Author

Chidi Ekpewerechi 262 posts 0 comments

Chidi Ekpewerechi, is a graduate of Mass Communication, from OSISATECH Polytechnic, Enugu.
He is a seasoned development journalist, with experience spanning over two decades. Chidi is seasoned in the areas of Energy and Finance.

He is a researcher and writer for Orient Energy Review.

Oil And Gas

A $65-$70 Oil Price Cap May Not Hurt Putin

Chidi Ekpewerechi Nov 25, 2022 0

Being the prices that buyers pay for Russian oil, a price cap of $65-$70 per barrel against the country’s oil may not shrink its oil revenue immediately, a report said yesterday Quoting a number of industry sources familiar with the…

Oil And Gas

Kolmani: Oil Exploration Will Boost Fortunes Of Northern Nigeria – Atiku

Chidi Ekpewerechi Nov 25, 2022 0

The Peoples Democratic Party presidential hopeful in Nigeria, Mr. Atiku Abubakar, has said that crude oil discovery and exploration in North East Nigeria will revitalise the fortunes of that region of the country. President Muhammadu…

Oil And Gas

Uncertainty: China Seals 27yr Deal to Receive LNG From Qatar

Chidi Ekpewerechi Nov 24, 2022 0

Uncertainty created by the invasion of Ukraine by Russia, made worse by the threat againstinst of Russia’s oil price cap by the European Union and the G7 Countries, QatarEnergy has signed a 27-year deal to supply China Petroleum &…

Oil And Gas

U.S., Allies May Cap Russian Oil At $60

Chidi Ekpewerechi Nov 23, 2022 0

The United States and its allies are hoping to cap Russia’s crude oil price at $60 per barrel, the Wall Street Journal said yesterday, quoting people familiar with the talks. It said that the officials are however hoping to consider a…

Oil And Gas

Buhari Flags Off Crude Oil Drilling In Northern Nigeria

Chidi Ekpewerechi Nov 21, 2022 0

All is set for the flagging off of the validation phase on Tuesday of first integrated oil development project in Northern Nigeria by President Muhammadu Buhari. The event will take place at the Kolmani OPLs 809 and 810 exploration…

NEWS

Sweden: Nord Stream Explosions Were Result Of “Gross Sabotage

Chidi Ekpewerechi Nov 21, 2022 0

Sweden: Nord Stream Explosions Were Result Of “Gross Sabotage” Traces of explosives were found near the sites of the explosions at the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea, confirming “gross sabotage” Sweden…

POWER SECTOR

Nigeria, Egypt In Advanced Talks for Cooperation In The Energy Sector

Chidi Ekpewerechi Nov 18, 2022 0

Nigeria and Egypt are looking forward to more cooperation in the energy sector. Talks between both countries are said to be in advanced stage. Nigeria’s minister for environment, Mr. Muhammad Abdullah who dropped the hint on Tuesday,…

NEWS

AfDB Approves $2.5m Grant To Boost Renewable Energy Penetration In Mozambique

Chidi Ekpewerechi Nov 17, 2022 0

The African Development Bank (AfDB) has provided a grant of $2.5million to the Mozambican government to enhance the penetration of renewable energy resources. The grant, which comes from the Sustainable Energy Fund for Africa (SEFA),…

POWER SECTOR

IRENA Warns Against Hydrogen Overuse

Chidi Ekpewerechi Nov 17, 2022 0

…says it could hamper renewable energy transition. The International Renewable Energy Agency (IRENA) has warned that the overuse of the green hydrogen could slow the energy transition. IRENA said that members of the Group of Seven…

Oil And Gas

Oil Theft: Nigerian Navy Arrests Two More ‘Rogue’ Ships In Niger Delta

Chidi Ekpewerechi Nov 16, 2022 0

The Nigerian Navy has informed that its intelligence wing has picked up two more ‘rogue’ vessels with the suspected mission of loading crude oil illegally from oil terminals in the Niger Delta. Navy spokesman, Commodore Kayode Vaughan…

Oil And Gas

Energy Insecurity: Indigenous Oil Firm Seeks Security Fund

Chidi Ekpewerechi Nov 15, 2022 0

In order to meet the 1.8million barrels per day (mb/d) OPEC quota, Nigeria has been advised to a security fund to squarely tackle the attacks on oil and gas facilities and crude oil theft. At a briefing in Abuja, chairman of an…

Oil And Gas

Oil Theft: Embattled Ship, Crew Drag Nigeria to Court

Chidi Ekpewerechi Nov 15, 2022 0

Embattled crude oil vessel, MT Heroic Idun, has taken Nigeria to court, praying that the country should to be stopped from illegally executing its “extraordinary rendition” of their vessel from Equatorial Guinea to Nigeria. The vessel…

Oil And Gas

NEITI Wants Women Greater Participation In Oil Value Chain

Chidi Ekpewerechi Nov 14, 2022 0

The Nigeria Extractive Industries Transparency Initiative has called for the involvement of Nigerian women in the entire value chain of exploration, production, refining of crude oil and mining of mineral deposits. NEITI executive…

POWER SECTOR

United States New Law Could Slow Solar Energy Rollout

Chidi Ekpewerechi Nov 14, 2022 0

U.S. Customs and Border Protection operatives are reported to have has seized over 1,000 shipments of China-made solar power equipment following a new U.S. law targeting forced labor in a Chinese region.The products detained by the U.S.…

POWER SECTOR

Rwanda Launches $104m Green Economy Fund

Chidi Ekpewerechi Nov 11, 2022 0

Rwanda's President Paul Kagame has launched "Ireme Invest," a $104 million green investment facility that will support the private sector in developing the climate-friendly economy in his country. Speaking on the sidelines of the 27th…

Oil And Gas

Sanction Talks Against Russia’s LNG Disappearing

Chidi Ekpewerechi Nov 11, 2022 0

Fears of sanctions on Russia’s LNG exports appear to be disappearing as Russian LNG suppliers have recently sold cargoes in Asia at close to the prevailing spot market prices. Quoting traders familiar with the recent deals yesterday,…

POWER SECTOR

TCN Scores Self High Over Its 5-Point Agenda

Chidi Ekpewerechi Nov 10, 2022 0

The chief executive officer of the Transmission Company of Nigeria, (TCN), Mr. Sule Ahmed Abdulaziz, has scored the management of the TCN high, stressing that the company is vigorously achieving its Five-Point Agenda for Year 2022. The…

NEWS

Oil Prices Shaky As U.S. Go Through Midterm Elections

Chidi Ekpewerechi Nov 10, 2022 0

Oil prices lowered yesterday in Europe as the United States counted votes in the midterm elections, which turned closely contested as expected. Reports say the race for the House was too close to call, too, compared to expectations that…

Oil And Gas

Libya Ready To Partner With Nigeria in Transcontinental Gas Shipment to Europe

Chidi Ekpewerechi Nov 9, 2022 0

Libyan Government of National Unity is still insisting that Nigeria enjoys comparative advantage letting its aural gas pass through Libyan territory to anywhere in Europe than any other northern African country. According to Libyan oil…

Oil And Gas

EU May Step Down Price Cap On Russia’s Natural Gas

Chidi Ekpewerechi Nov 9, 2022 0

The orchestrated price cap on Russian oil appear to have entered a new gear as the executive arm of the European Union, the Commission, may be considering that, after all, a price cap on gas imports is not the best approach to containing…

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