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NLNG presents PIC FUEL business case for Nigeria’s climate agenda
FG to save $140 bn on transition budget, displace diesel import by $8 bn Sopuruchi Onwuka The introduction of the PIC-FUEL technology for Nigeria’s industries brings game changing potentials that, when adopted through efficient regulations, would advance greenhouse gas emission…
Renewables holds potential to improve energy access millions in Africa
Variable renewable energy (VRE) such as wind and solar working with advancements in battery storage can provide consistent power and create access for over 600 unconnected Africans, analysts at th3 2024 Africa Oil Week (AOW) have declared. The exposition formed…
Africa to continue hosting oil investments despite climate activism __ Mantashe
Sopuruchi Onwuka Government of South Africa has called on petroleum players across the world to extend their exploration to the nation’s prolific hydrocarbon basins, assuring that Africa still remains relevant to global energy supply despite disruptions from climate activists. In…
Ghana gets nod to host Africa Oil Week in 2025
Sopuruchi Onwuka The African Oil Week (AOW), the continent’s premier energy event which is traditionally hosted in Cape Town, South Africa, will now move to Ghana in 2025 for its “Investing in African Energy” conferences. Organizers, Sankofa Events, declared at…
Oil leads Nigeria’s N19 trn H1 export income
Sopuruchi Onwuka Growth in Nigeria’s trade surplus jumped by 6.5 percent in the second quarter of the year, propelled by rising crude oil volumes as the Nigerian National Petroleum company (NNPC) Limited posts both increasing revenue and low production losses…
Offshore petroleum players to spend over $250bn on 2025
Sopuruchi Onwuka Logistics and oilfield services providers in the global offshore energy operations have cheery news as operators’ investment in the terrain will continue to grow by annual 5 percent; reaching a stunning $250 billion next year. According to advisory…
Nigeria’s Atlas Oranto Petroleum signs exploration deal with Venezuela
Sopuruchi Onwuka Nigerian independent petroleum company, Altas Oranto Petroleum, has reached an agreement with the Venezuelan government to drive exploration in the Venezuelan the Deltana platform. The signing of the exploration agreement witnessed said Venezuelan President Nicolás Maduro on August…
From volumes to sweet grades, Nigeria cedes market to US
Sopuruchi Onwuka The United States of America, once the key destination of Nigeria’s light sweet crude oil prized in the market for high yield of transportation fuels, is now the nemesis of mainly West African producers of the same grade…
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…
