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FG lays frameworks for innovation in petroleum industry
Sopuruchi Onwuka With the global movement for energy transition driving massive divestment of brownfield and medium value assets by multinational oil firms in Nigeria, government have started laying strong foundation for local technical capacity development to position indigenous companies to…
OML 11: Ogoni leaders, NPDC agree to wipe Shell’s footprints
Sopuruchi Onwuka The people of Ogoni land in Rivers State and the management of the Nigerian Petroleum Development Company (NPDC) have agreed to adopt a new operating model for oil and gas exploration and production in the area which hosts…
OML 11: Shell dares FG at Supreme Court
Sopuruchi Onwuka Shell Petroleum Development Company (SPDC) Nigeria Limited is pressing ahead with contest over operating right on the Oil Mining Lease (OML) 11 onshore Niger Delta, brushing aside advice by the Nigerian National Petroleum Corporation (NNPC) to cease fighting….
OPEC congratulates Buhari on unlocking oil investments
Sopuruchi Onwuka The Organization of Petroleum Exporting Countries (OPEC) has described the eventual legislative passage and presidential assent of the highly awaited Petroleum Industry Bill (PIB) as a significant milestone for Nigeria’s oil industry and an historic achievement for the…
‘OPEC+ still positioned for oil market intervention’
Sopuruchi Onwuka The league of world’s key petroleum producers hosted in the Organization of Petroleum Exporting Countries (OPEC) and its non-member allies are still positioned to apply supply modulation mechanisms in protecting vulnerable economies from oil market shocks as the…
COVID sparks search for effective malaria vaccine
Sopuruchi Onwuka Riding on a wave of successes in rapid development of vaccines for the dreaded coronavirus disease, a number of global pharmaceutical giants have reactivated processes for research and development in production of vaccines that would also build human…
Downstream oligopoly strives against PIB
Sopuruchi Onwuka The ancient demon that causes scare in government’s failing attempts at commercial deregulation of the domestic fuel market appears to have crept in the Petroleum Industry Bill (PIB); the omniscient legislation conceived to resolve all fiscal, regulatory and…
