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Nigerian is OPEC laggard with $51 per capita oil income
Sopuruchi Onwuka Nigeria sits at the base of the per capital oil income ladder of the Organization of Petroleum Exporting Countries (OPEC), posting paltry $51 income for each of her citizens in the first five months of the year. According…
‘Nigerian petroleum industry is ripe for indigenous crew change’
The upstream petroleum industry is witnessing transition from IOCs to independents. And issues of operating capacity are throwing up disputes. How do you think Nigeria should manage the challenges associated with the emerging crew change? At this stage, I think…
Debts everywhere: NNPC owes oil traders N2.3 trn
Sopuruchi Onwuka The desperate efforts by the new administration of President Bola Tinubu to gain control of the country’s fiscal channels may suffer glitches as more and more debts float to the surface. In addition to the current pile of…
Malaysian oil production hits ceiling at 2.0 mmboed
Sopuruchi Onwuka Oil and gas production from the state of Malaysia will reach the maximum capacity of 2.0 million barrels of oil equivalent per day (MMboed) by next year before maintain a plateau of taking a plunge. The Malaysian national…
E. Guinea posts zero oil export in May
Sopuruchi Onwuka Crude oil export from Equatorial Guinea dropped to zero in the month of May in proportion to the country’s cumulative production in the same month. Market sources quoting tanker tracking Petro-Logistics checked the box for zero export from…
Alaba demolition: Gov Otti lands in Lagos House
Sopuruchi Onwuka The silence of Southeast leaders over the suspected vengeful attrition of Igbo owned businesses in Lagos is not total after all as the newly elected Labour Party governor of Abia State, Dr Alex Otti, stormed Lagos yesterday to…
NLNG renews partners with Rivers govt on healthcare, infrastructural devpt
Nigeria LNG Limited (NLNG) and the Rivers State Government have renewed their commitment to developing healthcare and infrastructure in the State. During a courtesy visit to the Executive Governor of Rivers State, Sir Siminalayi Fubara, NLNG’s Executive Management, Dr. Philip…
Morgan Stanley bursts excitement on Nigerian bonds
Morgan Stanley has dropped its bullish call on Nigeria’s bonds, just as investors were cheering the newly elected president’s overhaul of Africa’s biggest economy, according to Bloomberg. In a note titled “No Longer Pumped,” strategist Neville Mandimika said the bonds…
FG needs $96bn income, $60bn reserves for economic recovery
Sopuruchi Onwuka The new administration if President Bola Tinubu must look beyond oil income to revive the country’s economy which was driven downhill by the past administration of former President Muhammadu Buhari. President Tinubu who has inherited huge official debts…
Deregulation: WIEN endorses market reforms, mobilizes female investors
Aniekan Imeabasi Nigerian female investors and professional s in the energy sector, Women in Energy Network (WIEN), has urged the people to accept the ongoing reforms enunciated by President Bola Ahmed Tinubu’s administration of the federal government as the only…
