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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…
Iran war erases LNG glut fears as market shifts toward deficit
Attacks linked to the ongoing conflict involving Iran and disruptions to oil and gas production across the Middle East have rapidly changed the outlook for the global liquefied natural gas (LNG) market. Security concerns around shipping through the Strait of…
Dangote knocks off N100/l from petrol price as crude oil price drops
Sopuruchi Onwuka Nigeria’s dominant fuel producer, Dangote Petroleum Refinery says it has reduced gantry price for petrol and diesel by some N100 per liter even as the prices remain very high in the face if the prevailing oil supply crisis…
ExxonMobil’s Esso restates commitment to vendor diversification
WIEN decries low opportunity for women-led businesses Sopuruchi Onwuka ExxonMobil affiliate, Esso Exploration and Production Nigeria Ltd. (EEPNL) has restated its commitment to supplier diversity, inclusive sourcing, and local capacity development within Nigeria’s energy sector. The company which hosted a…
FG unveils GAMCO to unlock 1,600MW of stranded power
Sopuruchi Onwuka The Niger Delta Power Holding Company (NDPHC) Plc and other players in the Nigerian upstream power sector will soon find enhanced access to the high demand domestic electricity supply market following moves to establish a special purpose entity…
