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COP30 to shift debate from energy transition to energy mix _Lokpobiri
Africa’s $120b worth of oil reserves threatened by climate action Says climate action has hit economic crisis Sopuruchi Onwuka African delegates to the 30th Conference of Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCCC) will not…
AFC enters Canadian market for $100m facility from Findev
The Africa Finance Corporation (AFC) has secured a $100 million, 10-year loan facility from FinDev Canada; marking its first-ever transaction in the Canadian market and FinDev Canada’s inaugural infrastructure financing in Sub-Saharan Africa. The landmark agreement, according to a statement…
Competition closed: Dangote to expand refinery capacity to 1.4 mbd
Targets $55bn annual revenue Sopuruchi Onwuka President of Dangote Industries Limited, Alhaji Aliko Dangote, has announced plans to expand the Dangote Petroleum Refinery from its current capacity of 650,000 barrels per day (bpd) to 1.4 million bpd. He said the…
FIDs Surge: NCDMB to empower 10,000 Nigerians with high-demand skills
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has launched a major Human Capital Development (HCD) initiative that will train more than 10,000 young Nigerians in the top 10 high-demand technical skills required in the country’s oil and…
EU demand surge drives global LNG exports to record high in September
Sopuruchi Onwuka Global exports of liquefied natural gas (LNG) reached a record 34.59 million metric tons in September, driven by surging demand from Europe and higher shipments from producers outside the Gas Exporting Countries Forum (GECF), the forum said in…
Nigeria’s exit from FATF Grey List indicates response, not progress
Sopuruchi Onwuka At this time of prevailing foreign exchange crunch and resilient inflationary trends, Nigeria’s removal from the Financial Action Task Force (FATF) “grey list” could become a crucial catalyst for stabilizing the economy, lowering inflation, and reopening access to…
OTL 2025: PIA, regulations must expand to cover new realities
Sopuruchi Onwuka Evolving market trends and fierce competition associated with the deregulation of the downstream petroleum industry are beginning to expose gaps in the regulations that govern the terms of play in the industry. With the multiplicity of local refining…
AOW:Energy celebrates record shattering debut in Ghana
Nigeria-led AFRIPERF Charter tops conference feats Sopuruchi Onwuka With 25 governments, African Union, Africa Petroleum Producers Organization (APPO), international environmental advocacy groups and other multilateral organizations engaging and shaping policies at the 2025 Africa Oil Week in Ghana, the organizers…
Gov Otu assures CRISPON of commitment to youth inclusion, empowerment
Ani Bassey The Cross River State governor Senator Bassey Otu has pledged his commitment to ensuring youth inclusivity and empowerment in his administration. The governor also tasked youths in the state to make the most of the ongoing Continuous Voter…
Chevron reaffirms commitment to Nigeria’s energy future
Sopuruchi Onwuka Chevron Nigeria Limited has assured the federal government of its commitment to realizing the country’s key aspirations in the petroleum industry, stating that its businesses in Nigeria have been modified to align with the Decade of Gas and…
