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2021: Crude oil ruled commodity markets
Sopuruchi Onwuka Despite the vigorous push by the advanced industrial nations and environmental activists in 2021 to accelerate transition of demand from fossil fuels to greener renewable energy, petroleum commodities maintained strong market resilience in both demand and price. In…
OPEC: Barkindo to bow out as Sec Gen in August
Sopuruchi Onwuka Nigeria’s oil diplomacy maestro, Dr Mohammad Sanusi Barkindo, who has functioned as the Secretary General of the Organization of Petroleum Exporting Countries (OPEC) since 2016, will serve out his tenure this July and yield the position to newly…
Reasons why oil majors are leaving Nigeria
Sopuruchi Onwuka Key issues bordering mainly on the congeniality of business environment form the major reasons why Nigeria’s traditional petroleum industry partners are scaling down their businesses in the country in a move that have clearly indicates eventual exit from…
‘Lagos pipeline blast will not affect fuel supply’
Sopuruchi Onwuka A pipeline explosion at Iyana Odo area of Lagos State which has led to the shutdown of the critical System 2B fuel supply trunk line of the Nigerian National Petroleum Company (NNPC) Limited will not lead to shortage…
NNPC earns N203bn fuel income in July
Gas production rises by 4% A total sum of ₦203.73billion was made on the sale of white products in the month of July 2021 by the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the Nigerian National Petroleum Company…
Defamation: Oil industry group demands justice for Wabote
Sopuruchi Onwuka An association of indigenous petroleum players in the country have risen in support of the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, in his demand for justice over defamatory publication by…
Ampo Poyam partners NMT for African operations
Sopuruchi Onwuka Nigerian Machine Tools (NMT) Limited may have become early runners in the diversification of Nigerian Content policy across key sectors of the Nigerian economy as it strikes a major partnership deal with Spanish equipment component producer, Ampo Poyam…
Pfizer claims a hit at Omicron
Pharmaceutical firm, Pfizer, has declared that a third shot of its vaccine provides robust protection against the Omicron variant of the coronavirus, according to agency reports. Chairman and Chief Executive that even if the new strain is more transmissible, Albert…
Local Content: Butane Energy’s LPG plant opens in Katsina
Butane Energy Limited, one of the gas based business supported with equity investment by the Nigerian Content Development and Monitoring Board (NCDMB) has opened its 100 metric tonnes Liquified Petroleum Gas (LPG) Storage and Bottling Plant in Kabukawa layout, Katsina…
NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime
Apex professional body responsible for the promotion and protection of the interests of the gas industry in Nigeria, NGA holds industry forum to explore opportunities for gas in Nigeria’s PIA regime. In consonance with the Federal Government of Nigeria’s vision…
