Echoes of Empty Petroleum Depots

While stakeholders in Nigeria’s oil industry have openly supported the total deregulation of the downstream sector, citing the move as a catalyst for growth and optimization of the entire downstream value chain, some of their counterparts, especially owners of petroleum storage facilities and depots do not share similar enthusiasm about the unfolding changes.

Port Efficiency: NIMASA Lists Indicators for Competitiveness

The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr Dakuku Peterside has listed what he termed game changers that will make ports on the African Continent to be globally competitive.

They include investment in world class infrastructure, strengthen Regulatory Frameworks:, Enhance Institutional Cooperation, implementation of one-stop portals like the National Single Window and adequate investment in human capital.

The path to achieving energy security In Nigeria- Saraki

Senate President, Dr. Abubakar Bukola Saraki, on Friday, listed steps that need to be taken to achieve energy security in the country that would lead to safe environment and uplift the social economic wellbeing of the people.
Saraki gave the recommendations in his speech at a one day workshop on the State of Energy Security in Nigeria, organized by the Konrad Adenauer Stiftung (KAS) climate policy and energy security programme for sub-Saharan Africa in Lagos.

Blue Economy to Africa’s Rescue?

As over 30 African Countries converge on Abuja for the third Association of African Maritime Administrations (AAMA) annual conference hosted by the Nigerian Maritime Administration and Safety Agency (NIMASA), one thing on the minds of the participants is how African governments and littoral states can leverage on the potential of the seas and oceans around them to improve the fortunes of their citizens and compete favourably among the comity of maritime nations. Chukwunonso Udeh reports. 

OPEC deal expected to tighten oil market in 2017-Kemp

OPEC has reached an agreement to cut its oil output by almost 1.2 million barrels per day and been rewarded with an increase in nearby futures prices of around $5 per barrel.

Saudi Arabia is likely to provide around half of the real cuts, and its Gulf allies most of the rest, with a high degree of expected non-compliance by other OPEC and non-OPEC countries.

Past experience shows Saudi Arabia and its allies have usually done almost all the real cutting while other OPEC and non-OPEC members have been left to produce as much as they can.

Nigeria Navy: Attaining self-reliance in shipbuilding, maintenance

IN the next few days, President Muhammadu Buhari, will commission NNS UNITY, the newly acquired Offshore Patrol Craft, OPV, from China.

This is the second China-built OPV to join its sister OPV, NNS CENTENARY earlier commissioned. Both of them are expected to join the fight against all forms of illegalities in the national offshore oil and gas installations.