The Nigerian Content Development and Monitoring Board (NCDMB) has partnered with the Nigerian Maritime Administration and Safety Agency (NIMASA) and the National Inland Waterways Authority (NIWA) in the introduction of a revised Marine Vessel Categorization Scheme, designed to increase indigenous participation, manning and ownership in marine operations of the oil and gas industry. The scheme…
Mr Tein Jack-Rich, Founder and President, Belema Oil Producing Ltd., has assured OML-25 host communities of effective Corporate Social Responsibility (CSR) when operation resumes on the oil facility. Jack-Rich gave the assurance on Thursday in Kula, Akuku-Toru Local Government Area of Rivers, when he visited traditional rulers, leaders and women of OML-25 host communities. It…
The U.S. on Tuesday announced the imposition of sanctions against four companies operating in Venezuela’s oil sector as part of an ongoing pressure campaign against the government of Venezuelan President, Nicolas Maduro. The U.S. State Department disclosed this in a statement in Washington. According to the statement, sanctions target the mechanisms for exporting oil from…
Dr Cyrus Nkangwung, the South-South Zonal Director, National Oil Spill Detection and Response Agency (NOSDRA), says the agency is preparing its report on the possible cause of fire outbreak at an oil facility in Rivers. Nkangwung, who made this known on Monday in Port Harcourt, also gave an assurance that the findings would soon be…
An NGO, PHEW Foundation, has advised Nigerians to key into the use of renewable energy to mitigate the harmful effect of global warming. Mrs Chigbo Uche, the Director-General of the foundation, made the call at the end of a three-day Free Solar Technology training in Warri. The training was tagged: “Clean Energy to Mitigate Climate…
Unscrupulous people, described as crude oil thieves have set fire on an oil pipeline, belonging to Italian oil giant Agip at Ubeta community in the Ahoada West Local Government Area of Rivers. The field is operated by Nigeria Agip Oil Company, a subsidiary of Italy’s Eni. Ubeta is a border community between Bayelsa and Rivers…
Oil rose further above 64 dollars a barrel on Monday, supported by doubts about how quickly Saudi Arabia can restore output after a crippling attack this month and a resulting greater focus by investors on supply risks. Despite efforts by the top crude exporter to reassure the market it can resume full production by the…
Iranian authorities on Monday said Iran has freed the British-flagged oil tanker Stena Impero, which was seized in the Strait of Hormuz in mid-July. Government spokesman Ali Rabiei said legal investigations have concluded and the ship’s violations have been forgiven, according to Iran’s Fars news agency. However, he did not say if the ship had…
The Department of Petroleum Resources (DPR) has sealed 40 filling stations from January to date for various offences in Nasarawa State. Alhaji Abdulrahaman Muhammad-Bima, DPR Operation Comptroller, Lafia, disclosed in Lafia on Monday. He said that the offences committed included under delivery, diversion of product, lack of safety and other related offences. According to him,…
The U.S. Chamber of Commerce announced that Benedict Peters, Chairman and CEO of AITEO, will serve on the Board of Advisors for the U.S.-Africa Business Center. The mission of the U.S.-Africa Business Center is to build lasting prosperity for Africans and Americans through job creation and entrepreneurial spirit, something that Mr. Peters has been…
