Will dom refining boost or burst our struggling economy?
Sopuruchi Onwuka Propositions and actual projects that portend over 3.0 million barrels per day of local refining capacity may raise serious challenges to the nation’s fiscal and economic stability, given that the emerging refining boom may impose acute foreign exchange…
Divestments: ‘No, we’re not leaving onshore,’ IOCs tell Nigeria
Sopuruchi Onwuka Despite the prevailing rave about the exit of foreign multinational companies from joint venture operations with the Nigerian National Petroleum Company (NNPC) Limited, TotalEnergies and Chevron still have a longer outlook for portfolios located onshore Niger Delta. Shell…
Shell cashes out from SPDC JV with $2.4 bn
Sopuruchi Onwuka Shell has finally pulled a foot from the Nigerian conventional petroleum play after selling off the combined interest of multinational private entities in the NNPC/Shell/TotalEnergies/Eni exploration and production Joint venture for a total of $2.4 billion. Shell stated…
Industry leaders welcome Patricia Simon-Hart as Director at Aradel Holdings PLC
Sopuruchi Onwuka The prevailing reorganization at Aradel Holdings Plc has continued with the appointment of Patricia Simon-Hart as an Independent Non-Executive Director, tapping her expertise into the management of the exploration and production operations of the indigenous independent company. And…
