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NOGOF unveils N35.7 trn job outlook for oil contractors
Shell leads with $13 bn contracts MOMAN needs contractors for facility revamp Falcon calls for partnership Sopuruchi Onwuka Planned field development and enhanced oil and gas recovery projects in the Nigerian petroleum industry would enrich the domestic economy with over…
Oil investment drought: WIEN President demands enhanced participation
Sopuruchi Onwuka President of Women In Energy Network (WIEN), Mrs Funmi Ogbue, has called on government’s policy drivers in the petroleum industry to urgently dismantle all entry barriers to enhance participation and diversify investment routes into the sector. Mrs Ogbue…
‘Investment impasse, not theft, accounts for oil output fall’
Output decline to continue until NUPRC rises to duty NNPC must yield local tussle for value driven partnerships His voice commands power in the petroleum industry where he has traversed the full activity routes and provided leadership to different professional…
OML 18 operatorship: Eroton stands up to NNPC
Following the announcement by the Nigerian National Petroleum Company (NNPC) Limited of its sack as the operator of Oil Mining License (OML) 18, Eroton Exploration & Production Company, has countered that it still holds onto its role a the operator…
NNPC rescues OML 18 JV from distressed Eroton
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared transfer of operatorship role in its oil and gas exploration and production joint venture with Eroton on Oil Mining Lease (OML) 18. Following the retrieval of the operator role,…
Fuel market chaos: Major marketers demand full deregulation
NNPC siphons susbidy funds as prices escalate Sopuruchi Onwuka The group of major petroleum marketers in the country has demanded government to embark on full deregulation of the market, given the weakness of regulators in controlling price surge and subsequent…
Investors willing to stake $40 bn in gas development _OPTS
Sopuruchi Onwuka Some key players in the upstream petroleum industry have accepted to collectively shoulder some $40 billion investments in new development if the government would dismantle operational challenges that impact returns on investments. The pledge came in response to…
NNPC scrambles management team for recovered Addax assets
Sopuruchi Onwuka Nigerian National Petroleum Company Limited (NNPCL) is working to minimize activity downtime at the oil block just recovered from Addax Petroleum after an exit settlement. The company which is visibly shopping more assets to beef up operated production…
Fuel subsidy: The saga, the façade and the facts
Sopuruchi Onwuka As Nigeria enters political campaign mode in preparation for the 2023 general elections, government’s domestic petrol subsidy has also traditionally surged to new heights despite the highly glorified Petroleum Industry Act (PIA) which ought to have activated deregulation…
NNPC, NUPRC take different routes to oil loss mitigation
Sopuruchi Onwuka The controversy surrounding industrial scale stealing of crude oil from the operations of players in the upstream petroleum industry in Nigeria is receiving separate responses from the industry regulator and national oil company that manage government’s commercial interest…
