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Eyesan engages operators on rapid output boost, pledges predictable regulation
By Sopuruchi Onwuka The new Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has begun industry engagement with a call on operating companies to adopt efficient measures that will quickly boost oil production and government…
UN says global economic growth indicates resilient but subdued
Further slowdown expected in 2026 Sopuruchi Onwuka Global economic growth has shown resilience over the past year despite trade tensions and geopolitical uncertainty, but remains subdued and well below pre-pandemic levels, according to a major United Nations report released on…
Nigeria Leads Sub-Saharan Africa’s LNG Boom
Sopuruchi Onwuka Sub-Saharan Africa’s liquefied natural gas (LNG) supply is set for rapid expansion over the next decade, with total output forecast to rise by 172% from 35.7 billion cubic metres (bcm) in 2024 to about 98 bcm by 2034,…
Heirs Energies stakes $500m on 20.07% Seplat equity
Buys Out Maurel & Prom Sopuruchi Onwuka Heirs Energies has declared that it has acquired a 20.07 percent equity stake in Seplat Energy Plc, strengthening indigenous ownership in Nigeria’s largest independent energy company. The indigenous integrated energy firm announced on…
New collaboration with Elon Musk aims to make Israel global AI leader
Global technology entrepreneur Elon Musk is working toward a collaboration agreement with the State of Israel to advance artificial intelligence (AI) and autonomous vehicle technology, a move expected to strengthen Israel’s position as a global leader in the sector. According…
NCDMB flaunts funding, mentorship in 2025/2026 innovation challenge
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to supporting innovation in the oil and gas sector through funding, mentorship, and business development opportunities for participants in its 2025/2026 Research, Innovation and Technology Challenge….
Another year closes with fuel price drop
* Dangote’s price cuts face implementation challenges Sopuruchi Onwuka The domestic fuel market is set to end 2026 with slight fall in the prices of transportation fuels, especially the premium motor spirit popularly called petrol which fires cars and light…
Heirs Energies to drive long-term growth with $750m
Sopuruchi Onwuka Heirs Energies Limited has secured a $750 million financing from the African Export–Import Bank (Afreximbank), marking one of the largest funding transactions ever obtained by an indigenous African energy company. According to Heirs Energies, the Afreximbank facility will…
Fact Check: Dangote’s claim of price drop is false!
Sopuruchi Onwuka The highly hyped drop in the price of petrol at the MRS retail stations attributed to a pledge to the Chairman of Dangote Group, Alhaji Aliko Dangote, is false after all. Our field reporters who went out on…
ELPS breach: WAPCo assures steady regional supply as NNPC deploys containment measures
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited says it has deployed coordinated containment measures following an incident on a section of the Escravos–Lagos Pipeline System (ELPS) in South-West Warri, Delta State. The company’s Chief Corporate Communications Officer, Andy…
