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‘Nigerian petroleum industry is ripe for indigenous crew change’
The upstream petroleum industry is witnessing transition from IOCs to independents. And issues of operating capacity are throwing up disputes. How do you think Nigeria should manage the challenges associated with the emerging crew change? At this stage, I think…
Alaba demolition: Gov Otti lands in Lagos House
Sopuruchi Onwuka The silence of Southeast leaders over the suspected vengeful attrition of Igbo owned businesses in Lagos is not total after all as the newly elected Labour Party governor of Abia State, Dr Alex Otti, stormed Lagos yesterday to…
Al JabervisitsM-KOPA, identifies SMEs as climate factors
Sopuruchi Onwuka President designate for the 28th meeting of the Conference of Parties (COP28) of the United Nations Convention on Climate Change (UNCCC), Dr. Sultan Ahmed Al Jaber, has declared that small and medium scale enterprises form credible mediums for…
FG needs $96bn income, $60bn reserves for economic recovery
Sopuruchi Onwuka The new administration if President Bola Tinubu must look beyond oil income to revive the country’s economy which was driven downhill by the past administration of former President Muhammadu Buhari. President Tinubu who has inherited huge official debts…
Rungas, NCDMB partner in 3 m/yr gas cylinder production
Sopuruchi Onwuka Indigenous gas cylinder producer, Rungas, will in next 18 months scale up output to over 3.0 million type 3 composite cylinders per annum. General Manager, Tarilate Iyabi, who spoke with The Oracle Today in Yenegoa, Bayelsa State, stated…
Snake Island Port to earn FG N3.6 trn revenue
Sopuruchi Onwuka The development and expansion of the Snake Island Port in Lagos State generate over $5.2 billion or N3.6 trillion in revenues for the government of Nigeria under a project outline that commands princely $1.85 billon private investment. The…
Nigerdock to invest N700 bn in Snake Island Port
Sopuruchi Onwuka Nigeria’s leading maritime and logistics company operating an integrated port and free zone in Lagos, Nigerdock, is working out detail of fresh investment that would transform the Snake Island into a robust quayside. The new wharfs would provide…
NOGOF: Industry leaders commit to gender diversity
Sopuruchi Onwuka Operating companies and policy drivers in the Nigerian petroleum industry weekend reached a record-setting consensus on gender diversity, agreeing to provide equal opportunities for all qualified players. The industry leaders comprising public sector players and commercial investors in…
NOGOF unveils N35.7 trn job outlook for oil contractors
Shell leads with $13 bn contracts MOMAN needs contractors for facility revamp Falcon calls for partnership Sopuruchi Onwuka Planned field development and enhanced oil and gas recovery projects in the Nigerian petroleum industry would enrich the domestic economy with over…
America dethrones OPEC at oil export market
ExxonMobil finds substitute to Nigeria’s light sweet crude in Guyana Sopuruchi Onwuka The American continent is projecting strong outlook for oil output in the year, claiming the status of swing producer from non-American members in the multilateral Organization of Petroleum…
