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Shell formally trusts its deepwater portfolio in Mrs Aiboni
Sopuruchi Onwuka Royal Dutch Shell has formally eased off the Managing Director of its deepwater business portfolio in Nigeria, Mr Bayo Ojulari, replacing him with already nominated designate, Mrs Elohor Aiboni. The company announced Elohor Aiboni as the Managing Director…
Seplat significantly grows half year earnings, profit
Sopuruchi Onwuka Seplat Energy Plc weekend declared profit before deferred tax (PBT) of $62.1 million for the half year of 2021 scorecard with, posting an increase of 142.7 percent over its performance in 2020. Director of Communications, Dr Chioma Nwachuku,…
‘OPEC+ still positioned for oil market intervention’
Sopuruchi Onwuka The league of world’s key petroleum producers hosted in the Organization of Petroleum Exporting Countries (OPEC) and its non-member allies are still positioned to apply supply modulation mechanisms in protecting vulnerable economies from oil market shocks as the…
Kyari Assures AKK Gas Pipeline Project ‘ll Be Delivered on Schedule, Create Prosperity
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614 nkilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project would be delivered on schedule, create prosperity through massive job opportunities and guarantee peace…
Downstream oligopoly strives against PIB
Sopuruchi Onwuka The ancient demon that causes scare in government’s failing attempts at commercial deregulation of the domestic fuel market appears to have crept in the Petroleum Industry Bill (PIB); the omniscient legislation conceived to resolve all fiscal, regulatory and…
Auwalu bags Valuechain awards
Director and Chief Executive Officer of Department of Petroleum Resources, Engr. Sarki Auwalu, has bagged the Chief Executive Officer of the Year Award at the Fourth Valuechain Lecture and Awards in Abuja. The organizers of the award, Valuechain Magazine, bestowed…
OPEC+ maintains grip on global supply, records 113% compliance
Sopuruchi Onwuka Global petroleum market factors, the Organization of Petroleum Exporting Countries (OPEC) and its allies, have registered positive control of crude oil supplies towards the twin targets of adequately fuelling socio-economic activities while returning value for investors and resource…
