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G7 ministers demand China to resolve Taiwan dispute peacefully
The foreign ministers of the Group of Seven (G7) nations called on China on Wednesday to resolve tension around the Taiwan Strait in a peaceful manner. The comments come after China demonstrated its outrage over a visit to Taiwan by…
Capacity crunch: OPEC+ squeezes additional 100 kbd output
The world’s major oil producers hosted in the Organization of Petroleum Countries (OPEC) and its nonmember coalition countries will increase their controlled oil output by only 100,000 barrels per day under the its scheduled supply restoration. OPEC and its allies,…
NCDMB prioritizes institutional upgrade in HCD budgets
Commends Total Energies on GTC revamp Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared that government places greater value in developing technical manpower base for the nation’s industrial sector as the most effective way to enhance…
Energy transition stands against SDG-7 goals __Sylva
Africa needs oil money to fund green energy Sopuruchi Onwuka The rising global sentiments against the fossil energy production are pushing back realization of the seventh requirement for global Sustainable Development Goal (SDG-7) of the United Nations. The Oracle Today…
Energy transition: Heritage Oil demands industry players to focus on Nigeria’s need
Sopuruchi Onwuka Players I the Nigerian petroleum industry must work collectively to secure a strong position for Nigeria in the emerging global energy landscape. Chief Executive Officer of Heritage Energy Operational Services Limited (HEOSL), Ado Oseragbaje, who delivered remarks at…
Shell posts $11.5 billion profit
European oil major, Shell, has posted $11.5 billion second-quarter profit smashing, lifted by strong gas trading and a tripling of refining profit, according to agency reports. The company also announced a $6 billion share buyback programme for the current quarter…
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…
