Expect 5.5% increase in demand for maritime services- Industry Forecast

Global competitiveness, efficiency and emerging opportunities in the economy are factors that have been tipped to trigger a 5.5 per cent increase in demand for maritime and allied services in Nigeria in the next two years and beyond.

FG targets 30% oil production from indigenous producers

The Federal Government has charged indigenous oil producers to grow their contribution to the national crude oil basket from the current 10 percent to 30 percent within the next five years. The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu set the target at the closing ceremony of the Nigerian International Petroleum Summit (NIPS) held in Abuja last week.

PMAWCA's regional integration initiatives attract commendation

The MD of NPA, Hadiza Bala Usman, has commended the Port Management Association of West and Central Africa (PMWCA) for continually serving as a multilateral organ for regional cooperation amongst ports in West and Central Africa and also, as a vehicle for the actualization of the dreams of the African Union (AU) as well as the objectives of New Partnership for African’s Development (NEPAD).

Hadiza Bala Usman gave the commendation in her welcome address to the delegates of PMWCA Technical Committee Meeting holding at Oriental Hotel in Lagos on the 26th of February, 2018.

NNPC, Kogi to produce 84mn litres of bio-fuel

...Sign MoU on Fuel-Ethanol Project to Create 2 Million Jobs

The Nigerian National Petroleum Corporation (NNPC) and the Kogi State Government have executed a Memorandum of Understanding for the development of fuel-ethanol processing plant that would produce 84 million litres of bio-fuel per year.

Speaking during the signing of the MoU today in Abuja, the Group Managing Director of the NNPC, Dr. Maikanti Baru, said the project would yield a cane mill and a raw and refined Sugar Plant of 126,000 tonnes annually.

SHELL wins Nigeria Oil & Gas Industry Games for record third time

At the end of the week-long NOGIG 2018 in Lagos, Team Shell topped the medal table with 11 gold, 12 silver and 11 bronze, leaving the Nigerian National Petroleum Corporation (NNPC) and Chevron in second and third places respectively.

“Team Shell’s record win is well-deserved,” said Osagie Okunbor, Managing Director, Shell Petroleum Development Company of Nigeria (SPDC) Ltd and Country Chair, Shell Companies in Nigeria, while reflecting on the performance of the contingent.

The Fading Glory of Oil

With global emphasis on renewables and clean fuels as the preferred sources of energy, most oil and gas producing nations, startled by the unfolding energy transition in the industry, have initiated efforts to remain relevant in the emerging dispensation.

Arbitrary Charges: Why Terminal Operators Lost Appeal

In May 2009 Umaru Musa Yar’Adua was the President of Nigeria and his Minister of Transport was a gentleman named Ibrahim Bio. The port concessions had been in operation for about two years, and there was increasing disquiet amongst cargo interests with concerns about terminal charges. Mr. Bio, in line with his powers and the provisions of the concession agreements, approved maximum progressive storage rates to be charged by the terminal operators. According to the tenor of the agreement, the rates were not to be increased without the prior agreement and approval of the Minister.

FG urged to replicate NLNG model to increase Gas Sector opportunities

The Deputy Managing Director of Nigeria LNG Limited (NLNG), Mr. Sadeeq Mai-Bornu, said the NLNG business model needed to be replicated in order to generate opportunities for the power and gas sectors in the country.

Carbon emision posses new threat— Report

The Federal Government has been urged to as a matter of urgency join world leaders and address current climate change caused by emissions and other catalysts.

The Director, Carbon Limits Nigeria, CLN, a project and technical consultancy service company, Paul Parks, stated this against the backdrop of the recent report on climate change released by CLN.

He explained that policymakers in the country need to understand how climate change acts as a threat multiplier and address it appropriately.

"Nigeria's oil industry attracts $40billion investments in two years"- Kachikwu

…Highlights transparency, indigenous participation as key drivers

Nothing less than $40 billion worth of investments have been recorded in Nigeria’s oil and gas industry over a two-year period, Minister of State Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, told Vice President, Yemi Osinbajo and participants at the Nigeria International Petroleum Summit in Abuja.


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