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G20: Rich nations begin early donation to IDA fund replenishment

Tinubu positions Nigeria on the beggar side Sopuruchi Onwuka The world’s leading nations weekend began early pledges towards contribution of over $125 billion dollars that would form the pool of funds from where the World Bank and its development finding…

NCDMB to sustain innovation collaboration with Triple Helix

Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has signaled plans to sustain collaboration with Triple Helix on research and development projects to maintain a steady stream of new knowledge in the Nigeria’s hydrocarbon industry. The local content…

NLNG presents PIC FUEL business case for Nigeria’s climate agenda

FG to save $140 bn on transition budget, displace diesel import by $8 bn Sopuruchi Onwuka The introduction of the PIC-FUEL technology for Nigeria’s industries brings game changing potentials that, when adopted through efficient regulations, would advance greenhouse gas emission…

NLNG converts over 80 Tcf of flare gas to economic value

Sopuruchi Onwuka Africa’s largest liquefied natural gas exporter, the Nigerian LNG Limited, has led the country’s flare gas commercialization with harnessing and monetizing over 80 trillion cubic feet of gas to generate billions of dollars, thousands of jobs and innumerable…

Bid round: NUPRC pledges congenial regulatory, fiscal environment

Sopuruchi Onwuka Federal government has assured investors participating in the country’s 2024 licensing round for oil blocks that the processes have crossed significant stages, promising that new investors in the nation’s petroleum pay are guaranteed attractive operating terms. According to…

At 35, NLNG redefines the future with new logo

Sopuruchi Onwuka With unveiling of a new corporate logo, the Nigeria Liquefied Natural Gas (NLNG) Limited weekend declared a new vision for its business operations and social investments after 35 years of incorporation, 25 years of operations and 20 years…

Market crisis: Players call for pan-industry collaboration on local refining

Sopuruchi Onwuka Players in the Nigerian petroleum industry have restated the need for stakeholders’ collaboration as private investors reinvent the country’s petroleum refining industry after over 40 years of deleterious importation boom that depleted the nation’s foreign exchange reserves, worsened…

Africa to continue hosting oil investments despite climate activism __ Mantashe

Sopuruchi Onwuka Government of South Africa has called on petroleum players across the world to extend their exploration to the nation’s prolific hydrocarbon basins, assuring that Africa still remains relevant to global energy supply despite disruptions from climate activists. In…

Inflation: FG must restore global confidence in economy, Naira __Dickerman

Dangote Refinery can’t tame fuel prices Sopuruchi Onwuka The activation of the highly anticipated Dangote Refinery will not bring any significant price relief to consumers of petroleum products in the country because of the overall inflationary trends that trigger price…

NCDMB, Ghana Commission enter Local Content deal

Urges collaboration among African oil service firms Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday struck collaboration with the Petroleum Commission of Ghana (PCG) on developing and deepening local content regulations in Ghana’s upstream petroleum sector….