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No respite on fuel price despite the Dangote Refinery hype __Regulator
Sopuruchi Onwuka Despite the entire hullabaloo about Dangote Refinery and its influence in securing obligated crude oil supplies to local refineries, there will be no price reduction when all domestic refineries start producing petrol. One of the regulators in the…
Operating capacity is now condition for divestment closure ___NUPRC
Sopuruchi Onwuka Parties in the bulk portfolio divestments in the Nigerian upstream petroleum industry must demonstrate capacity to add value to the operated assets as the key condition for the transaction to secure regulatory approval. According to the Commission Chief…
Heritage Energy advocates ESG practices in oil and gas industry
Heritage Energy Operational Services Limited has advocated very strongly for the adoption of environmental, social and governance (ESG) practices for the sustainability of the petroleum industry in Nigeria. Chief Executive Officer, Ado Oseragbaje, stated that it has become necessary for…
Tinubu commends increased crude production to 1.61 mbpd
Says output surge buoyed by reforms President Bola Ahmed Tinubu on Sunday declared resurgence in the oil and gas industry activities, commending the increased crude production to 1.6 million barrels per day. The president, who said this in a national…
Energy women seek opportunity in 3.3 m new energy job
* Africa’s green economy needs annual $100 bn investments Sopuruchi Onwuka Some 3.3 million new direct jobs will be created with investments in renewable energy and a green transition in Africa by 2030; and women will require a level and…
Bad governance: How Tinubu put the wrong foot forward
Sopuruchi Onwuka After arriving to power under the country’s most controversial electoral processes that earned international indignation, President Bola Ahmed Tinubu has been relentless in churning out economic policies and programmes that have so far failed to impress…
Too hot to handle: TotalEnergies quits South African offshore blocks
Sopuruchi Onwuka French multinational major which celebrated rare hydrocarbon discoveries offshore South Africa is now counting losses after the terrains proved too hostile for safe and profitable commercial operations. TotalEnergies had entered into Block 11B/12B in 2013 and made two…
Delta, United airlines cancel flights to Israel as M.East set to explode
United Airlines is suspending its daily flights to Israel, beginning with the Wednesday night flight from Newark to Tel Aviv, as tensions in the Middle East escalate. “Beginning with this evening’s flight from Newark Liberty to Tel Aviv, we are…
From volumes to sweet grades, Nigeria cedes market to US
Sopuruchi Onwuka The United States of America, once the key destination of Nigeria’s light sweet crude oil prized in the market for high yield of transportation fuels, is now the nemesis of mainly West African producers of the same grade…
World’s oil reserves remain at 1.5 trn barrels __Rystad
Sopuruchi Onwuka, with agency reports Recoverable hydrocarbon liquids reserves that would continue to fire engines for transportation and industry remain at 1.5 trillion barrels, according to latest research published by Rystad Energy. The figure is some 52 billion barrels lower…
