By Our Correspondent This is official. It has now been confirmed that Float Storage Unit FSO BENCHAMAS 2 encountered an explosion leading to the demise of one crew in the Gulf of Siam. In its latest update obtained by The Daily, www.thedaily-ng.com, FleetMon, stated: “Confirmed it was an explosion, a worker died in the explosion. […]
MARITIME ACCIDENT: How FSO was flooded, 1 worker died at Gulf of Siam Read More »
The African Energy Chamber (www.EnergyChamber.org) rejects the accusations made by The Sentry as misleading, disrespectful, and unfair to South Sudan and Trinity Energy. The AEC believes The Sentry’s report is a classic case where there is a sinister rush to judgment, an obsession to taint an African Energy Company, Trinity Energy and the South Sudan
African Energy Sector Condemns Sentry’s Attack on South Sudan and African Entrepreneurs Read More »
Addressing top energy operators, regulators and government functionaries at the 2023 African Refiners and Distributors Association (ARDA) Week in Cape Town, Wale Ajibade, Executive Director, Sahara Group, said the current level of global investments on renewable energy was inadequate to enable Africa to embrace more alternative energy sources. Ajibade, who delivered a paper titled, ‘Meeting
Sahara Group Urges Collaboration, Investments to Drive Sustainable Energy in Africa Read More »
By Eyo Nsima Many crude oil prices have started to rebound, hitting more than $74 per barrel in the international market, due to positive speculation. The prices had dropped to as low as $72 per barrel on Wednesday, due mainly to negative speculation over the demand outlook. But the report of the Organisation of Petroleum
BREAKING: Crude prices rise again, hit over $74 per barrel Read More »
By Our Correspondent A Container ship MSC LAUSANNE on arrival from Charleston USA had to anchor in front of Vigo in Vigo Bay, Spain, in the afternoon of March 14, 2023, because of a navigational system failure, according to FleetMon. It stated: “Container ship MSC LAUSANNE on arrival from Charleston USA had to anchor in
MARITIME: How Container ship MSC LAUSANNE encountered an emergency, anchored in Vigo Bay Read More »
An African Energy Chamber (AEC) (www.EnergyChamber.org) delegation – comprising Verner Ayukegba, Senior-Vice President, AEC and Ray Tanyi, Consultant, AEC – led by NJ Ayuk, Executive Chairman of the AEC, conducted a site visit to Nyanga PayGas Station – a liquefied petroleum gas (LPG) project located in the Nyanga community area of Cape Town – on
While the need to transition to a cleaner energy future is a global priority, Africa’s energy poverty challenges require strong and immediate solutions, of which investment in infrastructure to strengthen energy supply and access is predominant. In line with this, Rene Awambeng, Global Head and Director, Client Relations at pan-African multilateral financial institution the African
By Our Correspondent A Bulk carrier LOYALTY HONG has berthed at Lyttelton, New Zealand, after suffering an engine room flooding during her stay, according to FleetMon. It stated: “A Bulk carrier LOYALTY HONG, berthed at Lyttelton, New Zealand, suffered engine room flooding during her stay, she arrived at Lyttelton on Mar 5, understood to load
MARITIME ACCIDENT: Bulk carrier disabled by water ingress at Lyttelton, NZ Read More »
By Eyo Nsima There was panic as the price of Brent, the global oil benchmark, dropped by over five percent to $72.39 per barrel, the first time since December 2021. The price collapse which also affected other crudes started after the U.S. Energy Information Administration reported an inventory build of 1.6 million barrels for the
OIL MARKET: Panic as Brent price drops to $72.39 per barrel Read More »
