Industry

“As the world decarbonises, the shift away from oil, gas, and coal will pose risk to the value of the wealth of countries that are already abundant in nonrenewable energy" By Teddy Nwanunobi The World Bank Group has said that the…
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By Teddy Nwanunobi Nigeria's Vice President, Prof. Yemi Osinbajo, has said that the plan to defund gas projects in the run up to the global net-zero emissions target will be unhelpful to developing countries, such as Nigeria. …
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By Teddy Nwanunobi President Muhammadu Buhari, on Friday, said that the country expects nothing less from the Board of Directors, the Chief Executive Officer, and the Chief Finance Officer, “than the realisation of a global national…
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*Says China cylinders not certified Owing to how substandard gas cylinders have infiltrated the Nigerian market, Standard Organisation of Nigeria, SON has warned marketers to desist from importing fairly-used cylinders into the…
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"All shares in NNPC Limited are expected to be vested in the government at incorporation and held by the Ministry of Finance" President Muhammadu Buhari has received the Certificate of Incorporation of the Nigerian National…
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"Aiteo acquired a 45 per cent stake in OML 29 from a consortium of Shell, TotalEnergies SE and Eni SpA, with NNPC retaining the rest" By Teddy Nwanunobi Aiteo Eastern E&P Co. Ltd. has sued Royal Dutch Shell Plc for more than…
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By Teddy Nwanunobi The leadership of the Nigerian Content Development and Monitoring Board (NCDMB) has described as untrue the alleged pressures being mounted on the Board by some stakeholders of the oil and gas industry to relocate…
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By Teddy Nwanunobi The Senate has confirmed the appointment of the Chairman and commissioners for the Nigerian Upstream Regulatory Commission (NURC). This followed the consideration of the report of its Committee on Petroleum…
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· Confident PIA will boost oil production to 4mbpd By Teddy Nwanunobi The Federal Government has vehemently rejected a single pathway concept to energy transition and net zero carbon. The Minister of State Petroleum Resources,…
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"This is a big push that is aimed at fast-tracking Nigeria’s energy transition" By Teddy Nwanunobi Seplat Energy Plc, Nigeria’s largest energy company by market value, has the set year 2024 target to end gas flaring in all of its…
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