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MOMAN sees difficulty in inevitable deregulation
Sopuruchi Onwuka The Major Oil Marketers Association of Nigeria (MOMAN) says ending subsidy on Premium Motor Spirit (PMS) is extremely difficult but the Federal Government has no other option in light of current economic realities. MOMAN also called for massive…
Subsidy removal must come with fiscal responsibility, financial prudence _Organized laour
Sopuruchi Onwuka Senior workers union in the country insist that government has not demonstrated any need for austerity measures in the economy, warning that sacrificing the life of impoverished Nigerian masses through planned removal of subsidy on petrol prices would…
NEITI calls for greater resource accountability
Sopuruchi Onwuka Resource watchdog, the Nigeria Extractive Industries Transparency Initiative (NEITI), has stressed the need for greater transparency and accountability in the management of the nation’s mineral resources. The Executive Secretary, Dr Orji Ogbonnaya Orji, declared at the 2022 Strategic…
Chevron demands business enhancing regulation
Sopuruchi Onwuka American multinational oil company, Chevron, has called on government to deploy the Petroleum Industry Act (PIA) 2021 in promoting fiscal and regulatory arrangements that would make the domestic operating environment more congenial for commercial investments. Chairman and Managing…
NAPIMS rates Shell’s Bonga best in class
National Petroleum Investment Management Services (NAPIMS) has described the deep-water operations of Shell Nigeria Exploration and Production Company Limited (SNEPCo) as best in class. Group General Manager of NAPIMS, the investment arm of the Nigerian National Petroleum Company (NNPC) Limited,…
NCDMB emerges best mda in ease of doing business ranking
The Nigerian Content Development and Monitoring Board (NCDMB)has been adjudged as the best among all Ministries, Departments and Agencies in the country in the latest Executive Order (EO1) performance ranking for Ease of Doing Business from January to June 2022….
Nigeria could play a key role in Europe’s energy transition
Nigeria could be emerging as a key strategic partner to Europe’s energy transition, and the Franco-Nigerian relationship is at its heart. University research subsidies, funds for economic development, corporate partnerships and new refinery contracts are only a few of the…
Germany, Denmark to replace Russian gas with $9 bn island wind parks
Germany and Denmark have agreed on a $9 billion deal to build an offshore wind power project in the Baltic Sea that authorities said would provide enough power for up to 4.5 million households by 2030. According to State of…
Nigerian energy industry is transitioning from multiple fronts _ Oseragbaje
Sopuruchi Onwuka Heritage Energy Operational Services Limited (HEOSL) calls on stakeholders in the Nigerian energy sector to rise to the challenges multiple transitions in the domestic industry. The company which operates the Oil Mining Lease (OML) 30 for Nigerian Petroleum…
JV divestments: NUPRC owes new investors deal guidelines
Sopuruchi Onwuka Industry response to the raging debate over the approval processes in the acquisition deal between American oil multinational firm, ExxonMobil, and indigenous multinational independent firm, Seplat, appears to raise anxiety about the fate of similar deals under the…
