NNPC restates commitment to OPEC+ Agreement The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market. The Group Managing Director of NNPC, Mallam Mele Kyari, stated this Wednesday while […]
NNPC restates commitment to OPEC+ Agreement Read More »
LEKOIL appoints Tennyson Securities as Joint Broker LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has appointed Tennyson Securities to act as the Tennyson Securities to act as the Company’s Joint Broker alongside SP Angel Corporate Finance LLP with immediate effect. In a statement obtained by
LEKOIL appoints Tennyson Securities as Joint Broker Read More »
OIL SPILL: How Shell recorded 10 incidents in December 2020 As oil theft and illegal refining continue in the Niger Delta, Shell Petroleum Development Company, SPDC, has recorded 10 oil spill incidents in December 2020, indicating a drop of five when compared to 15 recorded in November. Specifically, the incidents, which Shell attributed to sabotage
OIL SPILL: How Shell recorded 10 incidents in December 2020 Read More »
Twenty-Two crew seek help as Bulk carrier sinks in the Pacific Bulk carrier YONG FENG issued distress signal at around 0350 Tokyo time Jan 13, reporting being in danger of sinking, some 400 nm southeast of Miyakojima, Okinawa, Philippine sea. Later 22 crew (including 14 Chinese and 8 Bangladeshi nationalities) reported escaping in a lifeboat, Japanese
Twenty-Two crew seek help as Bulk carrier sinks in the Pacific Read More »
JUST IN: Bonny Light surges towards $56 per barrels on OPEC oil cut By Eyo Nsima The price of Nigeria’s Bonny Light has surged to $55.95 per barrel, just 5 cents behind $60 per barrel in the international oil market as the Organisation of Petroleum Exporting Countries, OPEC, and others intensify efforts in their oil
JUST IN: Bonny Light surges towards $56 per barrels on OPEC oil cut Read More »
AfCFTA: MAN urges SON to take a position at borders The Kano branch of Manufacturers Association of Nigeria (MAN) has urged the Standards Organisation of Nigeria (SON) to position itself properly at the nation’s borders as the execution of the African Continental Free Trade Area (AfCFTA) agreement begins. National Vice President, North West
AfCFTA: MAN urges SON to take a position at borders Read More »
WildAid, others move to tackle bushmeat consumption across Nigeria as taste, culture, and health concerns impact negatively WildAid, a non-profit organization with a mission to end the illegal wildlife trade in our lifetimes, has published a new survey, which reveals that consumption of wildlife or “bushmeat” is widespread in Nigeria’s top cities, regardless of location, age, income,
The mining sector continues to be seen as the backbone of Botswana’s economy, and one of the largest contributors to gross domestic product Investing in African Mining Indaba (Mining Indaba), part of Hyve Group Plc is honoured to announce that His Excellency, Mokgweetsi Masisi, President of Botswana has confirmed to deliver his presidential keynote address
H.E. Mokgweetsi Masisi, President of Botswana confirmed for Mining Indaba Virtual Read More »
Maritime Accident: Post-Panamax container ship disabled by fire The ship is under tow of tug VIRGO (IMO 9276676) in southern Red sea, from King Abdullah Port SA to Dubai, ETA Jan 31. Towage commenced on Jan 8, after understood, completing containers offloading, according to FleetMon. It stated: “Container ship NORTHERN JUBILEE suffered fire in
Maritime Accident: Post-Panamax container ship disabled by fire Read More »
Damaged bulk carrier still in Suez Canal 2 weeks after accident Bulk carrier CHRISTOS THEO reportedly suffered rudder and propeller damages in Suez Canal below Great Bitter Lake while trying to avoid collision, while transiting Canal in northern direction, in the morning Dec 29, 2020, according to FleetMon. It stated: “The ship was taken
Damaged bulk carrier still in Suez Canal 2 weeks after accident Read More »
