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Depthwize Majestic rig: 3 crew members still missing
Sopuruchi Onwuka Seplat Energy Plc has declared that its collaboration with industry stakeholders in the search and rescue of crew men of the capsized Depthwize Majestic rig was yet to account for the three missing persons. Managing Director, Mr Roger…
Comparative data challenges NNPC’s import claims
Sopuruchi Onwuka Market data from S&P Global Commodities at Sea have revealed that Nigeria’s petrol import in May averaged just 205,200 b/d or 32,595,000 liters in May, validating reports by The Oracle Today that the about 70 million liters regularly…
NCDMB lays template for Africa’s resource optimization
Sopuruchi Onwuka Nigeria has continued to provide credible guides to new African petroleum producers on optimization of resource value, empowering industry regulators and political leaders with critical lessons on averting resource curse. The Executive Secretary of the Nigerian Content Development…
Oil prices become stable demand concenrns wane
Brief surge in oil prices rolled to a stop at the weekend after China’s uncertain economic outlook and a large US inventory build up addressed supply concerns. Also, pledge by Iran to increase its oil output proptly wiuped fears that…
Australian LNG workers’ strike propels gas prices
Industrial dispute at liquefaction facilities operated by Woodside Energy Group and Chevron in Australia led to workers’ decision to embark on strike, boosting gas prices as European buyers fear supply disruption. Local news reports hold that the planned strike could…
Golar points at MKII FLNG vessel for NNPC’s Yoho gas project
Sopuruchi Onwuka Liquefied Natural Gas (LNG) facility developer, Golar LNG, is considering two floating liquefaction vessels for proposed development of the Yoho gas field in Nigeria. The Yoho field is currently operated by ExxonMobil’s Mobil Producing Nigeria (MPN) Unlimited with…
NNPC proposes broader collaboration on sustainable energy
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited proposes broad stakeholder collaboration in driving energy sustainability for the country’s development in the face of prevailing energy transition from fossil fuels. Group Chief Executive Officer, Mallam Mele Kyari, also declared…
Gas can lift Africa out of poverty __Farouk Ahmed
Sopuruchi Onwuka Inability of Nigeria and other African countries to harness its huge gas resources into abundant energy is responsible for acute poverty in the continent, the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),…
NCDMB enlists judicial support for NOGICD Act
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) is strengthening its partnership with the judicial officers in the country to guarantee realization of the full economic aspirations of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act…
TotalEnergies acquires Total Eren for €1.5 bn
TotalEnergies has announced full acquisition of Total Eren, its renewable energy partner, and integrating it into its corporate renewables business unit. The €1.5 billion deal entails buying out Total Eren’s other shareholders and increasing TotalEnergies’ stake to 100%. TotalEnergies had…
