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Africa posts rising FDIs, suffers low finance access
Sopuruchi Onwuka Latest global trade reports show the incongruity of Africa’s rising foreign direct investments and low access to development finance; highlighting the predicament of world’s least developed countries, especially West Africa, where nations remain consistently remain in search of…
Shell dismisses BP acquisition rumour
Shell said weekend that it has not actively considered an offer to buy over BP and would still not do so, according to a report by Oilprice. The clarification came in response to media report which in the week sparked…
Executive Orders aim to enhance oil industry efficiency _Avuru
Sopuruchi Onwuka The recent executive orders churned out by the federal government are meant to steer the Nigerian upstream petroleum industry into clear pathway towards delivering government’s prime economic aspirations for the energy sector. Chairman of AA Holdings, Mr Austin…
Eko DisCo earns praise of Oba, Stakeholders on services
Diligent electricity distribution services and prompt resolution of supply disruption have earned the Eko Electricity Distribution Company (EKEDC) strong commendation from the Oba and White Cap Chiefs of Lagos State. The company which hosted the delegation of the Oba of…
APPO, NOC CEOs Accra meeting to focus on energy development
Sopuruchi Onwuka Head of national hydrocarbon companies in Africa are scheduled to meet with the leadership of the African Petroleum Producers Organization (APPO) to harmonize strategies for enhanced energy development in the continent. Organizers of the upcoming Africa Oil Week…
Julius Berger formally engaged in Oloibiri Museum project
All roadblocks to construction of the world-class Oil and Gas Museum and a Research Testing Centre have now been cleared to enable construction giant, Julius Berger, to proceed to site. According to the Nigerian Content Development and Monitoring Boars (NCDMB),…
NLNG endorses 2025 Oriental News Nigeria Summit
Sopuruchi Onwuka As Nigeria continues to promote energy efficiency with natural gas as key driver to achieve her energy transition goals, key stakeholders in the sector would be discussing prospects of the country’s huge gas resources in actualizing set targets….
EU sets 2027 deadline to cut Russian gas imports
As the European Union seeks to end its dependency on Russian energy, the European Commission is set to propose this week a ban on new contracts for natural gas supply with Russia on the basis of trade law, which needs…
ADNOC-led consortium throws in $18.7 bn bid for Santos
Sopuruchi Onwuka A consortium led by Abu Dhabi National Oil Company (ADNOC) has thrown in attention-grabbing $18.7 billion offer to acquire Australia’s second-largest gas producer, Santos, in a bid that focuses on the future potentials of both companies when merged…
Some 242 Indians, Britons, Canadians dead as Air India flight crashes
Air India flight AI-171, bound for London’s Gatwick Airport, crashed shortly after takeoff near Ahmedabad airport on Thursday. The Boeing 787 aircraft belonging to Air India was carrying around 232 passengers and 10 crew members when it crashed. Indian television…
