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LATEST ARTICLES

Demand for Nigeria’s LNG surges

Over 16 vessels have departed Onne Port with 950,000 metric tons of liquefied natural gas (LNG) valued at N354 billion in the...

NIMASA moves against uncertified boat skippers

…Advocates unified enforcement guidelines for non-conventional vessels Against the background of recent fatal boat mishaps on the country’s inland...

NNPC gives conditions for relocation of petroleum products depots

The Nigerian National Petroleum Corporation (NNPC) has advised against a swift relocation of tank farms from their current locations along Ijegun, Kirikiri...

Oil exposure raises questions for West Africa’s big banks

West Africa's major banks could suffer a spike in loan defaults as lower oil prices and the acute economic impact of the...

OPEC+ asks Committee to monitor Nigeria, others over extended oil production cuts

…Expects increase in supply to be offset by countries like Nigeria The Organization of Petroleum Exporting Countries (OPEC) and...

NIMASA directs registered Stevedores to commence operations

…"Erring facilities will be sanctioned"– Jamoh The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has directed...

NSC targets 2021 for total digitisation of Nigerian Ports

The Nigerian Shippers’ Council (NSC) has announced that it is perfecting plans to ensure that cargo clearing processes and all other port...

FG approves reconstituted boards for NLNG, BGT

The federal government of Nigeria has reconstituted its representatives on the Boards of Nigeria LNG Limited (NLNG) and Bonny Gas Transport Limited...

DPR warns public against fake recruitment notices

The Department of Petroleum Resources (DPR) has alerted members of the public to the activities of some unscrupulous persons, who are circulating...

NCDMB takes occupancy of Nigerian Content Towers, Yenagoa

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday took formal possession of its newly completed 17-storey headquarters building from the...

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Four lessons Nigeria must learn from Beirut Port blast

Less than 48 hours to the 75th anniversary of the detonation of an atomic bomb over the Japanese city of Hiroshima by...

Petroleum industry unions seek clarity over new fuel price

As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of Petroleum and Natural Gas...

NNPC takes step to end Oil Mining Lease 130 dispute

The Nigeria National Petroleum Corporation (NNPC), China’s CNOOC Ltd and South Atlantic Petroleum (SAPETRO) signed a preliminary agreement to resolve a dispute...

Glencore posts record oil trading earnings despite lower volumes

…Crude, product volumes slip 8% to 4.27 million b/d…Trading opportunities soar during pandemic upheaval…Reports $2.6 bil net loss on coronavirus impairments