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PIA: IOCs plan $60 bn FID on 6 deepwater projects
Sopuruchi Onwuka International oil companies that hold substantial reserves in the Nigerian deepwater basin will ink landmark final investment decisions (FIDs) on six offshore oil and gas developments by next year, ending over 12 years of activity lull in the…
NCDMB disburses $350m from $300m NCI Fund
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has disbursed significant $350 million or N157.5 billion to various oil service and community contractors involved in providing goods and services to the petroleum industry. The disbursed fund amounting to…
Chevron, partners deliver 72 projects for the Itsekiri
Sopuruchi Onwuka The Itsekiri Oil and Gas Producing /Impacted Communities Development Committee (IPCDC), popularly known as IRDC, has completed and commissioned 72 projects worth over one billion Naira. The projects which were executed under the auspices of the Global Memorandum…
Energy transition is late, behind demand surge ___Avuru
Sopuruchi Onwuka Eminent geologist and petroleum industry investor, Mr Austin Avuru, is not in any panic about the prevailing global indignation against the industry. Instead he is calling on investors to muster funds for investments in meeting rapidly growing demand….
PIA 2021: NCDMB sees accelerated economic development
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has stated that the Petroleum Industry Act (PIA) 2021 will enable the development of host communities, reduce funding pressure on government, boost capacity development in…
COP26: Energy transition confronts oil resilience
Sopuruchi Onwuka The world would in the first week of November be in dilemma with dicey decision on the fate of fossil fuel as high energy prices spark off strong inflationary trends that hurt the economies of the rich industrialized…
Total Energies modifies, upgrades Startupper challenge
Sopuruchi Onwuka French energy multinational, TotalEnergies, has launched the third edition of its business Startupper Challenge which is traditionally designed to encourage, incubate and mentor smart business ideas into sustainable and viable enterprises. Executive General Manager, TotalEnergies Country Services, Mrs…
Investment downturn drains OPEC output capacity
Sopuruchi Onwuka Falling investments in petroleum development and production accounts for inability of key oil producing nations to respond calls from the market for increased supply volumes amidst the prevailing global supply crisis. The Organization of Petroleum Exporting Countries (OPEC)…
NCDMB, Partners underway with dogmas solutions
Nigerian Content soars to 35% 420,000 mmscf/d CPFs for commissioning Sopuruchi Onwuka A slew of based gas projects supported by the Nigerian Content Development and Monitoring Board (NCDMB) might provide unusual resolution to the prevailing domestic gas crunch which has…
NAEC hosts policy debate on Nigeria’s energy future
The apex body of specialized reporters covering the Nigerian energy industry will in the first weekend of November provide a credible platform for industry policy drivers, players and stakeholders to examine the country’s new fiscal landscape and investment outlook. The…
