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Growth mandate: NUPRC demands enhanced operating environment, efficiency
Sopuruchi Onwuka Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on government to provide enhanced operating environment and transparent fiscal regimes that earn the confidence of global investors in the Nigerian petroleum industry. The Commission Chief Executive (CCE), Engr. Gbenga…
Deepwater developments: NCDMB mandates operators to prioritize local services
Sopuruchi Onwuka The federal government has mandated operators in the nation’s deepwater oil and gas play to prioritize use of local capacity in the upcoming field development projects already approved for execution, stressing that Nigeriancontent has moved from aspiration to…
Dangote assures stable Petrol prices amidst crude oil price fluctuation
Dangote Petroleum Refinery & Petrochemicals reaffirms that, despite the fluctuations in global crude oil prices, it has consistently reduced the price of Premium Motor Spirit (PMS), commonly known as petrol. The company, in a release, signed its Group Chief Branding…
Oil prices hang wait on conflict negotiations on Iran, Ukraine
Ease of sanctions on Iran is out of sight following sharp disagreement between the country and the United States. And the expected outcomes of the highly anticipated phone call between Presidents Vladimir Putin of Russia and Donald Trump of United…
Oil prices hang on conflict negotiations on Iran, Ukraine
Ease of sanctions on Iran is out of sight following sharp disagreement between the country and the United States. And the expected outcomes of the highly anticipated phone call between Presidents Vladimir Putin of Russia and Donald Trump of United…
Is ExxonMobil laying out investment recovery agenda in Deepwater Nigeria?
Sopuruchi Onwuka American oil multinational major, ExxonMobil, appears to have activated a tranquil plan to mount production pressure on its deepwater assets in Nigeria as it lays out investment capital for greenfield developments and enhanced recovery programmes for brownfield assets….
Inflation hits Nigerian kitchens with food price jumps
Sopuruchi Onwuka The inflationary trends in the domestic economy have drilled down to direct impact on low income families in the country, figures from the National Bureau of Statistics (NBS) have clearly indicated. The NBS indicated that inflation impacts on…
Trump’s Middle East tour weighs on oil market fundamentals
Sopuruchi Onwuka Progress made on US-China trade negotiations and the improvement in the US-Iran nuclear negotiations have joined to erode pessimism on oil demand at a time the OPEC+ supply bloc has indicated nearly half a million barrels of incremental…
Middle East trip: Trump masses up $Trillions in deals
Sopuruchi Onwuka US President Donald Trump who stormed the Middle East amidst hostage deal impasse between Hamas and Israel is massing up trillions of dollars in business deals from the region. From defence, aviation and tech deals, Trump has not…
The blood profits of Nigerian banks
[By Michael Owhoko, Ph.D] The astronomical rise in banks’ profits as reflected in the 2024 full year financial report has exposed the banking industry as a lucrative enterprise powered by arbitrary charges imposed on unwilling customers. In some cases, these…
