Offshore wind installations to surpass 520 GW global capacity by 2040

Sopuruchi Onwuka Offshore installations for wins power will be responsible for significant 520 gigawatts of electricity generation in the next 16 year, according to industry advisory firm, Rystad Energy. In an industry outlook emailed to The Oracle Today, Rystad stated…

Operators to haul out $42 bn for subsea procurements by 2027 __Rystad

Sopuruchi Onwuka Global petroleum industry players are to spend gargantuan $42 billion on subsea production equipments and facilities in the next three years, industry analyst Rysatd Energy has declared. The Oracle Today reports that the huge subsea equipment budget indicates…

Nigeria is not in shoplist as Chinese firms mop foreign assets

Sopuruchi Onwuka China National Petroleum Corporation (CNPC) and its affiliates are working to revive overseas operations with a war chest of about $100 billion open for acquisitions and new operating licenses; but Nigeria is nowhere in the regions the Asian…

Global warming: UN Scribe demands world leaders to end petroleum use

There’s no lifeboat to safety The secretary-general of the United Nations has called on world leaders to phase out oil and gas from their economies and stop new exploration in hydrocarbons. Speaking in Tonga, during a meeting of Pacific Island…

NNPC Vision First Programme: Over 1,000 Lagosians receive free eye care

Sopuruchi Onwuka Over 1000 eye patients in Ilaje and other communities in the Bariga area of Lagos State have received free treatment for different eye defects in the third edition of the Vision First Programme of the Nigerian National Petroleum…

‘NCDMB remains most efficient, transparent MDA’ Scores 100% in PEBEC,s transparency assessment Sopuruchi Onwuka Federal government has again taken full pride in the systems and processes that drive regulatory activities at the Nigerian Content Development and Monitoring Board (NCDMB). Presidential…

FG begins LPG penetration scheme with free cylinder distribution in Lagos

Sopuruchi Onwuka Federal government’s ongoing LPG Penetration Program took a significant step forward in Lagos on Monday with the launch of the South-West Zone’s distribution of Liquefied Petroleum Gas (LPG) cylinders, a move aimed at promoting clean cooking solutions across…

NNPC Ltd captures greater market share with DES LNG shipments

Sopuruchi Onwuka The Nigerian National Petroleum Company Limited (NNPC Ltd) is making significant strides in the global energy market, expanding its footprint in Asia with the commencement of Liquefied Natural Gas (LNG) shipments to Japan and China on a Delivered…

‘Local content policy can accelerate Africa’s economic development’

Sopuruchi Onwuka Nigeria has proposed pan African local content policy implementation in order to assist the governments in the continent deploy their natural resources as catalyst for rapid economic development. Executive Secretary of the Nigerian Content Development and Monitoring Board…

Paradox of profligacy: Tinubu’s jet amidst crushing poverty in Nigeria

Sopuruchi Onwuka President Bola Tinubu’s recent acquisition of a new Airbus A330 business jet, amid Nigeria’s most severe economic crisis in decades, has sparked widespread outrage, drawing attention to the stark contrast between the government’s extravagance and the dire living…