional apprenticeship and set-up packages as currently practiced in business clusters in Nigeria can become plausible strategies in addressing high failure rate among millions of small businesses that create over 80 percent of employment in the country. The…
Oil prices dive below $100/bbl as demand softens
Oil prices took a dive Tuesday after surfing close to the 2008 record levels, with all major benchmarks shedding market value. The development came as key economies of the world contend with new waves of the coronavirus pandemic, Iran begins…
Renewvia feeds 10,000 people with renewable electricity
Renewvia Solar Nigeria Limited, a subsidiary of Renewvia Energy Corporation, has declared that it has connected nearly 2,000 households in five Niger Delta communities to solar-powered rural electrification minigrids, serving over 6,000 people. The company added that it has also…
