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Chevron demands business enhancing regulation
Sopuruchi Onwuka American multinational oil company, Chevron, has called on government to deploy the Petroleum Industry Act (PIA) 2021 in promoting fiscal and regulatory arrangements that would make the domestic operating environment more congenial for commercial investments. Chairman and Managing…
NAPIMS rates Shell’s Bonga best in class
National Petroleum Investment Management Services (NAPIMS) has described the deep-water operations of Shell Nigeria Exploration and Production Company Limited (SNEPCo) as best in class. Group General Manager of NAPIMS, the investment arm of the Nigerian National Petroleum Company (NNPC) Limited,…
NCDMB emerges best mda in ease of doing business ranking
The Nigerian Content Development and Monitoring Board (NCDMB)has been adjudged as the best among all Ministries, Departments and Agencies in the country in the latest Executive Order (EO1) performance ranking for Ease of Doing Business from January to June 2022….
Nigeria could play a key role in Europe’s energy transition
Nigeria could be emerging as a key strategic partner to Europe’s energy transition, and the Franco-Nigerian relationship is at its heart. University research subsidies, funds for economic development, corporate partnerships and new refinery contracts are only a few of the…
Germany, Denmark to replace Russian gas with $9 bn island wind parks
Germany and Denmark have agreed on a $9 billion deal to build an offshore wind power project in the Baltic Sea that authorities said would provide enough power for up to 4.5 million households by 2030. According to State of…
Nigerian energy industry is transitioning from multiple fronts _ Oseragbaje
Sopuruchi Onwuka Heritage Energy Operational Services Limited (HEOSL) calls on stakeholders in the Nigerian energy sector to rise to the challenges multiple transitions in the domestic industry. The company which operates the Oil Mining Lease (OML) 30 for Nigerian Petroleum…
Marketers, consumers lay conditions for deregulation
Poverty level too high for costly fuel Sopuruchi Onwuka Stakeholders in the Nigerian downstream petroleum industry have called on government to take convincing steps towards addressing multiple imbalances that unsettle the domestic fuel market, warning that it has become increasingly…
JV divestments: NUPRC owes new investors deal guidelines
Sopuruchi Onwuka Industry response to the raging debate over the approval processes in the acquisition deal between American oil multinational firm, ExxonMobil, and indigenous multinational independent firm, Seplat, appears to raise anxiety about the fate of similar deals under the…
Elon Musk says petroleum needed to sustain civilization
Inventor who is driving electric vehicle innovation, Mr Elon Musk, has declared that oil and gas remain relevant to sustain human civilization. Elon Musk is the Chief Executive Officer of Tesla, the leading global brand in electric vehicle EV and…
NLNG restates commitment to Nigerian Content policy
The management of the Nigeria Liquefied natural Gas (NLNG) Limited has restated the commitment of the company to delivering full economic benefit from all its operations. The company which leads gas export operations in Nigeria pledged that it would drive…
