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Chevron, parties sign deal on E. Guinea’s Aseng gas monetization project
Sopuruchi Onwuka Chevron and its partners have signed key agreements with the government of Equatorial Guinea to advance the Aseng Gas Monetization Project, marking a significant step toward developing the country’s gas resources. The deal, signed by Noble Energy EG…
Domestic refining space crowded as NNPC yet to finalize IJVs
Board tinkers with new purpose for KRPC Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited may be determined to reinvent some of the operated public sector refineries but it is evidently meticulous and detailed in evolving processes that transcend viable…
Uk, Nigeria sign landmark £746 million ports deal
Sopuruchi Onwuka The United Kingdom and Nigeria have signed a landmark £746 million ports redevelopment deal, marking one of the largest recent trade and investment partnerships between the two countries and signalling a major push to modernize Nigeria’s maritime infrastructure…
Oil crunch: Why price incentives cannot boost Nigeria’s output
Sopuruchi Onwuka Nigeria, Africa’s biggest oil producer and key member of OPEC, is often counted as a potential fallback supplier whenever global oil markets are shaken. But the prevailing supply crisis linked to tensions around Iran and the risk to…
UK, Nigeria strengthen investment ties to create hundreds of new jobs
Bilateral trade at record £8.1 billion annually Sopuruchi Onwuka The United Kingdom and Nigeria have strengthened their economic ties with a series of major investment agreements, expected to create hundreds of new jobs in both countries. The announcements came during ministerial…
Outrage as Dynacom pushes tankers through dreaded Strait of Hormuz
Ziggy Ojiegbe Security analysts and maritime unions have expressed outrage after global shipping company Dynacom Tankers continued sending its vessels through the dangerous Strait of Hormuz despite threats from Iran to attack ships entering the waterway. The narrow maritime corridor,…
Transocean expanding to 73-rig $17 bn behemoth with Valaris merger
Ziggy Ojiegbe Transocean is set to reshape the offshore drilling landscape with a transformative acquisition that will create one of the largest contractors in the sector. Transocean has agreed to acquire Valaris in an all-stock deal valued at approximately $5.8…
US oil sanctions hit hard on Cuba
Airline refuels halted, citizens cook with coal Sopuruchi Onwuka, with agency reports Cuba is facing a deepening energy crisis that has disrupted aviation, strained public services and intensified economic hardship, as tightened US oil sanctions sharply curtail the island’s access…
OPEC+ producers to keep output steady in March
Sopuruchi Onwuka, with agency reports The Organization of Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, will keep crude oil production unchanged in March. The decision was reached on Sunday at a meeting of key OPEC+ members,…
Chevron to continue Yoyo-Yolanda development after boundary resolution
Sopuruchi Onwuka American multinational oil major, Chevron, has declared commitment to development of the offshore Yoyo-Yolanda field located in joint maritime territory between Cameroon and Equatorial Guinea. Chevron’s business managers in Nigeria and Mid-Africa Region stated Tuesday that the company…
