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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…
High prices expose oil firms to $500 Bn investment loss
Europe’s renewable power rises 157% to 547 TWh in 2021 Sopuruchi Onwuka Staking huge investments on the back of the soaring oil prices without maintaining steady outlook in energy transition could leave assets worth some $500 billion stranded. Two environmental…
Russian-Ukraine tension opens new LNG market opportunities
As German axe dangles on Nord Stream 2 pipeline project Sopuruchi Onwuka Global gas exporters mainly from Middle East and Africa keenly watch the power play between Western powers and Russia over the security of Ukraine. And precariously located in…
How Reconnaissance popped Namibian oil play
Sopuruchi Onwuka The ongoing exploration campaigns and emerging leads suggest that the international wild cat explorer, Reconnaissance Energy Africa, might have discovered a new petroleum play that could add two African nations into the global petroleum production map. The company…
Climate change: expert questions CO2 storage procedure, energy transition
Sopuruchi Onwuka Carbon capture and storage (CCS), one of the novel technologies that hold promise of diverting industrial emissions to artificial reserves, is yet to address the question of leakages. The question from Professor John Underhill of Heriot-Watt University in…
NCDMB set to host Africa Local Content Investment Forum
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to host the Africa Local Content Investment Forum (ALCIF) next week. The event slated to hold at Eko Hotels and Suits in Lagos will provide a platform…
OPEC to shoot up oil output this year
Sopuruchi Onwuka Cumulative crude oil output by the Organization of Petroleum Exporting Countries (OPEC) will rise by significant 2.7 million barrels per day in 2022, according to the Energy Information Administration (EIA) of the United States. The agency which provides…
