BREAKING: Bonny Light price drops to $69.40 By Eyo Nsima The price of Nigeria’s Bonny Light has dropped to $69.40 per barrel as the Coronavirus pandemic resurges in different parts of the world. The price of the crude had risen to $75 per barrel a few weeks ago before sliding to the present level. However, […]
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Petroleum Industry Act marks a significant milestone in the administration of Nigeria’s oil and gas industry — LCCI By Eyo Nsima The Lagos Chamber of Commerce and Industry, LCCI, has described the signing into law, of the Petroleum Industry Act (PIA) 2021 by H.E President Muhammadu Buhari, as a significant milestone in the administration of Nigeria’s oil and gas
TCN tasks personnel on synergy for improved productivity By Eyo Nsima The Acting Managing Director and Chief Executive Officer of the Transmission Company of Nigeria (TCN), Engr. Dr. Sule A. Abdulaziz has tasked Management staff with developing more synergy towards sustaining the company’s milestones and moving it to a higher level of efficiency. Engr.
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How Russian freighter Interrupted voyage off Spain BALTIYSKIY BEREG, NUC has suffered a breakdown, engine or mechanical, in the afternoon of August 18, 2021, according to FleetMon. It stated: “BALTIYSKIY BEREG, NUC since Aug 17, W of northwest Spain. En route from Italy via Malta to Hull UK ETA Aug 21. Interrupted voyage, sailed (or towed) to Coruna Spain, docked
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SPACES FOR CHANGE reacts as President Buhari assents to Petroleum Industry Act .Calls for amendment of 5 clauses By Eyo Nsima SPACES FOR CHANGE | S4C, a non-profit organization working to infuse human rights into social and economic governance processes in Nigeria, has reacted as President Muhammadu Buhari assents to Petroleum Industry Act. According to the
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Between the violinist and the Petroleum Industry Act By SOWUNMI Olabode The story is told of a man who sat at one of the metro stations in Washington DC and started to play the violin; it was a cold January morning. He played six Bach pieces for about 45 minutes. During that time, it
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MARITIME: Canada boosts port investment to promote trade The government of Canada has expanded investment to enhance businesses in the maritime sector, according to FleetMom. It stated: “The government of Canada has announced a major investment in its port infrastructure. Laying the foundation for the future, Canada has presented plans to invest in the
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How Ninth N’Assembly passed the PIB into law — Senate President By Eyo Nsima The Senate President, Senator Ahmad Lawan, Wednesday, said, the Petroleum Industry Bill(PIB) was passed and eventually signed into law by President Muhammadu Buhari because the legislators adopted it as a very important bill that must be concluded during the tenure of
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DPR CALL FOR TRAINING OF DOWNSTREAM OPERATORS TO ADDRESS ACCIDENTS IN OIL, GAS INDUSTRY The Department of Petroleum Resources (DPR) has reiterated that the Minimum Industry Safety Training for Downstream Operations (MISTDO) remains compulsory for all players in that part of the petroleum industry. The DPR noted that the programme introduced to safeguard operations in
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Port of Shanghai moves to tackle container shortages The Port of Shanghai has taken steps targeted at tackling container shortages, according to FleetMon. It stated: “The latest problem that has taken over the shipping industry is the short supply and blockages of containers. Addressing the complaints from shippers regarding the unavailability of equipment, the Port
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