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Kachikwu canvasses $1bn pan-industry NCI Fund
Recommends timeline for field development projects Sopuruchi Onwuka Former Minister of State for Petroleum Resources, Prof. Emmanuel Ibe Kachikwu, has canvassed that the $450 million Nigerian Content Intervention Fund (NCI Fund) be increased to $1.0 billion, to cover the funding…
African local content policies must complement, not negate ACFTA vision
Nigerian oil independents are technically capable, but poorly funded Dr. Emmanuel Okoroafor, erudite and practiced, sits on the board of one of Nigeria’s fasted growing integrated energy companies, Hobark International Limited, as Executive Director. With over 30 years of vast…
Dangote wants Africa to displace raw materials export with manufacturing
Marks Special Day at ongoing Intra-African Trade Fair in Algiers President of Dangote Industries Limited, Aliko Dangote, has called on Africans to adopt industrialisation, develop robust regional value chains and deepen intra-African trade to boost overall development across the continent….
Elon Musk in deal with Tesla board to grow capitalization to $8.5 trn
Underway to becoming tentative trillionaire Sopuruchi Onwuka, with agency reports American tech billionaire, Elon Musk, who is already the world’s richest person, is in deal with the board of troubled electric vehicle (EV) maker, Tesla, to focus on growing the…
WIEN advances panelists, speakers to GasTech 2025
Sopuruchi Onwuka Africa’s leading gender equity advocate and female capacity builder in the energy industry, Women In Energy Network (WIEN), will this month join global industry captains and innovators in shaping the future of play in the global gas industry….
CORAN set to shape Africa’s refining agenda at 2025 Summit
Sopuruchi Onwuka The Crude Oil Refiners Association of Nigeria (CORAN) has announced the schedule to engage top leaders from government, industry, finance, and civil society to chart a new course for Africa’s refining future. The group which holds the CORAN…
HSI Energies canvasses domestic energy consumption boost
Sopuruchi Onwuka Group Chief Executive Officer of HIS Energies, Mr Chiezie Nwosu, has declared that enhanced oil and gas production has become urgent following increasing propositions for investments in local refineries and industrial parks. He told Oracle Intelligence that petroleum…
Rivers State working to reconnect Port Harcourt to WECP
Sopuruchi Onwuka The Rivers State government has declared plans to restore Port Harcourt’s membership in the World Energy City Partnerships (WECP), nearly a decade after the city lost its connection to the global network of energy hubs. The move to…
LNG capacity race projects 748 mtpa by 2030, triggers supply chain bustle
NLNG Train-7, Mozambique LNG lead Africa’s capacity growth US emerges global oil and gas export champion Sopuruchi Onwuka Total global liquefied natural gas (LNG) capacity will hit significant 748 million tons per annum (mtpa) by 2030, driven by significant 253.6…
Global oil supply now up by 2.5 mbd in 2025 __Rystad
Sopuruchi Onwuka Supply of crude oil in the global petroleum market is on the rise by 370,000 barrels per day (370kbd) significant 2.5 million barrels per day (2.5 mbd) in 2025, stoking the fears of oversupply and pull on prices…
