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Chibisi Ohakah 230 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.

NEWS

Nigeria Sets Up Committee for Promotion of Electric Vehicles

Chibisi Ohakah Jun 21, 2022 0

Nigeria has set up a technical committee to for develop legal framework for the promotion, adoption, patronage as well as usage of electric vehicles in Nigeria. Using the framework of the National Automotive Design and Development…

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NCDMB Commence Disbursement of $40m Women in Energy Fund

Chibisi Ohakah Jun 20, 2022 0

Nigerian Content Development and Monitoring Board (NCDMB) has commenced consideration of applications for the disbursement of the $40million Women in Energy fund endowed in partnership with the Nigerian Export Import Bank. Already the…

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Wabote Urges Hydrocarbon Nations to Jettison the Haste to Abandon Fossil fuel

Chibisi Ohakah Jun 20, 2022 0

The western world has been criticized for what is described as the attempt to demonize or de-market other energy sources as well as extracting commitments and setting unrealistic deadlines for countries to abandon fossil fuels Speaking…

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ExxonMobil Denies President Biden’s Oil Investment Accusations

Chibisi Ohakah Jun 17, 2022 0

………"Exxon made more money than God last year," Biden alleged America’s oil major, Exxon, has denied President Joe Biden’s allegations that it was among refiners in the US making undue profit from the crises in Ukraine. The company says…

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Western Sanctions on Russia Backfiring on OPEC+ Fortunes

Chibisi Ohakah Jun 17, 2022 0

........Cartel is 2.7mpd below oil production target The massive sanctions against Russia by the European Union (EU) may have started taking tolls on the fortunes of the OPEC+ as the group has been reported falling behind its overall…

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WAPCo Celebrates 10yrs of Commercial Operations in Nigeria

Chibisi Ohakah Jun 17, 2022 0

West African Gas Pipeline Company Limited (WAPCo) has hinted of plans to mark the 10th anniversary of its commercial operations in Nigeria. Although the company is yet to unveil the full package, it said in the statement yesterday that…

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Oil Sector Insider Reveals Real Reasons for Fuel Scarcity in Nigeria’s Capital

Chibisi Ohakah Jun 16, 2022 0

……..Warns that petrol pump price may hit N1,500 in two weeks time An oil and gas sector insider has finally explained the reasons behind the lingering fuel scarcity in the nation capital Abuja, warning that residents in the Federal…

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The Unending Woes of Nigeria’s Crude oil Production

Chibisi Ohakah Jun 16, 2022 0

……….Nigeria drops to all-time low……….Report blames pipeline closures, maintenance and oil theft The Organisation of the Petroleum Exporting Countries (OPEC), has reported that seven countries, including Nigeria, recorded significant…

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Biden Accuses US Oil Refiners of Profiteering from Russia-Ukraine War

Chibisi Ohakah Jun 16, 2022 0

………...Urges them To Raise Gas and Diesel Production to Tackle Prices The US President, Joe Biden has ordered US oil refiners to produce more gasoline and diesel, accusing them of recording tripling profits since the Russia-Ukraine…

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NCDMB, NAICOM Seal New Insurance Pact for Oil and Gas Industry

Chibisi Ohakah Jun 15, 2022 0

Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have signed joint guidelines that will compel oil and gas companies operating in Nigeria to patronize local insurance companies. …

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Ukraine Crises: Germany Set To Take-Over Russia-Owned Refinery, Rosneft

Chibisi Ohakah Jun 15, 2022 0

As part of the ultimate plan to eliminate oil import dependence on Russia, Germany is considering the idea of keeping the fourth-largest refinery in the country. Reports say the refinery provides 90% of the fuel to the capital city…

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Senator Okadigbo Calls for More Women Participation in Oil and Gas Industry

Chibisi Ohakah Jun 15, 2022 0

…….As FG creates N14.6bn fund for women inclusion in oil & gas Chairman, board of the Nigerian National Petroleum Company (NNPC) Ltd, Senator Magery Chuba Okadigbo, has called on the Nigerian Content Development Management Board…

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Nigeria Not Benefitting From Rising Global Oil Prices

Chibisi Ohakah Jun 14, 2022 0

…….NNPC boss blames crude oil theft Analysts have posited that Nigeria is evidently a victim of its oil resources, losing outrightly from the rising oil prices of above US$100 per barrel since the recent regime of rising global oil…

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Shell Set to Consider Offers for Niger Delta Oilfields

Chibisi Ohakah Jun 10, 2022 0

Shell Plc is set to consider bid offers for its 30% joint venture offer for its oil and gas fields in the Niger Delta. Shell has been on this divestment bid from Nigeria in the last five years. Bloomberg said yesterday that the Shell…

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Six Shell Sponsored Varsity Dons Recommit to National Technological Modules

Chibisi Ohakah Jun 10, 2022 0

Six university dons have demonstrated commitment to strategies that would promote collaboration between Shell Petroleum Development Company of Nigeria (SPDC) and the academia to meet Nigeria’s technological aspirations. The six senior…

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Qatar Aligns with Exxon, Total, Shell, Conoco on World’s Largest LNG Project

Chibisi Ohakah Jun 9, 2022 0

Qatar has picked Exxon Mobil Corp, TotalEnergies SE, Shell and ConocoPhillips as partners in the expansion of the world's largest liquefied natural gas (LNG) project, Reuters quoted sources that had knowledge of the development. In the…

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‘Nigeria’s Power Generation Status Cannot Support Economic Growth’ – Minister

Chibisi Ohakah Jun 8, 2022 0

Nigeria’s minister of power, Abubakar Aliyu, has confessed that the country’s power generation status cannot support its growth projections. While inaugurating the new board of the Transmission Company of Nigeria (TCN) in Abuja, the…

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British American Tobacco Plans to Invest £1m on Renewable Energy

Chibisi Ohakah Jun 8, 2022 0

British American Tobacco (BAT) Nigeria has announced a £1m, 2-year investment plan for the implementation of a 1mw solar panel renewable energy solution (without backup battery storage). The renewable energy solution will generate a…

NEWS

Nigeria’s Oil Revenue Dips by 7.8% to N945bn

Chibisi Ohakah Jun 8, 2022 0

Central Bank of Nigeria (CBN) has informed that Nigeria’s earnings from crude oil sales dropped to a four-month low. In the apex bank latest monthly economic report for January 2022, the CBN said noted that in spite higher oil prices in…

NEWS

Trading Giant Trafigura Predicts Oil Price to Hit $150 in 2022

Chibisi Ohakah Jun 8, 2022 0

Crude oil prices may soon hit $150 per barrel or more this year, Trafigura’s chief executive officer, Jeremy Weir has predicted. Trafigura is the world's largest private metals trader and second-largest oil trader having built and…

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