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Divestment: NUPRC tidies up $400m abandonment obligations
Clears 94 decommissioning plans Sopuruchi Onwuka Regulator of the Nigerian upstream petroleum industry has declared that it has worked the details of oilfield decommissioning and abandonment obligations among old players that divested their stakes and new players that acquired the…
NUPRC reports drastic cut in production losses, indicts oil firms
Millions of barrels still unaccounted for Sopuruchi Onwuka Nigeria’s upstream petroleum industry regulator has opened the window into the struggle to recover the country’s petroleum liquids output from thieving vandals and dubious players, indicating unfortunately that while significant progress has…
IEA cancels Peak Oil forecast, extends petroleum dominance by 25 years
Sopuruchi Onwuka Earlier predictions by the International Energy Agency (IEA) and similar analysts that oil and gas demand was crumbling under the weight of global campaign for energy transition and climate action are now facing a review to adjust them…
OPEC+ stokes oversupply fears with 137,000 new barrels
Sopuruchi Onwuka Members of the Organization of Petroleum Exporting Countries and nonmember allies (OPEC+)are billed to pump in significant 137,000 barrels per day of new supply into the increasingly bearish oil market, heightening concerns that possible supply surge would dilute…
Renaissance, Navy strike collaboration to safeguard oil assets
Sopuruchi Onwuka Renaissance Africa Energy Company (RAEC) Limited says it is in partnership with the Nigerian Navy to strengthen maritime security and support improved crude oil and gas production across the company’s operational assets in the Niger Delta. The two…
NLNG deploys AI for enhanced safety, business performance
Sopuruchi Onwuka Africa’s leading natural gas exporting company, the Nigeria Liquefied Natural Gas (NLNG) Limited, has declared adoption of artificial intelligence (AI) in its operations as critical lever in delivering on the mandate of efficient and sustainable energysupply. Deputy Managing…
Clean cooking: Smart Energies shops gas subsidy partners
Sopuruchi Onwuka Indigenous gas company driving penetration of clean cooking fuel in the country, Smart Energies, is calling for enhanced collaboration with advocates, agencies and corporate institutions in making liquefied petroleum gas (LPG) affordable to poor homes in the country….
Kachikwu canvasses $1bn pan-industry NCI Fund
Recommends timeline for field development projects Sopuruchi Onwuka Former Minister of State for Petroleum Resources, Prof. Emmanuel Ibe Kachikwu, has canvassed that the $450 million Nigerian Content Intervention Fund (NCI Fund) be increased to $1.0 billion, to cover the funding…
African local content policies must complement, not negate ACFTA vision
Nigerian oil independents are technically capable, but poorly funded Dr. Emmanuel Okoroafor, erudite and practiced, sits on the board of one of Nigeria’s fasted growing integrated energy companies, Hobark International Limited, as Executive Director. With over 30 years of vast…
Rising LNG demand forecast comes with oversupply risks _Woodmac
Sopuruchi Onwuka Global demand for cleaner energy and the recognition of natural gas as clean fossil fuel continue to present strong commercial incentives for greater investments in gas liquefaction; but experts point at looming danger of oversupply and consequent pull…
