Heirs to inherit over $70trn in 10 years as global poverty worsens
G20 committee demands coordinated response to inequality Sopuruchi Onwuka Descendants of millionaires will inherit over $70 trillion from wealth dynasties in the next 10 years when nearly half of global population is also predicted to increasingly slip into severe food…
Shrinking civic space: WSCIJ calls for rebuilding trust between police and media
Strengthening trust and collaboration between the police and the media has emerged as one of the key recommendations from the 2024 Journalism and Civic Space Status Report, launched by the Wole Soyinka Centre for Investigative Journalism (WSCIJ) in Lagos. The…
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…
More oil coming to market as global 2P reserves hit 1.5 trillion barrels
Global 1P reserves grow by 5Bbbls A total of 1.572 trillion barrels produced in past 124 years Sopuruchi Onwuka The world is not really coming to the end of petroleum consumption as more exploration and production investments achieve significant reserves…
Oida Fireside Chat: Fatona lays model for overcoming local capacity challenges
Sopuruchi Onwuka With crew change becoming imminent in the Nigerian petroleum industry, it has become urgent for independent players to prepare for greater roles in meeting Africa’s long term energy needs. And capacity growth strategies for sustainable petroleum industry operations…
OIDA Fireside Chat: UNOC chief canvasses intra-African energy alliance
Sopuruchi Onwuka The need for collaboration among players in the African energy industry has become urgent in order to join forces in meeting the rising demand associated with the continent’s growing youth and productive population. It is in this line…
WIEN, energy industry execs commit to stronger DEI push
Sopuruchi Onwuka Business leaders and elite professionals on Thursday restated their resolve to continue driving strong advocacy for gender balance in the African energy industry, and also create fair opportunities that enable female professionals grow into the leadership positions in…
NLNG presents PIC FUEL business case for Nigeria’s climate agenda
FG to save $140 bn on transition budget, displace diesel import by $8 bn Sopuruchi Onwuka The introduction of the PIC-FUEL technology for Nigeria’s industries brings game changing potentials that, when adopted through efficient regulations, would advance greenhouse gas emission…
Mistakes in divestment process come with consequences __NUPRC
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for patience of players in the industry over the pending divestment of commercial interest from international oil companies to mainly indigenous independent petroleum companies; warning that any mishap in…
NNPC shops bigger demand for falling gas output
Sopuruchi Onwuka The federal government has activated global investment campaign that flaunts Nigeria’s huge gas supply potentials instead of available capacity for physical volumes; and this has raised concerns in the industry over the tendency to ignore pressing challenges in…
