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Nigeria joins D8 move to circumvent forex crunch, energy crises
Following Nigeria’s acute foreign exchange crisis and piling debt, the country has joined seven other developing nations in a strategy move to enhance direct trade and commodity swaps in a desperate bid to overcome prevailing foreign exchange crisis. The alliance…
OPEC+ posts 2.84 mbd underproduction in June
Sopuruchi Onwuka Hopes that the Organization of Petroleum Exporting Countries (OPEC) and its coalition members can rapidly rise to the challenge of supply gaps in the international oil market is beginning to fade as gaps between the groups output projections…
Nigeria adds 50,000 b/d oil output from Total’s Ikike Field
Sopuruchi Onwuka Nigeria’s sagging oil production capacity got a new verve of 50,000 barrels per day after French energy multinational, TotalEnergies, brought operated Ikike oilfied development online. Ikike field commissioning would be a continuation of string of developments by TotalEnergies…
APPO visits NCDMB, NOGaPs, seeks collaboration in capacity building
A delegation from the African Petroleum Producers Organization (APPO) has paid a two-day study visit to the headquarters of the Nigerian Content Development and Monitoring Board (NCDMB). Part of the facilities inspected during the visit includedthe 17-storey Nigerian Content Tower…
Divestment presents opportunity for indigenous capacity growth -– Seplat
In this era of divestments by the International Oil companies (IOCs) from Nigeria, indigenous energy companies with the right competences and wherewithal are natural partners to government in the quest to harness oil and gas assets, the Chief Executive Officer,…
NCDMB commends Caverton on integrated offshore support service
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has lauded Caverton Offshore Support Group on its growth towards being a fully integrated offshore support company in Sub-Saharan Africa. Engr. Wabote spoke through…
Valuechain hosts 5th annual lecture, advocates full scope Nigerian Content policy
Sopuruchi Onwuka Industry magazine, Valuechain, will on Monday host industry players and stakeholders to a policy debate which seeks to expand the gains of the Nigerian Content policy from the petroleum industry to others sectors of the Nigerian economy. The…
Fuel scarcity hits airlines, shatters flight schedules
*Operators warn passengers against violence, vandalism Sopuruchi Onwuka Players operating airlines in the Nigerian aviation industry have notified passengers and other patrons to expect disruptions in flight schedules and other routine services following acute scarcity of the aviation turbines kerosene…
Shell’s Okunbor takes Alirio Parra Lifetime Achievement Award
The Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria (SCiN), Mr. Osagie Okunbor, has been named the sole recipient of the H. E. Dr Alirio Parra Lifetime Achievement Award…
S. Arabia can’t violate OPEC quota, ministers tells Biden
Sopuruchi Onwuka, with agency reports The Kingdom of Saudi Arabia is committed to output decisions of the members of the Organization of Petroleum Exporting Countries (OPEC) and its coalition producers, officials affirmed to the visiting President of the United States…
