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India pointed as Russia sneaks oil export into US
The US has raised concerns that India hid the origin of Russian oil shipped to New York, a top Indian central banker said. Speaking at a recent event in Bhubaneswar, India, Michael Patra, the deputy governor heading monetary policy at…
Aramco, 5 oil majors post $110.9 bn Q2 profit
Sopuruchi Onwuka Five multinational oil majors and one international national oil firm jointly posted whopping $110.9 billion profit in second quarter of the year, amplifying the role of the companies in meeting ever rising global energy demand. The record profit…
FG, electricity workers reach truce, suspend strike
Total national blackout was averted yesterday after the officials of the Ministry of Labour and Productivity engaged electricity workers union in a fruitful negotiation to resolve demands that led to a strike which was capable of pulling down the already…
ExxonMobil-Seplat Deal: When regulator overrides the minister
Sopuruchi Onwuka The sturdy grip of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on the moves by the American multinational petroleum giant, ExxonMobil, to divest its Nigerian affiliate to indigenous independent energy firm, Seplat Energy Plc, has thrown up the…
Large explosions rock Russian military air base in Crimea
Powerful explosions rocked a Russian air base in Crimea and sent towering clouds of smoke over the landscape Tuesday in what may mark an escalation of the war in Ukraine. According to a story by Associated Press, at least one…
China ends military drills around Taiwan
China has declared conclusion of its military drills around Taiwan, deescalating tension in the regions after the visit of top US Congress official, Ms Nancy Pelosi who defied warnings from the Beijing against according the semi-autonomous neighbor a sovereign recognition….
NAEC Conference: Sylva, Kyari, Komolafe,Wabote , Others to Brainstorm on Future of Nigeria Oil Industry amid Energy Transition
The Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, would at the Annual International Conference of Association of Energy Correspondents of Nigeria…
Bonny Light Energy And Offshore Limited pledges supply of 60 m liters of Jet-A1
Indigenous fuel trader, Bonny Light Energy And Offshore Limited, has declared commitment to step into the fuel supply crisis rocking the nation’s aviation industry with solutions that guarantee 60 million liters of the product on monthly basis. According to a…
Axxela retains “A-” corporate credit rating by Agusto & Co
A leading energy solutions providers in Sub-Saharan Africa, Axxela Limited (Axxela), has retained its “A-” corporate credit rating by Agusto & Co. for the second year running. Following a successful corporate rating report, the rating agency affirmed the “A-” rating…
Seplat cleared for $1.6 bn MPNU acquisition
Sopuruchi Onwuka Indigenous energy independent multinational, Seplat Energy Plc, is finally on its way to become a major player in the Nigerian petroleum industry following eventual ministerial approval for the company to proceed with acquisition of a local upstream affiliate…
