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NCDMB maps 50m Fund for oil industry manufacturing
Commissions ultra-modern valve assembling plant Sopuruchi Onwuka He disclosed that the NOGAPS Manufacturing fund will soon be launched and will be managed by the Bank of Industry (BoI) to address the identified challenges. The Nigerian Content Development and Monitoring Board…
Bad fuel sailed from same port
Seven firms await “remedial action” Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has stated that seven companies in four consortia for its Direct Supply and Direct Purchase (DSDP) contracts were unable to diversify their imports, leading to syndication…
NNPC posts N100.931 bn export revenue for August ‘21
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared $224.29 million or N100.931 billion receipt from its upstream operations in August 2021, mainly accounting to crude oil and gas export within the period. Group General Manager in charge…
Ford Transit gets EV successor
Ford Motor Company has declared it has started shipping the 2022 E-Transit van, the electric version of the popular Ford Transit cargo van. The roll out would be the first models of Ford’s all-electric cargo van. Although the company is…
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….
