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Elon Musk halts processes for Twitter acquisition deal
Technology entrepreneur, Elon Musk, has put his $44-billion deal for Twitter acquisition “temporarily on hold” while he awaits data on the proportion of its fake accounts. Musk’s flag on the acquisition deal reportedly affected the shares of the micro-blogging platform…
Oil market to be jolted by European demand shift
Sopuruchi Onwuka Demand shift expected from looming drop in the European consumption of Russian oil will in the week begin to reshape forces in the market, and probably propel a new direction in prices. According to the International Energy Agency…
Judges receive 107 entries for 2022 NLNG Science Prize
The panel of judges for The Nigeria Prize for Science has received theentriesfrom scientists worldwide for the 2022 edition, signalling the commencement of the race to find a winner with the best scientific or research work on the theme “Innovations…
Eni dims Nigerian investment, emphasizes carbon neutrality
Sopuruchi Onwuka Italian multinational energy firm, Eni, has confirmed a shift in its business focus which entails diverting significant proportion of the company’s investments on incremental basis from fossil intensive to agro-biofuel and renewable energy production. The company’s new business…
Why AON called off planned service withdrawal
Sopuruchi Onwuka Airline operators in Nigeria is awaiting the outcome of fresh round of dialogues with government officials and fuel market players to determine whether to proceed with its planned withdrawal of services to protest aviation fuel crisis in the…
Time for Nigerians to recover oil wealth from bandits
Sopuruchi Onwuka The recent fire explosion at an illegal refinery near oilfields in Imo State which claimed over 100 youths illustrate the scale of havoc criminal enterprises wreak on the Nigerian petroleum industry and the implicit plague on the Nigerian…
NCDMB pools $40m credit facility for oil women
Women entrepreneurs in the Nigerian oil and gas industry can break barriers by taking advantage of the $40m fund created specifically for them under the Nigerian Content Intervention Fund (NCI Fund), the Executive Secretary of the Nigerian Content Development and…
Seplat to accelerate growth with MPN acquisition __Brown
Divests Ubima interest for $55 m Earns N100.6 bn revenue, N48.8 bn profit Sopuruchi Onwuka Indigenous multinational independent energy firm, Seplat, has declared that its proposed acquisition of Mobil Producing Nigeria Unlimited (MPNU) remains on course and awaits regulatory approval….
NNPC to begin AKK pipeline gas delivery by March, 2023
The Board of the Nigerian National Petroleum Company Limited (NNPC) has expressed satisfaction with the progress of work done on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project and believed that the first Quarter 2023 target for delivering it will be met….
IOC divestment opens new investment opportunities – Wabote
The ongoing disruptions in the international energy industry present a unique opportunity for the Nigerian oil and gas industry to attract new set of investments and serve as one of the leading production hubs to meet global energy needs. The…
