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IOC Divestment: NLNG diversifies feedgas supply with new GSAs
Sopuruchi Onwuka Following the divestment of its shareholders from oil and gas exploration and production joint ventures that traditionally guaranteed its feedgas, the Nigeria Liquefied Natural Gas (NLNG) Limited has begun diversification of feedstock supplies. Spokesperson, Dr Sophia Horsfall, declared…
Mainpower engages EERC on tariffs suspension
Mainpower Electricity Distribution Limited says it has formally petitioned the Enugu Electricity Regulatory Commission (EERC) over a tariff reduction order which took effect from August 1, 2025. In the petition, dated 14th August, 2025, the electricity supply company is demanding…
PETAN commends Shell on local content support
* Honours Adams with Excellence Award Sopuruchi Onwuka Nigeria’s indigenous petroleum industry services group, Petroleum Technology Association of Nigeria (PETAN), has commended Shell for supporting Nigerian content development. The Nigerian Content policy which is supported by the Nigerian Oil and…
Petroleum players lay proviso for new gas investments
Sopuruchi Onwuka Indigenous and foreign companies in the Nigerian petroleum industry have demanded enhanced operating environment that guarantees commercial returns on invested capital. The players who engaged with government’s agencies and regulators in a webinar on Thursday declared urgent need…
SEPLAT bursts into DomLPG play, hits market with 12,600 MT
Expects 283,000 tons per day from ANOH and Sapele in Q4 Sopuruchi Onwuka Leading indigenous energy company, Seplat, is bringing home the long awaited benefits from the shallow water assets previously operated by ExxonMobil in Nigeria, loading from the Bonny…
ExxonMobil earns NAPE Corporate Impact Award for Research & Development
ExxonMobil in Nigeria has been honored with the Corporate Impact Award for Research & Development at the Nigerian Association of Petroleum Explorationists (NAPE) 50 Golden Jubilee Awards, held at Eko Hotel & Suites, Lagos. The award was presented by Johnbosco…
NNPC/Sahara JV boosts LPG fleet with 40,000 CBM Vessel
Sopuruchi Onwuka WAGL Energy Limited, the special purpose entity for an NNPC Ltd. /Sahara Group Joint Venture, on Monday commissioned 40,000 cubic meters (CBM) Liquefied Petroleum Gas (LPG) vessel, christened “MT Iyaloja (Lagos),” in Ulsan, South Korea. According to a…
Rental economy has failed; Africa must develop with oil income __Avuru
The Chairman of AA Holdings Limited, Mr Austin Avuru, is an eminent geologist who has earned immense experience in oilfield operations, high level executive management, high-risk high-return investments, industry leadership, policy advocacy and investment advisory. Mr Avuru is the founding…
Global oil supply now up by 2.5 mbd in 2025 __Rystad
Sopuruchi Onwuka Supply of crude oil in the global petroleum market is on the rise by 370,000 barrels per day (370kbd) significant 2.5 million barrels per day (2.5 mbd) in 2025, stoking the fears of oversupply and pull on prices…
Putin quenches Trump’s fire in the oil market
Sopuruchi Onwuka All the market sentiments and related price movements associated with high stake peace meeting between President Donald Trump of the United States and Russian President Vladimir Putin went cold after the American president came from the meeting without…
