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NCDMB asks African oil service providers to play niches
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) urged oil-producing countries to develop their competencies to the right specifications with which to specialise in different manufacturing and service niches in providing services for the petroleum industry. Executive Secretary,…
OIDA Fireside Chat: UNOC chief canvasses intra-African energy alliance
Sopuruchi Onwuka The need for collaboration among players in the African energy industry has become urgent in order to join forces in meeting the rising demand associated with the continent’s growing youth and productive population. It is in this line…
Trump, Ursula agree on tariff deal on $1.9 Euro-American trade
Sopuruchi Onwuka The President of European Commission, Ursula von der Leyen, succeeded in pulling President Donald Trump of the United States to best trade deal between the two powerful economic blocs, removing tariff roadblocks and allowing free flow of essential…
Africa posts rising FDIs, suffers low finance access
Sopuruchi Onwuka Latest global trade reports show the incongruity of Africa’s rising foreign direct investments and low access to development finance; highlighting the predicament of world’s least developed countries, especially West Africa, where nations remain consistently remain in search of…
Shell dismisses BP acquisition rumour
Shell said weekend that it has not actively considered an offer to buy over BP and would still not do so, according to a report by Oilprice. The clarification came in response to media report which in the week sparked…
Global energy investments indicate shifting demand patterns
Sopuruchi Onwuka The declaration by the International Energy Agency (IEA) that some 67 percent of the $3.3 trillion of global energy investments in 2025 is dedicated to development of clean energy amplifies the staggered but determined move by global institutions…
EU sets 2027 deadline to cut Russian gas imports
As the European Union seeks to end its dependency on Russian energy, the European Commission is set to propose this week a ban on new contracts for natural gas supply with Russia on the basis of trade law, which needs…
ADNOC-led consortium throws in $18.7 bn bid for Santos
Sopuruchi Onwuka A consortium led by Abu Dhabi National Oil Company (ADNOC) has thrown in attention-grabbing $18.7 billion offer to acquire Australia’s second-largest gas producer, Santos, in a bid that focuses on the future potentials of both companies when merged…
Nigeria’s Aka Nwokedi appointed IGU’s Coordinator
Sopuruchi Onwuka , President of the Nigerian Gas Association (NGA), Mr Aka Nwokedi, has been appointed the African Regional Coordinator of the International Gas Union (IGU), making him one of the few Africans that have taken strategic roles in the…
Africa Energy Bank: Will Nigeria miss another great opportunity?
Sopuruchi Onwuka The delay in the full funding and activation of the highly anticipated African Energy Bank (AEB) clearly falls into pattern with the inability of African countries to muster critical collaborative thrust in pushing collective agenda; it reinvents the…
