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Climate action: Global reserves drop by 9%
Sopuruchi Onwuka Total recoverable oil worldwide has indicated a peak, dropping by 9.0 percent from last year and threatening global energy security at a time price jumps associated with falling supplies trigger inflationary jumps across economies. According to Rystad Energy’s…
NCDMB to enlist security agencies in Nigerian Content Law enforcement
The Nigerian Content Development and Monitoring Board (NCDMB) seeks the collaboration of the nation’s law enforcement agencies in driving compliance of the Nigerian Content Act in the oil and gas industry. Executive Secretary, NCDMB, Mr Simbi Wabote, who hosted Nigerian…
Warri Refinery to host 100 kbd greenfield boost plant
The newly minted Nigerian National Petroleum Company (NNPC) Limited has initiated moves to accelerate its refining capacity recovery with the establishment of a new plant to boost capacity at Warri Refining and Petrochemical Company (WRPC) by 100,000 barrels per day….
US Gulf crude oil export to hit 4.8 mbd in 18 months
Sopuruchi Onwuka The stormy market turbulence caused by the Russian invasion of Ukraine and the scramble by producers to take greater supply roles will see the United States ramp up exports from its southern ports by significant 1.5 million barrels…
NERC to challenge Discos with embedded generation
Sopuruchi Onwuka Electricity Distribution companies in the country will soon be required by the industry regulator to boost supply hours with electricity generated internally within their network concessions. The Oracle Today reports that the requirement which is currently being articulated…
How Asian customers win the oil game prize
Russia, Saudi Arabia, EU are losers Sopuruchi Onwuka Asian countries, mainly India and China, have become the prize winners in the ongoing trade sanction spat between the industrialized economies of Europe and world’s third biggest oil producer and war monger,…
Wabote wants varsities to position Nigeria in new energy order
There is an urgent need for the Federal Government and other stakeholders of the oil and gas industry to intensify efforts in the promotion of quality petroleum education and development of competent manpower that would help Nigeria meet the challenges…
NCDMB pledges space for women at industrial parks
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared that its industrial parks currently under development stages will hold special slots for women enterpreneurs in technical services, manufacuting and energy related businesses. The agency which is responsible…
WTO to act on ocean fish, food security, COVID vaccines
Sopuruchi Onwuka, with agency report The World Trade Organization (WTO) weekend concluded its meeting attended by over 100 ministers of sovereign nations with a resolve to tackle three global health, environmental and hunger emergencies. The WTO members also reached a…
NCDMB to raise female quotient in oil industry training
Begins disbursement of $40m Women Fund Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) will formally require operating companies in the Nigerian petroleum industry to increase the proportion women in their regular human development programmes, including courses that…
