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Shell puts $750m cost to Iran’s attack on Qatar’s Pearl GTL plant
Fred Ike Shell is facing an estimated $750 million hit to revenues following Iran’s attack on its Pearl gas-to-liquids facility in Qatar, adding to the wider disruption across the country’s energy sector. The Pearl GTL plant, located within Ras Laffan…
QatarEnergy, ExonMobil count over $28bn losses on Iran strikes
Sopuruchi Onwuka Estimated cost and income losses from Iran’s strikes on Qatar’s gas infrastructure have climbed to about $28.57 billion, as QatarEnergy and ExxonMobil assess the damage to key liquefied natural gas facilities. The attacks on 18 and 19 March…
LNG Force Majeure! How Iran exports war pains across global economies
Sopuruchi Onwuka Iran’s missile strikes on Qatar’s gas infrastructure have delivered a systemic shock to global energy markets, exposing the vulnerability of domestic economies to external supply disruptions and triggering a renewed economic squeeze worldwide. The attacks, launched on March…
NSIA dairy deal to create 7,500 jobs, strengthen food supply
Sopuruchi Onwuka The Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding (MoU) with UK‑based Asset Green Limited to develop an integrated dairy livestock production and processing platform in Nigeria. The partnership represents a major step toward transforming…
Oil crunch: Why price incentives cannot boost Nigeria’s output
Sopuruchi Onwuka Nigeria, Africa’s biggest oil producer and key member of OPEC, is often counted as a potential fallback supplier whenever global oil markets are shaken. But the prevailing supply crisis linked to tensions around Iran and the risk to…
MTN plans AI-enabled data centres in S. Africa, Nigeria
Frank Okon MTN Group is advancing plans to build AI-enabled data centres in South Africa and Nigeria, betting on rapid growth in Africa’s digital infrastructure needs. The announcement comes as part of MTN’s broader Ambition 2030 strategy, which reorganises the…
NLNG expands VIBES program with103 new beneficiaries
Nigeria LNG Limited (NLNG) has inducted a new cohort of 103 trainees into its economic empowerment initiative, the Vocational Innovation Business and Empowerment Scheme (VIBES), as part of its 2026 program. The induction ceremony, held on Monday in Port Harcourt,…
Shell delivers Bonga FPSO maintenance with 80% Nigerian capacity
Sopuruchi Onwuka Shell is beating its chest with cumulative 80% Nigerian Content performance in the turnaround maintenance of Nigeria’s first large scale floater that has pumped oil from deepwater Bonga Main field since 2005. Local affiliate, Shell Nigeria Exploration and…
NCDMB trains 33 engineers on pipeline maintenance
Sopuruchi Onwuka Thirty-three young graduates of engineering, geology and related disciplines have started a 12-month training program in pipeline engineering, corrosion control and monitoring. The training organized under the Nigerian Content Human Capital Development (NC HCD) Training Program is geared…
IEA unleashes record 400 Mbbls oil release as Gulf war jolts markets
Frank Okon The International Energy Agency has approved a record release of emergency oil reserves as the war in the Middle East threatens global energy supplies and drives crude prices sharply higher. The agency said March 11 that its 32…
