Skip to content
Oil market sustaining price surge despite energy transition
Sopuruchi Onwuka Global energy analysts and industry leaders push strong opinions that crude oil prices would sustain its current strength despite pointers to geopolitical tension and cold weather in northern hemisphere which are traditional transient drivers. Industry consultancy groups, opinion…
Energy Transition: $36.3 bn investments drive global hydropower to 1200 GW
Sopuruchi Onwuka The global hydropower generation is to hit significant 1,200 gigawatts (GW) for the first time by the end of 2022 when investments in the industry is also expected to reach monumental $36.3 billion, as countries increasingly explore suitable…
Methanol-laden petrol: Buhari directs Sylva to query NMDPRA boss, as agency identifies source supplier
Sopuruchi Onwuka President Muhammadu Buhari has waded into the bad petrol controversy, directing the Minister of State for Petroleum Resources, Chief Timipre Sylva, to query the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk…
Oilfield explosion toll rises: 4 crewmen still missing, 3 dead, 3 alive
Sopuruchi Onwuka Number of fatal casualties in the vessel fire blast at Ukpokiti oilfield in the Escravos area offshore Delta State has risen to three as anxiety mounts over the fate of four crewmen still unaccounted for. It also became…
Ukpokiti oil blast: Three crewmen found alive, 1 unknown man dead
Sopuruchi Onwuka Four days after the fire explosion at the shallow water Ukpokiti oilfield, three crew members of the floating production, storage and offloading (FPSO) vessel, the Trinity Spirit, have been found alive in a local community in the Escravos…
Oil vessel blast: SEPCOL still searching for missing crewmen
Sopuruchi Onwuka Shebah Exploration & Production Company Ltd (SEPCOL) has declared formal investigation into the whereabouts, safety, and security of the ten crew members who were on board operated production vessel which exploded in fire and burnt down last Wednesday….
SEPCOL, NURC confuse vessel in Ukpokiti Field Explosion
Sopuruchi Onwuka Definition of the vessel involved in the fire explosion at the Ukpokiti field, offshore Western Niger Delta has become the subject of confusion between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Sheba Exploration and Production Limited (SEPCOL)….
(video): 10 crewmen missing in FPSO Trinity Spirit explosion
Sopuruchi Onwuka Shebah Exploration and Production Company Limited (SEPCOL) has declared intense efforts at accounting for 10 crewmen who were aboard operated production vessel which exploded in fire and burnt down Wednesday morning. Chief Executive Officer, Ikemefuna Okafor, stated that…
OPEC+ assigns Nigeria 1.718 mbd output in March
Keeps production rate in lane Sopuruchi Onwuka Nigeria is to pump her crude oil grades to the international markets at daily rate of 1.718 million barrels (1.718 mbd) in March, according to the new production quota released by the 23…
Updated: FPSO goes boom, burns down at Escravos
Sopuruchi Onwuka Nigeria may relapse into petroleum production downturn once more with today’s incident in which a floating production, storage and offtake (FPSO) vessel suffered a blowout and sank into shallow water, offshore Western Niger Delta. The 50 year old…
