NIMASA, NCC partner on Submarine Cable Regulation The Nigerian Maritime Administration and Safety Agency (NIMASA), and Nigerian Communications Commission (NCC) have agreed to work closely in developing a regulatory framework to provide operational guidelines for Submarine Cable and Pipeline Operators in Nigeria. This is contained in a statement signed by the Assistant Director, Public Relations,…
NCDMB holds Enlightenment Workshop with Contractors and Host Communities in Akwa Ibom The Nigerian Content Development and Monitoring Board (NCDMB) recenty held a one-day enlightenment workshop for contractors, youths, and members of host communities in Akwa Ibom State on the NCDMB’s Community Content Guidelines (CCG). The workshop according to the Executive Secretary, NCDMB, Engr. Simbi…
IPMAN disagrees over FG Port Harcourt refinery completion date The Independent Petroleum Marketers Association of Nigeria, IPMAN, has faulted the Minister of State for Petroleum, Chief Timipre Sylva, over his assurance on the completion of the Port Harcourt refinery. Sylva had during a seminar recently in Abuja, said the refinery would be ready before the…
U.S. crude oil exports to Europe hit record in March on steep discounts U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts to the global benchmark and weaker oil demand by U.S. refineries. Record exports to Europe and China…
N1trn debt payment, gas supply, others top GenCos’ agenda for incoming Govt Power Generation Companies (GenCos) have listed some issues affecting operators and investors in the Nigerian Electricity Supply Industry (NESI), which they want the next president to pay priority attention to. Executive Secretary of the Association of Power Generation Companies (APGC), Dr Joy Ogaji,…
South Africa: Eskom Will Resolve Power Crisis – Electricity Minister South Africa’s Minister in the Presidency responsible for Electricity, Dr Kgosientsho Ramokgopa, believes that Eskom employees are the heart of resolving the ongoing energy crisis. “My view has always been that the biggest asset for any organisation is its workers and the reason we’re starting…
Nigeria’s LNG Output still weak despite Europe’s thirst for spot supplies Natural Gas Intelligence (NGI), in a recent report, has stated that heavy flooding, upstream gas supply issues and pipeline vandalism have left the six-train Nigeria LNG (NLNG) facility on Bonny Island producing far below capacity since last year, with the trend largely continuing in…
Russian Oil Company Lukoil Snaps Up Offshore Blocks in Congo Russian oil company Lukoil has said it now has rights to two offshore Energy blocks in the Republic of Congo in partnership with Italian oil giant Eni. According to Russian news agency, Interfax, the rights to the offshore blocks, known as Marine 24 and Marine…
Oil Prices Dive to 15-Month Lows on Bank Fears Oil prices took a dive on Friday, reversing early gains of more than $1 a barrel and falling by more than $3, as banking sector fears set crude on course for its biggest weekly decline in months. Brent crude futures fell by $2.27, or 3.04%, to…
Nigerian Navy unveils Navigational Chart for Lower River Niger The Nigerian Navy has unveiled the Navigational Chart of the Lower River Niger as part of efforts towards the development of inland waterway in Nigeria. The navigational chart was carried out by the hydrographic unit of the navy in collaboration with the Federal Ministry of Transportation…
