Stakeholders Advocate Transformation of Eastern Seaports Stakeholders of Nigeria Seaport have come out to say it’s high time the Eastern Ports embrace transformation as that of its Western Ports counterpart. This concern was raised during a two-day training for port users and port officials in the eastern ports, put together by the Maritime Anti-Corruption Network…
Seplat Energy: Court Strikes out Criminal Charge, Declines Interim Orders Sought in Duplicated Petition Seplat Energy has announced that the Federal High Court in Abuja has formally struck out the criminal charge brought by the Nigeria Immigration Service against the Company and some of its Officers. According to the company, the court fully discharged all…
Norway: Europe’s Largest Gas Producer Set To Nationalize Its Gas Pipelines Europe’s largest gas producer, Norway, will nationalise all of its natural gas pipelines within the next five years, the country’s oil and energy ministry said on Friday. The nationalisation plan would provide Norway with greater control over its critical infrastructure. Standing in the way…
EU Advocates Stricter Security Architecture at Nigerian Ports The European Union, EU, has called for stricter security architecture at the Nigerian maritime ports. The EU stated this during the closing ceremony of Western and Central Africa Port Security (WeCAPS) 1st mission training in Nigeria for ports in Lagos area. Speaking at the event Nico Vertogen,…
U.S. Seizes Iranian Oil from Tanker The United States recently confiscated a cargo of Iranian crude oil from a tanker at sea, according to a maritime security company, indicating that the seizure pre-dated Iran’s move to seize Chevron’s cargo of crude oil on Thursday off the coast of Oman. On Thursday, a Marshall Islands-flagged tanker…
Australia becomes Global Hub for Mining M& A Deals after Recording $37 Billion in Q1 Resource -rich Australia has become a global hub for M& A deals as automakers and chemical suppliers scramble to secure raw materials, with $37 billion worth of deals in the first quarter of this year. Reuters reports that this trend…
MOMAN Reiterates call for Deregulation of Downstream The Major Oil Marketers Association of Nigeria (MOMAN) has reiterated its call for complete deregulation of the downstream subsector of the Nigerian petroleum industry. Petrol subsidy under the current administration of President Muhammadu Buhari, is scheduled to end by June. MOMAN noted that subsidy removal needs to happen…
Norway Sovereign Fund to Support Teck Resources in Battle with Glencore Norway’s sovereign wealth fund, one of the world’s largest investors, has said it will support a plan by Canadian miner Teck Resources to spin off its metallurgical coal business and focus on copper and zinc, Reuters reports. On April 26, the Norwegian fund voted…
Saudi Aramco offers more vacuum gasoil supplies for May Saudi Aramco offered more vacuum gasoil (VGO) supplies to be exported from its Jizan refinery in May, according to traders and shipping data, in a sign that the refinery is yet to ramp up to full output. The Jizan refinery, Aramco’s newest facility, had been expected…
Seplat Launches STEAM Laboratories for Schools to Support Quality Education Leading energy company, Seplat Energy, has launched STEAM Laboratories initiative donating well-equipped STEAM Laboratories to schools to further promote a learning environment where students can participate actively in hands-on, practical STEAM learning. The aim of this initiative is to help students in the country unleash…