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OPEC+ ministers meet as demand outlook dips
Sopuruchi Onwuka Ministers from the Organization of Petroleum Exporting Countries and its coalition members hosted in OPEC+ are scheduled to meet on March 2 to confirm additional output by 400,000 bpd in April. The meeting comes amidst outlook that global…
Barkindo: Oil demand outlook command $11.8 trn investment
Sopuruchi Onwuka The need to bridge supply gaps emerging from medium to long term energy demand outlook requires significant $11.8 trillion petroleum industry investment in building capacity for production of additional 77 million barrels of oil equivalent (mboe) in the…
Climate change: Nigeria to sustain dual energy policy
Sopuruchi Onwuka President Muhammdu Buhari has restated the resolve of the Nigerian government to drive dual energy policy of remaining a major source and consumer of fossil energy while aligning with the global trend for energy transition. President Buhari whose…
IPPG demands enhanced operating environment
Sopuruchi Onwuka The indigenous petroleum producer group has called on the government to arrest worsening security and safety issues that have traditionally bedeviled the Nigerian upstream oil and gas industry operations. Chairman of the Independent Petroleum Producers Group, Mr Abdurasaq…
Wabote charges African producers to finance projects with oil windfall
Sopuruchi Onwuka African petroleum producers have the opportunity under the prevailing oil price strength to forge contributory funding schemes that would pool financing for new oil and gas development projects in the continent. Nigerian Content Development and Monitoring Board (NCDMB)…
Fuel Scarcity: NNPC battles distributions logistics
Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited has called on Nigerians to be patient in the face of lingering fuel shortages, assuring that it was battling logistics challenges affecting efficient distribution of petrol in the country. Group General Manager…
Nigerian Content Fund exceeds $500m
Sopuruchi Onwuka The Nigerian Content Intervention (NCI) Fund has exceeded half a billion dollars, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. He spoke recently at the Sub-Saharan African International Petroleum…
Seplat to become major producer with MPN’s assets
ExxonMobil joins deepwater migration Sopuruchi Onwuka Indigenous independent energy firm, Seplat Energy Plc, is on track to finalizing the much awaited acquisition of shallow offshore production assets of Mobil Producing Nigeria (MPN) Unlimited, positioning it to become a major hydrocarbon…
NCDMB, NGC comission NEDOGAS’ 300 MMscfd KGG Facility
Nedogas Development Company Limited (NDCL) has declared completion and commissioning of the Kwale Gas Gathering and Injection facility in Delta State. The project located in Umusam, near Kwale, holds capacity for handling significant 300 million standards cubic feet of gas…
NCDMB, ITF train 100 youths
Sopuruchi Onwuka Hundred Nigerian youths have commenced training in the vocational skills programme sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and facilitated by the Industrial Training Fund (ITF). The training covers eight skills areas, and they include…
