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Peter Obi now a Labour Party’s presidential aspirant
Sopuruchi Onwuka Erstwhile frontline presidential contender and running mate to Atiku Abubaker in the 2015 presidential polls, Mr Peter Obi, is now seeking the candidacy of the Labour Party (LP) to enter the contest in the 2023 presidential polls. The…
Modular refiners post outlook for 146,000 b/d
NCDMB facilitates 21,500 b/d capacity Sopuruchi Onwuka Nigerian Content Development and Monitoring Board (NCDMB) has successfully facilitated the development and streaming of four small scale refineries in the country, creating a commercial pathway for potential internal modular refining capacity for…
NCDMB lauds Temile/Hyundai deal to Build New LPG Vessel
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday congratulated an indigenous shipping company, Temile Development Company on the contract signing agreement with Hyundai Mipo Dockyard (HMD) for the construction of a new 23,000 cubic meters Liquefied Petroleum Gas…
NMDRA demands more refining, petrochemicals investments
As NCDMB holds maiden midstream summit Sopuruchi Onwuka The Nigerian Midstream and Downstream Regulatory Authority (NMDRA) is advocating greater investments in crude oil and gas processing in order to curb gross financial mismanagement domestic fuel supplies. The development runs in…
MPN divestment: Why NNPC shook the table
Sopuruchi Onwuka Inability of the highly anticipated acquisition of Mobil Producing Nigeria (MPN) Unlimited by leading indigenous independent firm, Seplat Energy Plc, to scale initial ministerial assent amplifies the new hard-line position of the Nigerian National Petroleum Company (NNPC) Limited…
EU maps out $300 bn roadmap to ditch Russian energy
The European Union’s executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more efficient use of fuels and…
Ukraine War: Russian gas may permanently cede global market niche
Sopuruchi Onwuka Russia will likely be shut out permanently from global energy markets once Europe can operate without the country’s oil and gas, and Australian gas liquefaction and export industry is taking position to fill gaps in countries switching supplies…
Climate researchers demand 50% fossil energy output shut
Sopuruchi Onwuka New findings by researchers suggest that world governments and institutions should immediately stop nearly 200 new petroleum development projects and divert over $300 billion industry budget towards accelerating energy transition from fossil. The new study, coauthored by Greg…
NCDMB takes capacity building to midstream with a summit
Sopuruchi Onwuka THE Nigerian Content Development and Monitoring Board (NCDMB) has declared intention to open opportunity platforms that would expose the rising potentials for commercial investments in oil and gas processing. Executive Secretary, NCDMB, Engr. Simbi Kesiye Wabote, said the…
Trump thrashes Elon Musk’s Twitter deal; Tesla CEO on $1 bn leash
Sopuruchi Onwuka For the one billion dollar breakup fee tied to the acquisition deal between Elon Musk and Twitter, the transaction would have crumbled. And former President Donald Trump of United States warns that it is still a bad deal…
