Skip to content
NCDMB lays template for Africa’s resource optimization
Sopuruchi Onwuka Nigeria has continued to provide credible guides to new African petroleum producers on optimization of resource value, empowering industry regulators and political leaders with critical lessons on averting resource curse. The Executive Secretary of the Nigerian Content Development…
Oil prices become stable demand concenrns wane
Brief surge in oil prices rolled to a stop at the weekend after China’s uncertain economic outlook and a large US inventory build up addressed supply concerns. Also, pledge by Iran to increase its oil output proptly wiuped fears that…
TotalEnergies acquires Total Eren for €1.5 bn
TotalEnergies has announced full acquisition of Total Eren, its renewable energy partner, and integrating it into its corporate renewables business unit. The €1.5 billion deal entails buying out Total Eren’s other shareholders and increasing TotalEnergies’ stake to 100%. TotalEnergies had…
IFC Partners with South African Banks to Boost Climate Finance
International Finance Corporation (IFC) has declared partnership with the Banking Association South Africa (BASA) to help increase climate finance in the country and pave the way for a transition to a low carbon economy. Under the new agreement, IFC will…
Toyota advances battery tech for EVs
Dutch kids build smart solar cars Toyota has announced advances in extending the life of solid-state batteries and optimization of Lithium-ion batteries, both used in the running of electric vehicles. The development came as a team of students at Eindhoven…
First-class passenger silently hijacks, diverts US plane
Another causes scare with social media Sopuruchi Onwuka, with agency reports Two separate incidents of bomb scare caused Southwest Airlines to divert a flight between Las Vegas and Hawaii to Oakland; and Alaska Airlines diverted its flight midway from Seattle…
Iran seizes one oil tanker, chased away from two
Sopuruchi Onwuka It has been a busy week for the United States Navy in the Persian Gulf where it was struggling to ward off relentless Iranian forces from disrupting flow of merchant vessels ferrying commodities through the Strait of Hormuz….
Global crude oil reserves jump by 52 Bbbls to 1.6 Tbbls
Upstream players to spend $528 bn in 2023 Sopuruchi Onwuka Despite the rave about peak oil and energy transition, upstream petroleum players across the globe still had the demand incentive to invest in discovery of over 52 billion barrels of…
Malaysian oil production hits ceiling at 2.0 mmboed
Sopuruchi Onwuka Oil and gas production from the state of Malaysia will reach the maximum capacity of 2.0 million barrels of oil equivalent per day (MMboed) by next year before maintain a plateau of taking a plunge. The Malaysian national…
Workers hospitalized in Russian gas field brawl
Sopuruchi Onwuka It appears everything about Russia is fighting its way into international stage where the country’s reputation as garrulous players is building from its invasion of Ukraine through a spark of militant insurrection that attempted a regime change. This…
