Skip to content
World’s oil reserves remain at 1.5 trn barrels __Rystad
Sopuruchi Onwuka, with agency reports Recoverable hydrocarbon liquids reserves that would continue to fire engines for transportation and industry remain at 1.5 trillion barrels, according to latest research published by Rystad Energy. The figure is some 52 billion barrels lower…
China leads world’s production with $5.06 trn output
Sopuruchi Onwuka China has been declared undisputed global manufacturing champion, churning out about a third of goods produced across the world in for 2022, the most recently available data on global manufacturing showed. According to analysis of official data by…
Faulty Microsoft update shakes global systems with disruption
Sopuruchi Onwuka, with agency reports Technology and information technology glitches have struck the global connectivity among banks, airlines, healthcare management and media systems after Cybersecurity firm CrowdStrike deployed a faulty update to computers running Microsoft Windows. The company stated that…
Standard Chartered accused of wheeling fund for terrorists
A British bank, Standard Chartered, which had escaped prosecution for money laundering carried out billions of dollars of transactions for funders of terrorist groups, US court papers allege. Standard Chartered, one of the UK’s largest banks, avoided prosecution by the…
NLNG’s BGT eco-friendly AKTORAS to reduce shipping emission
Sopuruchi Onwuka Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria LNG Limited (NLNG), has chartered a newbuild vessel, AKTORAS, in a strategic move to diversify and reduce the carbon footprint of its shipping portfolio. BGT was founded in 1989…
Wale Tinubu lays success roadmap for Guiana oil industry
Sopuruchi Onwuka Group Chief Executive of Oando Plc, Mr Wale Tinubu, has called on the South American state of Guyana to evolve credible policies, establish resource wealth management principles and build infrastructure backbone for its emerging petroleum industry. Mr Tinubu…
UK’S New Global Tech Awards welcomes applications from African tech startups
Sopuruchi Onwuka The Unicorn Kingdom: Pathfinder Awards (UKPA) are now open to start-up companies specializing in Artificial Intelligence (AI), Connected & Automated Mobility (CAM) Technology, Cyber Security and Digital Trade Solutions from across Africa. According to Senior Press and Public…
Gas needed to trigger Africa’s industrialization – Mshelbila
Nigeria LNG Limited (NLNG) has said there is real demand for clean energy such as gas in Africa to trigger industrialization, meet the needs of growing young population, optimize abundant natural resources, and meet demands of emerging internal markets. In…
Energy firms to invest $260bn by 2028 __AEC
Sopuruchi Onwuka Players in the global energy industry will spend significant $260 billion in the next five years, amplifying the need for the African petroleum provinces to attract fair share of the envisaged investment flow. The African Energy Chamber stated…
UK funding for tech entrepreneurs to boost livelihoods
Sopuruchi Onwuka New UK funding for innovative mobile phone technology is to enable entrepreneurs receive new support to develop innovative mobile technology and help tackle development challenges around the world. Previous funding through the scheme, according to the media outlet…
