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Divestments: Local Content and Nigeria’s deepwater future
Sopuruchi Onwuka Projections by industry experts on the fate of the Nigerian deepwater petroleum explorations and production activities continue to be divided as foreign international oil companies that opened up the terrain showed little or no interest in capturing more…
LNG demand upbeat as Russia shuts pipeline to Europe
Sopuruchi Onwuka Players in gas liquefaction and export should brace for more spot transactions as critical demand surge is expected from European countries that would now cease receiving pipeline gas from Russia after Ukraine terminates transit agreement. Both Russia and…
Falling crude prices to maintain pull on petrol prices in 2025
Sopuruchi Onwuka The price war between the two main refiners in the country-Nigerian National Petroleum Company Limited and Dangote Industries Limited-will intensify in the new year to maintain strong pull on petrol prices as projections are unanimous that crude oil…
NERC authorizes Ogun State to regulate electricity market
Sopuruchi Onwuka The National Electricity Regulatory Commission (NERC) has finally authorized the government of Ogun State to conduct regulatory activities in the electricity market in the state. According to a public notice circulated from the Public Affairs unit of NERC,…
Axxela, other investors grab stakes in Eko Disco
New investors to transform EKEDC into integrated power firm Sopuruchi Onwuka A number of deep pocket investors have acquired significant equity stakes in the Eko Electricity Distribution Company (EKEDC) Limited, clearing the path for the power marketing company to transform…
Ardova Plc in bulk purchase deal with Dangote Refinery
In a bid to guarantee supply security at affordable prices for its customers, Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses has agreed to a bulk purchase framework with Dangote Refinery. The framework, according to Head…
170 graduates benefit from Shell, partners’ internship programme
A total of 170 young graduates have benefitted from the NCDMB/PETAN/SPDC JV Graduate Internship programme, in which they were attached to indigenous technical oilfield service companies in the upstream and downstream sectors for hands-on experience. Some 133 of the interns…
Climate action: New York to slam oil firms with $75 billion fine
The state of New York in the United States has declared that it will fine fossil fuel companies a total of $75 billion over the next 25 years. The fine is meant to pay for damage caused to the climate…
China to generate annual 300 bn kWh from world’s largest dam
Sopuruchi Onwuka, with agency reports The Chinese government has approved the construction of a massive hydroelectric power plant over the world’s largest dam to be built over the sacred Yarlung Tsangpo River in the Tibet autonomous region. When ready, the…
