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Chibisi Ohakah 541 posts 0 comments

CHIBISI OHAKAH studied Sociology at the University of Nigeria Nsukka. He also has a PGD in Journalism.
He is a seasoned financial journalist with field experience spanning over three decades.

His training and knowledge in financial reporting influences his style in Energy reporting, making his stories indept and authoritative.

It is notable that his reports usually contain critical financials sought by investors and stakeholders in the global oil and gas industry.

Oil And Gas

‘You Are Serial Liars,’ Nigerian Navy Calls Out NNPC Over Fuel Scarcity

Chibisi Ohakah Dec 5, 2022 0

...“We stopped bunkering and it affected marketers who pretended they were importing the products” – Navy The Nigerian Navy has provided an untold expose on the deceitfulness of the Nigerian National Petroleum Company over the…

Local Content

NCDMB Commences Training of 500 Bayelsa Youths on Mobile Phone Tech

Chibisi Ohakah Dec 5, 2022 0

The Nigerian Content Development and Monitoring Board (NCDMB) has commenced the training of 500 youths on mobile phone repairs, software and entrepreneurship development. The Board said the programme, which will run for eight weeks,…

Oil And Gas

EU Sanctions Against Russian Oil: Skeptics Still Not Sure It Will Work

Chibisi Ohakah Dec 5, 2022 0

The orchestrated European Union's sanctions against Russian oil takes effect today, and observers say energy markets may be headed for uncharted waters in the months ahead.Last week, EU officials agreed to set a price cap on Russian oil at…

Oil And Gas

EU Agrees To $60 Oil Price Cap Against Russia

Chibisi Ohakah Dec 2, 2022 0

The European Union may have finally agreed to set the price cap on Russian crude oil at $60 per barrel. Quoting an EU diplomat yesterday, Reuters said however that deal must first be agreed to by majority of members, including Poland. …

NEWS

New Commission Aims To Unite Youth Energy Transition Efforts

Chibisi Ohakah Dec 1, 2022 0

A consortium of global youth groups has announced the inauguration of Youth Energy Transition Commission (YETC). The commission, which was launched at the SDG7 Pavilion at COP27 in Egypt earlier this month, consists of strong youth…

Oil And Gas

Russian Oil Price Cap Could Be Delayed Until US Midterm Elections – Report

Chibisi Ohakah Nov 30, 2022 0

As the December 5 deadline for EU proposed Russian oil cap draw close, there are strong feelings among traders and consultants that the plan could be delayed as policymakers try to smooth market volatility ahead of midterm elections. …

Oil And Gas

Italy Plans 50% One-Off Windfall Tax On Energy Firms

Chibisi Ohakah Nov 29, 2022 0

A draft budget has unveiled plans by Italy to impose a one-off windfall tax of 50% on the extra income energy firms following rise in oil and gas prices. Quoting the draft budget which it sited, Reuters said the windfall tax is…

POWER SECTOR

Two, Key UK Renewable Energy Projects Held Up By Red-Tape

Chibisi Ohakah Nov 29, 2022 0

A report suggested yesterday that two large-scale projects aiming to add enough renewable energy to power a million UK homes by channelling water from the Scottish Highlands may be entangled by government red tape, and it may be until…

Oil And Gas

Ukraine President Wants Lower Cap On Russian Oil, At $30-$40pb

Chibisi Ohakah Nov 28, 2022 0

Ukrainian President, Volodymyr Zelensky, has proposed that the price for Russian seaborne oil should be capped at between US$30 and US$40 a barrel, lower than the level that Group of Seven (G-7) nations. US and its allies, as well as…

Oil And Gas

Germany’s Fossil Fuel Firms Face 33% New Windfall Tax

Chibisi Ohakah Nov 25, 2022 0

Germany is implementing a special levy that will see the country’s oil, gas and coal firms pay 33% of windfall profits. The levy will potentially generate revenue of up to three billion euros. Dubbed the "EU energy crisis contribution",…

Oil And Gas

Nigeria: Oil Production Slumps, As Growth Rate Slows to 2.25%

Chibisi Ohakah Nov 25, 2022 0

The Nigeria Bureau of Statistics has released a report stating that oil production in Nigeria dropped to an average daily production of 1.20 million barrels per day (mbpd). This is lower than the daily average production of 1.57mbpd…

Interviews

Nigeria’s 37bn Barrels Oil Reserve and the Prospects of Kolmani Crude Oil Chest

Chibisi Ohakah Nov 25, 2022 0

Is it really true that North East Nigeria crude oil exploration could change Nigeria’s oil reserve that is reportedly stagnated at 37 billion barrels? During an interview on national television recently, former executive secretary of…

Oil And Gas

Shell Considers Windfall Tax, Reviews £25bn British Projects

Chibisi Ohakah Nov 24, 2022 0

Following the extension of a windfall tax on energy companies, Shell UK has said that it is reviewing plans to invest £25 billion in British projects. The Dutch super major said it would however look at each of its projects on a…

Oil And Gas

The New Hopes From North East Nigeria Oil Exploration

Chibisi Ohakah Nov 24, 2022 0

In the last decade, Nigeria’s revenue from oil and gas witnessed serious decline, essentially due to large scale, internationally linked oil theft, and pipeline vandalism. At the height of the menace, from late last year, Nigeria was…

Oil And Gas

Ahead of Dec 5 Deadline, Russia Loses Over 90% Of Its European Oil Market

Chibisi Ohakah Nov 23, 2022 0

Reports said ahead of the planned oil cap against Russia’s oil, the country has already lost over 90% of its previous top European market—northern Europe. Bloomberg said Russian shipments have slumped to below 100,000 barrels per day…

Oil And Gas

North East Nigeria Oil Exploration Already Attracted $3bn DFI – President Buhari

Chibisi Ohakah Nov 23, 2022 0

...Production Starts With 50,000bpd President Muhammadu Buhari informed yesterday that the oil exploration project in the North East will start with a daily production of about 50,000 barrels of crude oil. While flagging off the…

Oil And Gas

Nigeria Earned $741.48bn Revenue From Oil And Gas – NEITI

Chibisi Ohakah Nov 23, 2022 0

Nigeria earned a total of $741.48billion revenue from oil and gas between 1999 and 2020, the Nigeria Extractive Industries Transparency Initiative has declared. This is contained in the published 25 cycles of audit reports in the oil…

Oil And Gas

Senate Says That Oil Theft Cost Nigeria $2bn Jan-August 2022

Chibisi Ohakah Nov 23, 2022 0

The Nigerian Senate has said that Nigeria lost $2 billion, or N1.3 trillion, to oil theft between January and August this year. This is contained in the report submitted by the Senate ad-hoc committee set up to conduct investigation on…

Oil And Gas

Crude Oil Theft: Nigeria Introduces 24-hrs Aerial Surveillance Over Oil Pipelines

Chibisi Ohakah Nov 22, 2022 0

Nigeria has introduced a 24-hour aerial surveillance across the Nigerian creeks and all Nigerian National Petroleum Company pipeline locations nationwide. The aerial surveillance with helicopter and other devices is part of way forward…

Oil And Gas

TotalEnergies Looks To Explore Oil Where Environmentalists Blocked Shell In S/Africa

Chibisi Ohakah Nov 21, 2022 0

Following the blockade of Shell by environmentalists in South Africa, French supermajor TotalEnergies, has signaled plans to explore for oil and gas resources in the same offshore South Africa. Reports say TotalEnergies plans to drill…

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