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Golar points at MKII FLNG vessel for NNPC’s Yoho gas project
Sopuruchi Onwuka Liquefied Natural Gas (LNG) facility developer, Golar LNG, is considering two floating liquefaction vessels for proposed development of the Yoho gas field in Nigeria. The Yoho field is currently operated by ExxonMobil’s Mobil Producing Nigeria (MPN) Unlimited with…
Japa!: Four Nigerian stowaways make surprise landing in Brazil
Sopuruchi Onwuka, with agency reports Four men from Nigeria who hid in the rudder of an ocean going vessel with the hope of reaching Europe ended up in Brazil where authorities gave them a surprise rescue after surviving harrowing two…
Tinubu channels subsidy savings to production incentives, social facilities
N800 bn for SME, agric, CNG transport schemes Student loans, minimum wage, infrastructure funds in package Sopuruchi Onwuka President Bola Tinubu has declared that the present administration of the federal government would deploy funds hitherto used in subsidizing domestic price…
NNPC proposes broader collaboration on sustainable energy
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited proposes broad stakeholder collaboration in driving energy sustainability for the country’s development in the face of prevailing energy transition from fossil fuels. Group Chief Executive Officer, Mallam Mele Kyari, also declared…
Gas can lift Africa out of poverty __Farouk Ahmed
Sopuruchi Onwuka Inability of Nigeria and other African countries to harness its huge gas resources into abundant energy is responsible for acute poverty in the continent, the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),…
CBN’s forex mishap leaves the Naira rolling downhill __EIU
Sopuruchi Onwuka The hasty moves by the current administration of the federal government to dismantle all support instruments installed by the ousted Governor of the Central bank of Nigeria (CBN), Mr Godwin Emefiele, has pushed the Naira into a helpless…
NCDMB to activate Ondo Oil and Gas Park project
Actual construction of a low-cost manufacturing hub for equipment components and spare parts used in the oil and gas industry will start in Ondo State soonest, according to the Nigerian Content Development and Monitoring Board (NCDMB). Located at Ilaje, Ilaje…
Analyst proffer strategies as Tinubu’s policies push millions into poverty
Sopuruchi Onwuka Hopes of reprieve from the new administration of President Bola Tinubu take deeper dive as his early economic measures trigger inflation, stifle earning opportunities and erode values from existing wealth. Since the new government came into effect on…
NNPC boosts federation account with N123 bln
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared remittance of N123 billion to the federation account, enabling the three tiers of government to share N907.054 billion to meet state obligations to citizens in June. NNPC Chief Financial…
NUPRC sets up regulatory against revenue loss
As part of the effort to stop oil theft and illegal financial flows in the country, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the commission has come up with a policy framework that will enhance proper monitoring,…
