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Red Sea crisis builds shipping cost on sailing round Africa
Sopuruchi Onwuka, with agency reports The prevailing security crisis rocking the Middle East and affecting passage of the international merchant navy has continued to push up spot rates across multiple shipping segments, accord reports that quoted traders. The Oracle Today…
Dere Otubu tasks Nigeria-India Business Council on power sector investments
Sopuruchi Onwuka The Chairman, Board of Directors of Eko Electricity Distribution Company (EKEDC), Dr. Dere Otubu has called for enhanced collaboration between Nigeria and India in driving advancements in the energy sector. Dr. Otubu who addressed delegated at a meeting…
Ebereonwu canvasses industry-academia collaboration to close skill gaps
Sopuruchi Onwuka Emerging Nigerian petroleum industry policy analyst, Dr Charles Ebereonwu, has called for effective collaboration between the nation’s industrial sector and the academia in order to deepen innovations that propel economic development of the country. Dr Ebereonwu, who currently…
Axxela joins United Nations Global Compact
Sopuruchi Onwuka Pioneer private sector developer of natural gas distribution pipelines in Nigeria, Axxela Limited (Axxela), declares that it has joined thousands of global corporate operators in promoting sustainability under the United Nations (UN) Global Compact initiative. Axxela is a…
Oil prices climb on strong demand, Middle East crisis
Sopuruchi Onwuka The prices of crude at international commodity exchanges surged on Thursday as the International Energy Agency (IEA) agreed with rival Organization of Petroleum Exporting Countries (OPEC) that global demand for petroleum energy will remain string in the year….
India dumps sanction crippled Russia, shops oil supply in M. East
India dumps sanction crippled Russia, shops oil supply in M. East Sopuruchi Onwuka, with agency reports One of the fastest growing economies, India, continues to take its best options to meet its energy needs amidst the global security and trade…
Dorman Long thanks NCDMB, announces diamond celebrations
Sopuruchi Onwuka Local fabrication company, Dorman Long Engineering Limited, is grateful to the Nigerian Content Development and Monitoring Board (NCDMB) for its rapid growth in petroleum industry operations, saying that the Nigerian Content policy enabled its diversification from construction to…
TotalEnergies puts Ubeta, Perowei projects on the table
Sopuruchi Onwuka French multinational oil major, TotalEnergies, will activate two main projects in the year; putting the Ubeta gas project and the Perowei deepwater development in focus. To fast track the project, the Executive Secretary of the Nigerian Content Development…
Kyari decries theft, vandalism as threats to Nigeria’s energy sufficiency
Sopuruchi Onwuka The Nigerian National Petroleum Company Limited has tasked educational institutions in the country to join forces with the petroleum industry in evolving solutions to challenges that threaten the nation’s energy security. The Group Chief Executive Officer, Mallam Mele…
Maersk braves through Red Sea with 2 US-flagged ships
Maersk has sent two container ships through the Red Sea carrying goods for the United States military and government, according to the Danish company and ship tracking data. Maersk and other large shipping lines have instructed hundreds of commercial vessels…
