Daniel Terungwa The Minister of State for Transportation, Gbemisola Saraki, has reiterated the Federal Government’s commitment towards the implementation of the national maritime transport policy. The Minister stressed that the absence of an all-encompassing policy at the national level to holistically address the challenges plaguing the maritime sector was responsible for its poor performance…
Daniel Terungwa The Director-General of the Nigeria Mining Cadastre Office (MCO), Engr. Obadiah Simon Nkom has assured that the Agency would collaborate with stakeholders in the Mining sector for the overall economic development of Nigeria. Engr. Nkom who made the comment when he recently received in his office, the Project Coordinator of Mineral Sector Support…
Daniel Terungwa The World Bank Board of Executive Directors has approved a $50 million grant from the International Development Association (IDA) to improve access to electricity in Sierra Leone and enhance institutional capacity and commercial management of the sector. The project will also be co-financed with a $2.7 million grant by the Japan Policy and…
Mordi chukwunonso Esther The President of the Senate, Ahmad Lawan has called for a reduction in the cost of crude oil production by International Oil Companies (IOC’s) operating in Nigeria. Lawan made the call on Thursday in Abuja, while receiving a delegation of Oil Producers Trade Section (OPTS) in Abuja. He said the cost of…
Mordi chukwunonso Esther Chevron Corporation has reported a full-year 2020 loss of $5.5 billion.It also reported a loss of $665 million for the fourth quarter 2020. In a statement issued from its San Ramon, California headquarters in the United States, and obtained by SweetcrudeReports, the company said the $5.5 billion full-year 2020 loss compared with…
Mordi chukwunonso Esther A Dutch appeal court in The Hague, Netherlands has ruled that the Royal Dutch Shell, a British-Dutch oil company, and its Nigerian arm, the Shell Petroleum Development Company of Nigeria Limited, pay for damages caused by oil spills in the Niger Delta. Four Nigerian farmers, together with friends of the Earth Netherlands…
Daniel Terungwa The Shell Petroleum Development Company of Nigeria Limited (SPDC) has announced the competition of the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure. The transaction has been made to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and…
Daniel Terungwa Africa Association of Professional Freight Forwarders and Logistics in Nigeria (APFFLON), has asked the Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman to pay more attention port reforms in her second term in office. The National President of APFFLON, Otunba Frank Ogunojemite in a congratulatory message to Hadiza, commended President Muhammadu…
Daniel Terungwa President George Weah is expected to commission the Liberian line of the Transmission Company (TRANSCO) CLSG (Cote d’Ivoire, Liberia, Sierra Leone and Guinea) project which comes with initial 243 megawatt electricity from neighboring Ivory Coast next month. General Manager TRANSCO CLSG, Mohammed M. Sherif informed reporters during a tour of the CLSG’s Mount…
OPEC+ compliance with pledged oil output curbs is averaging 85 percent so far in January, tanker tracker Petro-Logistics said on Monday, suggesting the group had improved its adherence to pledged supply curbs. Reuters reports that the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, agreed to increase output by…