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Oil crunch: European forces mobilizing to reopen Strait of Hormuz
Sopuruchi Onwuka Military hardware from several European countries is being assembled in Cyprus following recent missile and drone attacks by Iran, as the United States and Israel intensify their aerial campaign against the Islamic Republic. The conflict has triggered a…
ExxonMobil’s Esso restates commitment to vendor diversification
WIEN decries low opportunity for women-led businesses Sopuruchi Onwuka ExxonMobil affiliate, Esso Exploration and Production Nigeria Ltd. (EEPNL) has restated its commitment to supplier diversity, inclusive sourcing, and local capacity development within Nigeria’s energy sector. The company which hosted a…
Energy sector should open leadership doors for women — Falcon CEO
Ziggy Ojiegbe The Chief Executive Officer of Falcon Corporation Limited, Audrey Joe-Ezigbo, has urged Nigeria’s energy industry to deepen its commitment to appointing women to top leadership positions, particularly across the gas value chain, as the sector marks International Women’s…
FG unveils GAMCO to unlock 1,600MW of stranded power
Sopuruchi Onwuka The Niger Delta Power Holding Company (NDPHC) Plc and other players in the Nigerian upstream power sector will soon find enhanced access to the high demand domestic electricity supply market following moves to establish a special purpose entity…
Asia’s EV Revolution Accelerates on Iran War Oil Shock
Ziggy Ojiegbe The shift from internal combustion engine vehicles to electric vehicles (EVs) across Asia is gaining fresh momentum as fuel prices surge following the war in Iran, which has rattled global oil markets. Southeast Asia, where the transition to…
UN seeks global rules for lithium, cobalt mining boom
Ziggy Ojiegbe The United Nations has called for fairness and sustainability in the global competition for critical minerals such as Lithium and Cobalt, which are essential for the transition to a low-carbon global economy. The issue is expected to take…
Fuel price jump looms as crude price hits $90/b on Strait of Hormuz closure
Sopuruchi Onwuka Nigerians should brace fuel price jumps as crude oil prices in the international market continues rise on the back of worsening military confrontations among parties and interests in the prevailing Iran war. Oracle Intelligence reports that crude oil…
Dangote Refinery indicates further price hike
Explains why it hiked fuel price again Sopuruchi Onwuka Indigenous transportation fuel producer, Dangote Refinery, which increased the price of petrol by N100 per liter to about N939 per liter has indicated possibility of further price hike, pointing at fears…
NCDMB’s 204 room Radisson Hotel and Conference center ready by December
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) is working with key private sector partners to commission a 204-room hotel and conference center near its headquarters in Yenegoa, Bayelsa State. The agency which is currently developing capacity for…
War in Iran: Qatar Energy declares force majeure on LNG production
Ziggy Ojiegbe World’s leading exporter of liquefied natural gas (LNG), QatarEnergy, has declared force majeure to buyers on Wednesday after Iranian attacks on the country. The announcement came two days after the company halted production at the country’s main site….
