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PIA 2021: NCDMB sees accelerated economic development
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has stated that the Petroleum Industry Act (PIA) 2021 will enable the development of host communities, reduce funding pressure on government, boost capacity development in…
COP26: Energy transition confronts oil resilience
Sopuruchi Onwuka The world would in the first week of November be in dilemma with dicey decision on the fate of fossil fuel as high energy prices spark off strong inflationary trends that hurt the economies of the rich industrialized…
Total Energies modifies, upgrades Startupper challenge
Sopuruchi Onwuka French energy multinational, TotalEnergies, has launched the third edition of its business Startupper Challenge which is traditionally designed to encourage, incubate and mentor smart business ideas into sustainable and viable enterprises. Executive General Manager, TotalEnergies Country Services, Mrs…
Investment downturn drains OPEC output capacity
Sopuruchi Onwuka Falling investments in petroleum development and production accounts for inability of key oil producing nations to respond calls from the market for increased supply volumes amidst the prevailing global supply crisis. The Organization of Petroleum Exporting Countries (OPEC)…
NCDMB, Partners underway with dogmas solutions
Nigerian Content soars to 35% 420,000 mmscf/d CPFs for commissioning Sopuruchi Onwuka A slew of based gas projects supported by the Nigerian Content Development and Monitoring Board (NCDMB) might provide unusual resolution to the prevailing domestic gas crunch which has…
NAEC hosts policy debate on Nigeria’s energy future
The apex body of specialized reporters covering the Nigerian energy industry will in the first weekend of November provide a credible platform for industry policy drivers, players and stakeholders to examine the country’s new fiscal landscape and investment outlook. The…
Total’s Pouyanne blames green energy hype for market imbalance
One of the world’s biggest energy companies, TotalEnergies, has declared that too much expectation from renewable energy is responsible for current price woes that have unsettled global economies. Chief Executive Officer of TotalEnergies, Mr Patrick Pouyanne, told secondary sources at…
Energy price surge: IMF warns governments against subsidies
The International Monetary Fund (IMF) has declared that countries will need to invest more in renewable energy to protect against volatility in oil and gas prices The multilateral credit agency on Wednesday also advised governments against floating subsidies as measures…
NCDMB takes manpower development to technical schools
Wants youths productively engaged Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has started delivering renovation and equipment of some technical schools in the Niger Delta as part of its drive to revamp technical and vocational education in…
Seplat powers Oben Cottage Hospital
Sopuruchi Onwuka Seplat Energy Plc declares that it has commissioned the project for power supply to Oben Cottage Hospital from its Oben gas facility at Oben Orhionmwon Local Government Area of Edo State. Spokesman, Dr Chioma Nwachuku, stated that the…
