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NNPC shops bigger demand for falling gas output
Sopuruchi Onwuka The federal government has activated global investment campaign that flaunts Nigeria’s huge gas supply potentials instead of available capacity for physical volumes; and this has raised concerns in the industry over the tendency to ignore pressing challenges in…
Geometric to fire up 188 MW in February
Sopuruchi Onwuka Nigeria’s first private integrated power firm, Geometric Power Limited, is to fully activate full value power generation and distribution operations next month when it is expected to start receiving lean gas supplies from the Nigerian Exploration and Production…
Kyari decries theft, vandalism as threats to Nigeria’s energy sufficiency
Sopuruchi Onwuka The Nigerian National Petroleum Company Limited has tasked educational institutions in the country to join forces with the petroleum industry in evolving solutions to challenges that threaten the nation’s energy security. The Group Chief Executive Officer, Mallam Mele…
Kyari calls for adaptation to changing energy landscape
The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape. Kyari gave this…
NNPC, Oil firms owe Nigeria N9.4 trn from 2021 ops
NNPC leads N6.6 trn secret debts; Withheld N2.33 trn from the federation account; Staked Nigeria’s crude oil for N11.5 trn loans Sopuruchi Onwuka Some 47 oil companies operating in Nigeria’s upstream petroleum industry and the Nigerian National Petroleum Company (NNPC)…
Nigeria’s energy trade charts show internal strategy mess
Sopuruchi Onwuka Nigerian energy trade losses entered a deceleration mode not because the volumes of imports championed by the Nigerian National Petroleum Company (NNPC) Limited reduced, but because the spirited audacity of private local businessmen that risked billions of Naira…
Debts everywhere: NNPC owes oil traders N2.3 trn
Sopuruchi Onwuka The desperate efforts by the new administration of President Bola Tinubu to gain control of the country’s fiscal channels may suffer glitches as more and more debts float to the surface. In addition to the current pile of…
GOG nations sign MoUs on Nigeria-Morocco gas pipeline
Sopuruchi Onwuka Countries on the coast of the Gulf of Guinea (GOG) have finally reached a definitive agreement to provide a safe and sustainable pathway for the flow natural gas from Niger Delta in Nigeria through several African countries to…
Fuel price hike: confusion overtakes stakeholders
Market still not deregulated despite price increase State monopoly still rules supplies Regulator disabled Sopuruchi Onwuka The arbitrary increase of petrol prices announced by the Nigerian National Petroleum Company (NNPC) Limited Wednesday morning is definitely a total deviation from the…
Subsidy removal: President Tinubu pulls inflation triggers
Subsidy jumps from N800 bn in 2014 to N4 trn NNPC under accountability, transparency burden Sopuruchi Onwuka President Bola Ahmed Tinubu, on Monday set off fuel scarcity in the country as marketing companies responded to his inaugural address in which…
