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New facts emerge on NNPC operations, record profit claim confirmed
Fresh facts emerging from the operations of the NNPC Ltd. have provided new insight into the activities of the company, affirming that the firm actually made a whopping profit of N674.1 billion in 2021.The latest facts appear to contradict some…
Seplat cites operating terms, domgas pricing as investment baits
Sopuruchi Onwuka Nigeria must offer attractive operating terms and reform the domestic gas market in order to attracts the required level of commercial investments in revving up activity and delivering prime economic aspirations in the petroleum industry. Managing Director of…
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…
