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Ministerial list: Avuru dispels rumours of his appointment as Petroleum Minister
Sopuruchi Onwuka The jubilation in the Nigerian petroleum industry over news of new political appointees in the new administration of the federal government sank into sober quietude when eminent industry persona, Mr Austin Avuru, declared that he could not confirm…
SUV, other prizes won at NCDMB sponsored NOG Golf Tourney
The2023 Nigerian Oil and GasEnergy WeekGolf Tournament sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) took place on Sunday at the IBB Golf Course, Abuja, with one of the players,winning a brand-new 2022 GS3 SUV car, which was…
NCDMB, NLNG activate E-Marketplace for business opportunities
Affirms Board’s mandate to support local companies Capacity growth driver in the domestic petroleum industry, the Nigerian Content Development and Monitoring Board (NCDMB) has launched the business opportunity dashboard for all qualified players in the sector. Executive Secretary, Engr. Simbi…
Geometric brings 188 MW plants online by August
Sopuruchi Onwuka Leading captive power provider, Geometric Power Limited, is perfecting processes to commission its 188 megawatts generation plants in Aba, Abia State, where the company also operates its electricity distribution concession. Chairman of the company, Professor Barth Nnaji, declared…
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…
