Skip to content
AMCON to auction non viable IBEDC to new investors
Sopuruchi Onwuka The Assets Management Corporation of Nigeria (AMCON) has declared intention to auction off the Ibadan Electricity Distribution Company (IBEDC) to a new set of investor to make its operations more viable. AMCON had in January 2022 taken the…
NNPC, NIPCO commission Lekki Power Plant, gas reticulation
Sopuruchi Onwuka Ancient partners in virtual gas supply to unconnected domestic market zones in the country, NIPCO Plc and the Nigerian National Petroleum Company (NNPC) Limited, have announced further expansion of gas distribution to the Lekki Free Trade Zone (FTZ)…
Domgas race: TotalEnergies, Amni to stake $1bn in Ima gas development
Sopuruchi Onwuka French oil multinational with substantial interests in Nigeria, TotalEnergies, has committed to stake princely billion dollars in the development of gas reserves in Amni operated Ima field offshore Niger Delta. According tom hints available to The Oracle Today,…
ExxonMobil’s outlook debunks imminent energy transition predictions
Insists on sustained oil demand till 2050 Sopuruchi Onwuka Frontline global energy company, ExxonMobil, holds strongly that energy transition from fossil fuels may not be very imminent as touted by some industry analysts; pointing at indications that suggest that actual…
Operators to haul out $42 bn for subsea procurements by 2027 __Rystad
Sopuruchi Onwuka Global petroleum industry players are to spend gargantuan $42 billion on subsea production equipments and facilities in the next three years, industry analyst Rysatd Energy has declared. The Oracle Today reports that the huge subsea equipment budget indicates…
Nigeria is not in shoplist as Chinese firms mop foreign assets
Sopuruchi Onwuka China National Petroleum Corporation (CNPC) and its affiliates are working to revive overseas operations with a war chest of about $100 billion open for acquisitions and new operating licenses; but Nigeria is nowhere in the regions the Asian…
Global warming: UN Scribe demands world leaders to end petroleum use
There’s no lifeboat to safety The secretary-general of the United Nations has called on world leaders to phase out oil and gas from their economies and stop new exploration in hydrocarbons. Speaking in Tonga, during a meeting of Pacific Island…
NNPC Vision First Programme: Over 1,000 Lagosians receive free eye care
Sopuruchi Onwuka Over 1000 eye patients in Ilaje and other communities in the Bariga area of Lagos State have received free treatment for different eye defects in the third edition of the Vision First Programme of the Nigerian National Petroleum…
NBA Conference: Seplat’s legal chief urges strong ethics for healthy arbitration
Sopuruchi Onwuka In order to enhance the trust and credibility of the Nigerian arbitration system and make the country a safe arbitration seat, there is the need to drive efficiency, accountability, transparency, competency and ethics in the system. The Director…
Atoms Empowering Africa winners witness nuclear innovations in Russia
In an inspiring showcase of talent and ambition, twenty talented young individuals from across Africa have emerged as winners of Rosatom’s Atoms Empowering Africa competition. This unique initiative offered these future leaders the invaluable opportunity to delve into the latest…
