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African ministers agree to drive energy access alongside transition
Sopuruchi Onwuka Governments of African nations have resolved to explore collaboration in driving projects and aligning policies that guarantee energy access to over 600 million citizens. They also stressed the need to prioritize immediate energy solutions while pursuing low carbon…
IEA cancels Peak Oil forecast, extends petroleum dominance by 25 years
Sopuruchi Onwuka Earlier predictions by the International Energy Agency (IEA) and similar analysts that oil and gas demand was crumbling under the weight of global campaign for energy transition and climate action are now facing a review to adjust them…
OPEC+ stokes oversupply fears with 137,000 new barrels
Sopuruchi Onwuka Members of the Organization of Petroleum Exporting Countries and nonmember allies (OPEC+)are billed to pump in significant 137,000 barrels per day of new supply into the increasingly bearish oil market, heightening concerns that possible supply surge would dilute…
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…
Giorgio Armani: The man that became the brand dies at 91
Sopuruchi Onwuka “With infinite sorrow, the Armani Group announces the passing of its creator, founder, and tireless driving force: Giorgio Armani,” the company announced on its official website: https://www.armani.com/. The company stated that the legendary fashion enigma respectfully called Il…
Trade envoy pldges stronger UK-Nigeria economic ties
Sopuruchi Onwuka The UK Trade Envoy to Nigeria, Florence Eshalomi MP, has declared the commitment of the British government to supporting Nigerian businesses as they scale globally and to ensuring our partnership delivers real, inclusive impact. Ms Eshalomi who concluded…
Chinese refineries process 14.85 mbd, boost fuel exports
Sopuruchi Onwuka Despite being world’s biggest importer of crude oil and condensate, China’s export of fuels including petrol, diesel, and jet fuel surged by double digits to multi-month highs in July as plant throughput jumped by 9% to 14.85 million…
LNG capacity race projects 748 mtpa by 2030, triggers supply chain bustle
NLNG Train-7, Mozambique LNG lead Africa’s capacity growth US emerges global oil and gas export champion Sopuruchi Onwuka Total global liquefied natural gas (LNG) capacity will hit significant 748 million tons per annum (mtpa) by 2030, driven by significant 253.6…
Putin quenches Trump’s fire in the oil market
Sopuruchi Onwuka All the market sentiments and related price movements associated with high stake peace meeting between President Donald Trump of the United States and Russian President Vladimir Putin went cold after the American president came from the meeting without…
EIA sees steep fall in oil price as supply growth looms
Sopuruchi Onwuka, with agency reports Prices for global reference crude oil grades in the international markets are destined for sharp decline as oilfield technology and efficient operations translate to cheaper and higher volumes of the commodity, according to the latest…
