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TotalEnergies announces 3 Startupper winners in Nigeria
TotalEnergies Nigeria has in Lagos announced winners of the 3rd edition of the Startupper of the Year Challenge intended to contribute to the development of the local economic environment. With the Startupper challenge, TotalEnergies says it is showcasing its commitment…
Russian war: EU forays Nigeria, OPEC for new oil and gas supply
Sopuruchi Onwuka With the coordinated Western response against the war in Ukraine, diplomats are mounting pressure on key petroleum producing countries to create new channels of supplies to the European countries which traditionally form the biggest customers of Russian oil…
Strong oil prices to accelerate Nigeria’s economic recovery _OPEC
Inflation remains a challenge Sopuruchi Onwuka Nigerian economy which is currently suffering galloping inflation, high unemployment rate and harsh business environment will find relief from anticipated investments in the hydrocarbon industry and improved oil revenue within the year. The Organization…
Chevron wins FIRS tax awards, denies blocking gas to NLNG
Local affiliates of Chevron Corporation in Nigeria, Chevron Nigeria Limited (CNL) and Star Deep Water Petroleum Limited (STAR), have both been honoured by the Federal Inland Revenue Service (FIRS) with top tax compliant organization awards. Corporate spokesman for Nigeria, Mr…
NSML earns SSA’s 1st terminal environmental certification for NLNG
Managers of the Nigeria LNG Limited (NLNG) Bonny Terminal, the NLNG Ship Management Limited (NSML), have earned Ecoport Port Environmental Review System (PERS) certification for its terminal, making it the first certification of its kind in any port in Sub-Saharan…
Selai Gas commissions refill station, gets support from NCDMB
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has applauded Selai Gas Station Limited on the commissioning of its 30 metric tons gas refilling plant located at Agege, Lagos State. Speaking at…
NNPC calls for tougher penal deterrents to oil theft
Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited has called on the government to deploy stronger penal measures against crude oil theft in the country. Group Managing Director, Mallam Mele Kyari, declared that the country has lost over $5 billion…
China rejects cheap Russian oil over Western sanctions
Chinese state refiners are not extending oil deals with Russian suppliers despite the heavily discounted offers in apparent bid to avert Western sanctions, posting gloomy outlook for the Russian economy as its war lingers in Ukraine. The US banned Russian…
Sanctions take $3.6 bn toll on Russia’s March oil income
Russia said Tuesday that state revenue from energy sales in March was $3.6 billion less than it forecast, suggesting the Ukraine war and Western sanctions hit exports. The country’s oil and gas income sank by 38 percent in the month…
Germany seizes control of Gazprom unit
Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard security of gas supply, according to a Bloomberg report. Economy Minister, Robert Habeck, told agency sources that government would limit to…
