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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…
NLNG restates commitment to Nigerian Content policy
The management of the Nigeria Liquefied natural Gas (NLNG) Limited has restated the commitment of the company to delivering full economic benefit from all its operations. The company which leads gas export operations in Nigeria pledged that it would drive…
NCDMB, NLNG deepen partnership on projects, LPG penetration
$5bn Train-7 project to create 50,000 jobs The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquefied Natural Gas (NLNG) Limited will set up a tactical team comprising nominees from both organizations to drive closer collaboration on projects,…
Shell Nigeria Gas deploys firm on domestic gas market survey
Sopuruchi Onwuka Domestic gas supply factor, Shell Nigeria Gas Limited (SNG), has declared engagement of consultants in a far-reaching gas market survey in 33 percent of the states in Nigeria. Shell said in a statement that the survey is to…
U.S. agrees to repatriate further $23m Abacha loot
The United States will turn over to Nigeria $23 million stolen by former military ruler Sani Abacha, but on the condition that the funds must not be re-looted. The US officials on Tuesday signed an agreement on the terms and…
Nigeria mops N12.6 Trn in H1 oil income
Eyes N20.4 trn in 2022 Sopuruchi Onwuka Nigeria has accumulated princely $21 billion or some N12.6 trillion oil income in the first seven months of the year, posting an outlook of significant $37 billion or N20.4 trillion for the year….
NCDMB delivers vocational centre to University of Ibadan
Harps on Technical Education The Nigerian Content Development and Monitoring Board (NCDMB) weekend handed over a newly developed Vocational School to the University of Ibadan for grooming of technical skills for application in domestic industrial sector. The Oracle Today reports…
