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NMDRA demands more refining, petrochemicals investments
As NCDMB holds maiden midstream summit Sopuruchi Onwuka The Nigerian Midstream and Downstream Regulatory Authority (NMDRA) is advocating greater investments in crude oil and gas processing in order to curb gross financial mismanagement domestic fuel supplies. The development runs in…
MPN divestment: Why NNPC shook the table
Sopuruchi Onwuka Inability of the highly anticipated acquisition of Mobil Producing Nigeria (MPN) Unlimited by leading indigenous independent firm, Seplat Energy Plc, to scale initial ministerial assent amplifies the new hard-line position of the Nigerian National Petroleum Company (NNPC) Limited…
EU maps out $300 bn roadmap to ditch Russian energy
The European Union’s executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more efficient use of fuels and…
Ukraine War: Russian gas may permanently cede global market niche
Sopuruchi Onwuka Russia will likely be shut out permanently from global energy markets once Europe can operate without the country’s oil and gas, and Australian gas liquefaction and export industry is taking position to fill gaps in countries switching supplies…
Climate researchers demand 50% fossil energy output shut
Sopuruchi Onwuka New findings by researchers suggest that world governments and institutions should immediately stop nearly 200 new petroleum development projects and divert over $300 billion industry budget towards accelerating energy transition from fossil. The new study, coauthored by Greg…
NCDMB takes capacity building to midstream with a summit
Sopuruchi Onwuka THE Nigerian Content Development and Monitoring Board (NCDMB) has declared intention to open opportunity platforms that would expose the rising potentials for commercial investments in oil and gas processing. Executive Secretary, NCDMB, Engr. Simbi Kesiye Wabote, said the…
Trump thrashes Elon Musk’s Twitter deal; Tesla CEO on $1 bn leash
Sopuruchi Onwuka For the one billion dollar breakup fee tied to the acquisition deal between Elon Musk and Twitter, the transaction would have crumbled. And former President Donald Trump of United States warns that it is still a bad deal…
Elon Musk halts processes for Twitter acquisition deal
Technology entrepreneur, Elon Musk, has put his $44-billion deal for Twitter acquisition “temporarily on hold” while he awaits data on the proportion of its fake accounts. Musk’s flag on the acquisition deal reportedly affected the shares of the micro-blogging platform…
Oil market to be jolted by European demand shift
Sopuruchi Onwuka Demand shift expected from looming drop in the European consumption of Russian oil will in the week begin to reshape forces in the market, and probably propel a new direction in prices. According to the International Energy Agency…
Judges receive 107 entries for 2022 NLNG Science Prize
The panel of judges for The Nigeria Prize for Science has received theentriesfrom scientists worldwide for the 2022 edition, signalling the commencement of the race to find a winner with the best scientific or research work on the theme “Innovations…
