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Operating climate not OK for deepwater investments __TotalEnergies
Sopuruchi Onwuka Nigeria has not seen any major petroleum exploration and development investment recently in the deepwater terrain due to local conditions that drive cost and drain returns; and the recent executive order by the government to incentivise activities prove…
How Oando shattered the barriers to divestment deals
Sopuruchi Onwuka The late entry of Oando Energy Resources (OER) in the prevailing divestment programme and its rapid progress to secure the first approval from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) now dominate hushed discussions in the industry. Before…
Train-7 probe: How NASS can align with Nigeria’s LNG dreams
Sopuruchi Onwuka The ongoing probe into contract negotiations relating to the seventh processing train of the Nigerian Liquefied Natural Gas (NLNG) Limited points to clear misalignment with the country’s urgent need to ramp up its liquefaction capacity and grab more…
EKEDC mounts awareness campaign against energy theft
Sopuruchi Onwuka Nigeria’s leading utility firm, Eko Electricity Distribution Company (EKEDC) has embarked on a network-wide awareness campaign against energy theft. The initiative, the company explained, comes as part of the ongoing efforts to end energy theft in various forms,…
Chevron is best Exhibitor at 2024 NOG Energy Week
Sopuruchi Onwuka Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL – “NNPCL/CNL JV” – was on Wednesday July 3, 2024, recognized with the Best Exhibitor award at the 2024…
NNPC to build 3 LNG stations, 100 CNG sites __Kyari
Sopuruchi Onwuka The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible. Kyari, who disclosed this on Thursday during…
Approve divestment deals and leave production recovery to us __Roger Brown
Sopuruchi Onwuka Independent petroleum companies in the country seeking to replace international oil companies onshore Niger Delta have the capacity to drive the country’s rapid production recovery if pending divestment deals are approved by government. Seplat Energy PLC declared at…
Access Holdings leads Tier-1 banks in PBSI ranking
Sopuruchi Onwuka Access Holdings PLC has been named the leading Tier-1Bank in the 2024 Proshare Bank Strength Index (PBSI) report. Proshare places Access Holdings at the forefront, alongside other prominent institutions such as Zenith Bank, FBNH, Ecobank, UBA, and GTCO….
NNPC Retail launches probe into “Lubricants-for-Petrol” claims
Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited has launched an investigation into widely circulating videos in which customers of its retail stations are coerced tin buying unwanted lubricants as condition for getting fuel sales services. Group spokesman of the…
NNPC Ltd, partners ready for production recovery
Sopuruchi Onwuka Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr. Mele Kyari, says that he is no longer mincing words on the company’s plan with right set of partners to drive oil and gas production…
