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Stellantis to diversify into low altitude aviation
Stellantis NV, the global auto-making company that owns Jeep, Ram and other well-known car brands, is getting into the aircraft-manufacturing business, striking a deal with Archer Aviation Inc. to help it build an electric flying taxi. The two companies said…
Shell defies LNG woes, posts bullish gas income
Shell Plc said its gas-trading earnings were “significantly higher” in the final three months of 2022 as the unit previously run by the company’s new boss overcame some of the challenges encountered earlier in the year. The update published on…
Russian oil shock is wearing out as prices settle as pre-war levels
The energy crisis created by Russia’s invasion of Ukraine and the associated jumps in oil and gas prices are all calming down to normal even as the oil transaction currency, the dollar, is also shedding influence as the market heals….
Xpeng Aeroht’s $140,000 car can fly over traffic jams
Sopuruchi Onwuka, with agency reports Chinese tech upstart, Xpeng Aeroht, is underway with an electric vehicle that could fly across traffic jams and other bad spots; making the product a unique vehicle that would operate in the road transport and…
Gas man in the Decade of Gas: Aka Nwokedi drives NGA into 2023
Sopuruchi Onwuka As his entire life continues to swirl in the world of petroleum gas, Mr Akachukwu Adeyinka Nwokedi enters the new year with a new role that will properly define him as a complete gas man who will lead…
Big oil, global experts rally support for 24th WPC
Sopuruchi Onwuka Country organizing committee for the triennial World Petroleum Congress has declared massive industry and government support for the 24th edition of the global industry confab slated for Calgary, Canada in 2023. Media statement available to The Oracle Today…
Fuel scarcity: Market players blame government
*MOMAN pledges enhanced distribution for yuletide Sopuruchi Onwuka Key stakeholders in the Nigerian petroleum market have blamed the prevailing fuel supply instability in the country on regulatory failure, infrastructure obsolescence, acute foreign exchange crunch and lack of resource accountability by…
Decade of Gas: NGA tasks government to focus on targets
Sopuruchi Onwuka Federal government’s Decade of Gas programme must accelerate activities that would deliver the full objectives of the agenda within the specified period of 10myears in order to be successful. And the only way to realize the full national…
Nigeria’s crude oil production resurging to capacity
Sopuruchi Onwuka The Nigerian petroleum industry is gradually pushing up its hydrocarbon liquids production after government and security agencies began collaboration with private community based security agencies to arrest massive stealing from flowlines. Group Chief Executive of the Nigerian National…
Nigeria is trapped between energy poverty, climate impact __NNPC
The twin impacts of energy poverty and climate change have wedged Nigeria between conflicting needs for decarbonisation and energy security through technologies that deliver both simultaneously. The Nigerian National Petroleum Company Limited declared at the Practical Nigerian Content (PNC) Forum…
